Southern Missouri Bancorp (NASDAQ:SMBC) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Southern Missouri Bancorp (NASDAQ:SMBC) from a strong sell rating to a sell rating in a report published on Monday, April 1st, BidAskClub reports.

Southern Missouri Bancorp stock traded down $0.38 during mid-day trading on Monday, reaching $31.89. 9,951 shares of the company’s stock traded hands, compared to its average volume of 17,631. The company has a market cap of $305.77 million, a price-to-earnings ratio of 11.71 and a beta of 0.65. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.76. Southern Missouri Bancorp has a 12-month low of $29.92 and a 12-month high of $41.49.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings results on Tuesday, January 22nd. The savings and loans company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. The company had revenue of $22.12 million for the quarter. Southern Missouri Bancorp had a net margin of 25.05% and a return on equity of 14.12%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, May 14th.

A number of institutional investors have recently added to or reduced their stakes in SMBC. Ramsey Quantitative Systems increased its position in Southern Missouri Bancorp by 13.6% during the fourth quarter. Ramsey Quantitative Systems now owns 3,318 shares of the savings and loans company’s stock valued at $112,000 after acquiring an additional 397 shares during the last quarter. Bank of New York Mellon Corp increased its position in Southern Missouri Bancorp by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 35,962 shares of the savings and loans company’s stock valued at $1,219,000 after acquiring an additional 602 shares during the last quarter. Bessemer Group Inc. increased its position in Southern Missouri Bancorp by 10.9% during the fourth quarter. Bessemer Group Inc. now owns 10,200 shares of the savings and loans company’s stock valued at $346,000 after acquiring an additional 1,000 shares during the last quarter. Smith Moore & CO. increased its position in Southern Missouri Bancorp by 12.8% during the fourth quarter. Smith Moore & CO. now owns 14,361 shares of the savings and loans company’s stock valued at $487,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Southern Missouri Bancorp by 46.2% during the fourth quarter. Bank of America Corp DE now owns 5,763 shares of the savings and loans company’s stock valued at $195,000 after acquiring an additional 1,822 shares during the last quarter. 47.46% of the stock is currently owned by institutional investors.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. It offers various deposit instruments, including demand deposit accounts, negotiable order of withdrawal accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.

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