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Southern Missouri Bancorp beat earnings estimates, boosting its stock to a 1-year high.
Southern Missouri Bancorp reported stronger-than-expected quarterly earnings of $1.62 per share, surpassing estimates by $0.06.
The bank's return on equity was 11.57% and net margin reached 19.86%.
Its stock rose to a 1-year high of $63.84, closing at $63.72, with increased trading volume.
The company, which operates Southern Bank in southern Missouri and northern Arkansas, saw institutional ownership at 49.49%, including a significant stake increase by Millennium Management LLC.
Analysts maintain a mixed outlook with an average "Hold" rating and a price target of $62.83.
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Southern Missouri Bancorp superó las estimaciones de ganancias, elevando sus acciones a un máximo de un año.