Hovde Group Initiates Coverage on Southern Missouri Bancorp (NASDAQ:SMBC)

Stock analysts at Hovde Group assumed coverage on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage set a “market perform” rating and a $76.00 price target on the savings and loans company’s stock. Hovde Group’s price objective would indicate a potential upside of 6.13% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Stephens cut shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a research note on Thursday, August 6th. Wall Street Zen raised Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. Benchmark upgraded Southern Missouri Bancorp to a “strong-buy” rating in a research report on Wednesday, September 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Southern Missouri Bancorp currently has an average rating of “Hold” and a consensus target price of $81.75.

Southern Missouri Bancorp Trading Down 0.4%

NASDAQ:SMBC opened at $71.61 on Monday. Southern Missouri Bancorp has a 1 year low of $47.60 and a 1 year high of $79.86. The stock’s fifty day moving average price is $74.27 and its two-hundred day moving average price is $71.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $788.43 million, a P/E ratio of 11.14 and a beta of 0.87.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.31. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%.The company had revenue of $51.76 million for the quarter, compared to analyst estimates of $51.14 million. As a group, analysts expect that Southern Missouri Bancorp will post 6.78 EPS for the current year.

Hedge Funds Weigh In On Southern Missouri Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in shares of Southern Missouri Bancorp during the 2nd quarter valued at about $335,000. Susquehanna Fundamental Investments LLC purchased a new stake in Southern Missouri Bancorp in the second quarter worth approximately $454,000. Hsbc Holdings PLC grew its position in Southern Missouri Bancorp by 33.6% during the second quarter. Hsbc Holdings PLC now owns 19,595 shares of the savings and loans company’s stock valued at $1,496,000 after acquiring an additional 4,924 shares during the last quarter. Empowered Funds LLC bought a new position in Southern Missouri Bancorp during the second quarter valued at approximately $3,512,000. Finally, Bank of America Corp DE purchased a new position in shares of Southern Missouri Bancorp during the second quarter worth approximately $1,629,000. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. It operates primarily through Southern Bank, a community-focused financial institution that provides banking services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, and commercial loans. Its services also include online and mobile banking, treasury and cash-management solutions, and other financial products designed to support personal and business customers.

The bank traces its history to 1887 and serves communities across Missouri and neighboring markets through a network of banking offices and digital channels.