Southern Missouri Bancorp (NASDAQ:SMBC) Price Target Raised to $64.00

Southern Missouri Bancorp (NASDAQ:SMBC) had its price target raised by Keefe, Bruyette & Woods from $63.00 to $64.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a market perform rating on the savings and loans company’s stock.

SMBC has been the topic of a number of other research reports. Stephens reissued an “overweight” rating and issued a $73.00 target price (up previously from $71.00) on shares of Southern Missouri Bancorp in a research note on Friday, January 23rd. Piper Sandler reiterated a “neutral” rating and issued a $68.00 price objective (up from $61.00) on shares of Southern Missouri Bancorp in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Southern Missouri Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.33.

Southern Missouri Bancorp Trading Up 2.5%

Shares of Southern Missouri Bancorp stock opened at $62.18 on Tuesday. Southern Missouri Bancorp has a 1 year low of $45.10 and a 1 year high of $65.64. The company’s fifty day simple moving average is $59.98 and its 200-day simple moving average is $56.30. The company has a market cap of $696.42 million, a price-to-earnings ratio of 10.76 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings results on Wednesday, January 21st. The savings and loans company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. Southern Missouri Bancorp had a return on equity of 12.04% and a net margin of 20.80%.The firm had revenue of $49.65 million during the quarter, compared to analysts’ expectations of $49.79 million. As a group, sell-side analysts expect that Southern Missouri Bancorp will post 5.06 EPS for the current year.

Southern Missouri Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, February 13th. Southern Missouri Bancorp’s payout ratio is presently 17.30%.

Insider Buying and Selling

In related news, Director William E. Young sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $53.87, for a total transaction of $80,805.00. Following the completion of the sale, the director directly owned 93,552 shares of the company’s stock, valued at $5,039,646.24. This trade represents a 1.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.81% of the stock is currently owned by company insiders.

Institutional Trading of Southern Missouri Bancorp

Large investors have recently made changes to their positions in the business. Apollon Wealth Management LLC acquired a new position in Southern Missouri Bancorp during the 3rd quarter worth $592,000. Squarepoint Ops LLC acquired a new stake in shares of Southern Missouri Bancorp in the 2nd quarter valued at $996,000. Geode Capital Management LLC raised its position in shares of Southern Missouri Bancorp by 4.9% during the second quarter. Geode Capital Management LLC now owns 230,664 shares of the savings and loans company’s stock worth $12,638,000 after acquiring an additional 10,802 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Southern Missouri Bancorp by 840,200.0% during the second quarter. AlphaQuest LLC now owns 8,403 shares of the savings and loans company’s stock valued at $460,000 after acquiring an additional 8,402 shares during the period. Finally, Creative Planning lifted its stake in shares of Southern Missouri Bancorp by 78.4% during the second quarter. Creative Planning now owns 19,891 shares of the savings and loans company’s stock valued at $1,090,000 after acquiring an additional 8,740 shares during the period. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.