Southern Missouri Bancorp (SMBC) Downgraded to Sell at BidaskClub

BidaskClub cut shares of Southern Missouri Bancorp (NASDAQ:SMBC) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Keefe, Bruyette & Woods initiated coverage on shares of Southern Missouri Bancorp in a research note on Thursday, May 17th. They set a market perform rating for the company.

Southern Missouri Bancorp traded down $0.05, reaching $39.08, on Friday, MarketBeat.com reports. The stock had a trading volume of 9,946 shares, compared to its average volume of 9,442. The firm has a market cap of $351.88 million, a price-to-earnings ratio of 16.17 and a beta of 0.68. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81. Southern Missouri Bancorp has a 12-month low of $30.76 and a 12-month high of $41.49.



Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Tuesday, July 24th. The savings and loans company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). The firm had revenue of $19.41 million during the quarter. Southern Missouri Bancorp had a net margin of 23.06% and a return on equity of 14.49%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, August 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Southern Missouri Bancorp’s previous quarterly dividend of $0.11.

Hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new stake in Southern Missouri Bancorp in the fourth quarter valued at approximately $135,000. Alliancebernstein L.P. acquired a new stake in Southern Missouri Bancorp in the fourth quarter valued at approximately $203,000. Millennium Management LLC acquired a new stake in Southern Missouri Bancorp in the fourth quarter valued at approximately $246,000. Rhumbline Advisers acquired a new stake in Southern Missouri Bancorp in the second quarter valued at approximately $265,000. Finally, Wells Fargo & Company MN grew its position in Southern Missouri Bancorp by 24.0% in the fourth quarter. Wells Fargo & Company MN now owns 9,455 shares of the savings and loans company’s stock valued at $355,000 after acquiring an additional 1,833 shares in the last quarter. 47.05% of the stock is 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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