Southern Missouri Bancorp (NASDAQ:SMBC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Southern Missouri Bancorp (NASDAQ:SMBC) had its target price upped by research analysts at Keefe, Bruyette & Woods from $61.00 to $63.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 18.98% from the company’s current price.

A number of other research firms have also weighed in on SMBC. Piper Sandler set a $60.50 target price on shares of Southern Missouri Bancorp and gave the stock a “neutral” rating in a research note on Monday. Weiss Ratings lowered shares of Southern Missouri Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.83.

Southern Missouri Bancorp Trading Up 0.2%

SMBC opened at $52.95 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50 day simple moving average is $54.13 and its two-hundred day simple moving average is $53.95. Southern Missouri Bancorp has a 1-year low of $45.10 and a 1-year high of $68.69. The firm has a market capitalization of $597.81 million, a price-to-earnings ratio of 9.70 and a beta of 1.02.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Wednesday, November 10th. The savings and loans company reported $1.40 earnings per share for the quarter. Southern Missouri Bancorp had a net margin of 19.86% and a return on equity of 11.74%. The business had revenue of $30.15 million for the quarter. Analysts expect that Southern Missouri Bancorp will post 5.06 EPS for the current fiscal year.

Institutional Trading of Southern Missouri Bancorp

Institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Southern Missouri Bancorp by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock valued at $296,000 after purchasing an additional 234 shares during the period. Rhumbline Advisers raised its position in Southern Missouri Bancorp by 3.5% in the second quarter. Rhumbline Advisers now owns 15,136 shares of the savings and loans company’s stock valued at $829,000 after purchasing an additional 518 shares during the period. Private Trust Co. NA purchased a new stake in Southern Missouri Bancorp in the second quarter valued at approximately $32,000. Legal & General Group Plc raised its position in Southern Missouri Bancorp by 11.6% in the second quarter. Legal & General Group Plc now owns 9,250 shares of the savings and loans company’s stock valued at $507,000 after purchasing an additional 962 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Southern Missouri Bancorp by 10.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,226 shares of the savings and loans company’s stock valued at $532,000 after purchasing an additional 972 shares during the period. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.