Southern Missouri Bancorp (NASDAQ:SMBC) Given New $72.00 Price Target at Stephens

Southern Missouri Bancorp (NASDAQ:SMBC) had its target price increased by Stephens from $70.00 to $72.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the savings and loans company’s stock.

Separately, Piper Sandler boosted their target price on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday.

Southern Missouri Bancorp Price Performance

Shares of SMBC opened at $58.68 on Wednesday. Southern Missouri Bancorp has a one year low of $39.00 and a one year high of $62.03. The stock’s fifty day moving average is $56.83 and its 200-day moving average is $49.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $661.91 million, a price-to-earnings ratio of 13.49 and a beta of 0.95.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.32%. The company had revenue of $74.55 million for the quarter, compared to analyst estimates of $42.48 million. Equities analysts anticipate that Southern Missouri Bancorp will post 4.9 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, November 15th. Southern Missouri Bancorp’s payout ratio is 21.15%.

Insider Activity

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

Several hedge funds and other institutional investors have recently made changes to their positions in SMBC. EntryPoint Capital LLC acquired a new stake in shares of Southern Missouri Bancorp during the first quarter valued at approximately $25,000. SG Americas Securities LLC purchased a new position in Southern Missouri Bancorp during the 3rd quarter worth approximately $233,000. XTX Topco Ltd acquired a new stake in Southern Missouri Bancorp during the 2nd quarter valued at $210,000. BNP Paribas Financial Markets lifted its holdings in shares of Southern Missouri Bancorp by 86.8% in the first quarter. BNP Paribas Financial Markets now owns 4,747 shares of the savings and loans company’s stock valued at $207,000 after purchasing an additional 2,206 shares in the last quarter. Finally, Triune Financial Partners LLC acquired a new stake in shares of Southern Missouri Bancorp in the third quarter worth $328,000. 49.49% of the stock is currently owned by institutional investors and hedge funds.

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.