Southern Missouri Bancorp (NASDAQ:SMBC) Price Target Raised to $65.00 at Keefe, Bruyette & Woods

Southern Missouri Bancorp (NASDAQ:SMBC) had its price target boosted by Keefe, Bruyette & Woods from $64.00 to $65.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a market perform rating on the savings and loans company’s stock.

A number of other equities research analysts also recently issued reports on SMBC. Weiss Ratings upgraded Southern Missouri Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Stephens restated an “overweight” rating and set a $73.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a research report on Friday, January 23rd. Finally, 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, January 26th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.67.

Southern Missouri Bancorp Price Performance

NASDAQ:SMBC opened at $67.21 on Thursday. 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 company has a market capitalization of $746.57 million, a P/E ratio of 11.63 and a beta of 0.92. Southern Missouri Bancorp has a 12 month low of $45.76 and a 12 month high of $68.19. The business’s 50-day moving average is $63.66 and its 200 day moving average is $59.04.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Friday, February 6th. The savings and loans company reported $1.61 earnings per share (EPS) for the quarter. Southern Missouri Bancorp had a return on equity of 11.92% and a net margin of 20.80%.The business had revenue of $49.65 million for the quarter. On average, equities research analysts forecast that Southern Missouri Bancorp will post 5.06 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, February 13th. Southern Missouri Bancorp’s dividend payout ratio is presently 17.30%.

Insider Buying and Selling at Southern Missouri Bancorp

In other news, Director Charles R. Love sold 580 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $64.00, for a total value of $37,120.00. Following the sale, the director directly owned 15,220 shares in the company, valued at approximately $974,080. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 15.81% of the company’s stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Southern Missouri Bancorp by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 432,463 shares of the savings and loans company’s stock worth $22,731,000 after buying an additional 4,037 shares during the period. FJ Capital Management LLC raised its holdings in shares of Southern Missouri Bancorp by 6.4% in the third quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company’s stock worth $15,818,000 after buying an additional 18,002 shares during the period. Clayton Financial Group LLC purchased a new stake in shares of Southern Missouri Bancorp in the fourth quarter worth approximately $16,579,000. State Street Corp raised its holdings in shares of Southern Missouri Bancorp by 29.2% in the fourth quarter. State Street Corp now owns 275,909 shares of the savings and loans company’s stock worth $16,312,000 after buying an additional 62,355 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Southern Missouri Bancorp by 10.3% in the third quarter. American Century Companies Inc. now owns 275,411 shares of the savings and loans company’s stock worth $14,476,000 after buying an additional 25,751 shares during the period. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

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.