Piper Sandler comments on Southern Missouri Bancorp, Inc.’s 2023 fiscal year results (NASDAQ:SMBC)
Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) – Piper Sandler raised its fiscal 2023 earnings per share estimate for Southern Missouri Bancorp in a note to investors Tuesday, January 25. Piper Sandler analyst A. Liesch now expects the savings and loan company to post earnings per share of $5.30 for the year, up from its previous estimate of $4.65. .
Separately, Zacks Investment Research raised Southern Missouri Bancorp from a “hold” rating to a “buy” rating and set a target price of $63.00 on the stock in a research note on Friday.
NASDAQ: SMBC traded down $1.00 during Friday’s midday session, hitting $53.75. The company had a trading volume of 83 shares, compared to its average volume of 30,862. Southern Missouri Bancorp has a fifty-two week low of $30.65 and a fifty-two week high of 61.93 $. The company’s fifty-day moving average is $53.65 and its two-hundred-day moving average is $49.37. The company has a debt ratio of 0.21, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $477.73 million, a P/E ratio of 9.86 and a beta of 0.98. Southern Missouri Bancorp Inc (NASDAQ:SMBC) last released its quarterly results on Sunday, January 23. The savings and loan company reported earnings per share (EPS) of $1.35 for the quarter, beating the consensus estimate of $1.21 by $0.14. Southern Missouri Bancorp had a return on equity of 17.85% and a net margin of 38.07%.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 28. Investors of record on Tuesday, February 15 will receive a dividend of $0.20 per share. The ex-date of this dividend is Monday, February 14. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 1.49%. Southern Missouri Bancorp’s payout ratio is currently 14.41%.
In related news, the director Dennis C. Robison sold 1,000 shares in a trade dated Tuesday, November 9. The stock was sold at an average price of $59.30, for a total transaction of $59,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. 15.75% of the shares are currently held by insiders of the company.
Hedge funds have recently been buying and selling shares of the company. Russell Investments Group Ltd. increased its stake in Southern Missouri Bancorp by 22.8% in the third quarter. Russell Investments Group Ltd. now owns 57,163 shares of the savings and loan company valued at $2,564,000 after purchasing an additional 10,613 shares last quarter. MetLife Investment Management LLC acquired a new stake in shares of Southern Missouri Bancorp in the second quarter valued at approximately $136,000. Moors & Cabot Inc. acquired a new equity stake in Southern Missouri Bancorp in the third quarter valued at approximately $28,000. HYA Advisors Inc raised its position in shares of Southern Missouri Bancorp by 0.4% in the third quarter. HYA Advisors Inc now owns 89,201 shares of the savings and loan company valued at $4,148,000 after buying 383 additional shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Southern Missouri Bancorp by 12.5% in the second quarter. Goldman Sachs Group Inc. now owns 32,842 shares of the savings and loan company valued at $1,477,000 after buying 3,645 additional shares in the last quarter. Hedge funds and other institutional investors own 49.51% of the company’s shares.
Southern Missouri Bancorp Company Profile
Southern Missouri Bancorp, Inc is a holding company that provides financial services. The company is focused on attracting retail deposits from the general public and utilizing those deposits with Federal Home Loan Bank of Des Moines (“FHLB”) wholesale funding and, to a lesser extent, brokered deposits, to invest in one – to four-family residential mortgages, mortgages secured by commercial real estate, commercial non-mortgage business loans, and consumer loans.
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