Southern Missouri Bancorp stock barely flinched after earnings, ticking just 0.04% higher, yet the results carried far more weight than that flat line suggests. The real story sat in profitability. Quarterly basic EPS reached about US$1.84, while return on average assets at 1.41% and return on tangible common equity at 15% painted the picture of a bank generating strong returns from its balance sheet.

Short-term trading has been muted over the past week and month, with modest declines. This leaves investors now weighing whether this earnings power justifies a richer valuation or if caution still rules the tape.

Is Southern Missouri Bancorp trading at a genuine discount or just appearing inexpensive on a simple P/E screen? See how its…