Southern Missouri Bancorp (SMBC) Projected to Post Earnings on Monday
Southern Missouri Bancorp (NASDAQ:SMBC) is set to release its earnings results before the market opens on Monday, February 3rd. Analysts anticipate that the company will report earnings of $1.23 per share for the upcoming quarter.
The last quarterly earnings announcement from Southern Missouri Bancorp occurred on Tuesday, October 29th, where the savings and loans company shared an EPS of $1.10. This figure slightly fell short of analysts’ consensus estimates of $1.11 by $0.01. During that quarter, the company generated revenue of $74.55 million, significantly surpassing the consensus estimate of $42.48 million. Furthermore, Southern Missouri Bancorp recorded a return on equity of 10.18%, along with a net margin of 17.44%. Analysts have an optimistic outlook for the company, projecting earnings of $5 per share for both the current fiscal year and the next.
On Monday, shares of Southern Missouri Bancorp began trading at $57.21. The stock has experienced a twelve-month low of $39.00 and a twelve-month high of $68.69. In terms of liquidity and financial health, the company has a quick ratio of 0.98, a current ratio of 0.98, and a modest debt-to-equity ratio of 0.26. Southern Missouri Bancorp’s 50-day and 200-day moving averages stand at $60.46 and $57.46 respectively. The company’s market capitalization is approximately $645.33 million, with a price-to-earnings ratio of 13.15 and a beta of 0.99.
Several brokerages have recently commented on SMBC. Piper Sandler raised its target price for Southern Missouri Bancorp shares from $62.00 to $66.00, providing the stock with an “overweight” rating in a report published on October 30th. Additionally, Stephens adjusted their target price for the company from $70.00 to $72.00, also giving the stock an “overweight” rating in the same report.
In other corporate updates, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp on Thursday, October 31st, at an average price of $59.90, resulting in a total transaction of $179,700. Following this sale, the director’s ownership dropped to 48,649 shares, valued at approximately $2,914,075.10. This sale represented a 5.81% reduction in his ownership stake. Insiders currently hold about 16.60% of the company’s stock.
Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank, providing various banking and financial services to individuals and corporate clients in the United States. The company offers a range of deposit products, including both interest-bearing and noninterest-bearing transaction accounts, savings accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.
In light of the upcoming earnings announcement, it’s important for investors and stakeholders to analyze the potential impact on the stock and the broader market.
While Southern Missouri Bancorp currently enjoys a “Moderate Buy” rating among analysts, it’s worth noting that other top-rated analysts have identified different stocks they consider to be more attractive investment opportunities at this time.
