Piper Sandler Forecasts Strong Price Appreciation for Southern Missouri Bancorp (NASDAQ:SMBC) Stock

Southern Missouri Bancorp (NASDAQ:SMBC) had its price objective upped by Piper Sandler from $62.00 to $66.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the savings and loans company’s stock.

Separately, Stephens started coverage on shares of Southern Missouri Bancorp in a research note on Tuesday, August 13th. They set an “overweight” rating and a $60.00 target price on the stock.

Southern Missouri Bancorp Trading Down 1.0 %

SMBC stock opened at $58.68 on Wednesday. The company’s 50-day simple moving average is $56.83 and its 200-day simple moving average is $49.25. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. Southern Missouri Bancorp has a 52-week low of $39.00 and a 52-week high of $62.03. The firm has a market cap of $661.91 million, a P/E ratio of 13.49 and a beta of 0.95.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). Southern Missouri Bancorp had a return on equity of 10.32% and a net margin of 17.44%. The firm had revenue of $74.55 million for the quarter, compared to analysts’ expectations of $42.48 million. As a group, equities analysts forecast that Southern Missouri Bancorp will post 4.9 EPS for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 1.57%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 21.15%.

Insider Buying and Selling

In related news, Director William E. Young sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $59.90, for a total transaction of $179,700.00. Following the completion of the transaction, the director now owns 48,649 shares in the company, valued at $2,914,075.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $59.90, for a total value of $179,700.00. Following the completion of the sale, the director now owns 48,649 shares in the company, valued at approximately $2,914,075.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William E. Young sold 5,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $49.57, for a total transaction of $247,850.00. Following the completion of the sale, the director now owns 218,917 shares of the company’s stock, valued at approximately $10,851,715.69. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 16.60% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new stake in Southern Missouri Bancorp in the 1st quarter valued at about $25,000. SG Americas Securities LLC acquired a new stake in Southern Missouri Bancorp in the 3rd quarter valued at about $233,000. XTX Topco Ltd acquired a new stake in shares of Southern Missouri Bancorp during the 2nd quarter worth approximately $210,000. BNP Paribas Financial Markets increased its holdings in shares of Southern Missouri Bancorp by 86.8% during the 1st quarter. BNP Paribas Financial Markets now owns 4,747 shares of the savings and loans company’s stock worth $207,000 after buying an additional 2,206 shares during the last quarter. Finally, Triune Financial Partners LLC acquired a new stake in shares of Southern Missouri Bancorp during the 3rd quarter worth approximately $328,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

About Southern Missouri Bancorp

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.