Keefe, Bruyette & Woods Issues Positive Forecast for Southern Missouri Bancorp (NASDAQ:SMBC) Stock Price

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

Other equities research analysts have also issued reports about the stock. Stephens restated an “overweight” rating and set a $73.00 target price (up from $71.00) on shares of Southern Missouri Bancorp in a research report on Friday. Piper Sandler restated a “neutral” rating and set a $68.00 price objective (up from $61.00) on shares of Southern Missouri Bancorp in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Southern Missouri Bancorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.33.

Southern Missouri Bancorp Trading Up 0.8%

NASDAQ:SMBC opened at $61.15 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The firm has a market cap of $684.88 million, a P/E ratio of 10.58 and a beta of 0.98. The stock’s 50 day simple moving average is $59.67 and its 200-day simple moving average is $56.23. Southern Missouri Bancorp has a 12-month low of $45.10 and a 12-month high of $65.64.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. Southern Missouri Bancorp had a net margin of 20.80% and a return on equity of 12.04%. The company had revenue of $49.65 million during the quarter, compared to the consensus estimate of $49.79 million. Equities analysts anticipate that Southern Missouri Bancorp will post 5.06 EPS for the current year.

Southern Missouri Bancorp Dividend Announcement

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

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $53.87, for a total value of $80,805.00. Following the completion of the transaction, the director directly owned 93,552 shares of the company’s stock, valued at $5,039,646.24. This represents a 1.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC acquired a new stake in shares of Southern Missouri Bancorp during the 3rd quarter valued at approximately $592,000. Squarepoint Ops LLC bought a new stake in Southern Missouri Bancorp in the 2nd quarter valued at about $996,000. Geode Capital Management LLC raised its holdings 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 valued at $12,638,000 after buying an additional 10,802 shares during the last quarter. AlphaQuest LLC raised its stake in Southern Missouri Bancorp by 840,200.0% during the 2nd 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 in the last quarter. Finally, Creative Planning raised its position in shares of Southern Missouri Bancorp by 78.4% during the 2nd quarter. Creative Planning now owns 19,891 shares of the savings and loans company’s stock worth $1,090,000 after buying an additional 8,740 shares in the last quarter. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

About Southern Missouri Bancorp

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.