Southern Missouri Bancorp (NASDAQ:SMBC) Price Target Raised to $64.00 at Keefe, Bruyette & Woods

Southern Missouri Bancorp (NASDAQ:SMBC) had its price target lifted by investment analysts at Keefe, Bruyette & Woods from $63.00 to $64.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 5.47% from the stock’s current price.

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

Southern Missouri Bancorp Stock Performance

NASDAQ:SMBC opened at $60.68 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. Southern Missouri Bancorp has a one year low of $45.10 and a one year high of $65.64. The business’s 50-day simple moving average is $59.51 and its 200 day simple moving average is $56.19. The stock has a market cap of $679.62 million, a price-to-earnings ratio of 10.50 and a beta of 0.98.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Southern Missouri Bancorp had a return on equity of 12.04% and a net margin of 20.80%.The firm had revenue of $49.65 million during the quarter, compared to analyst estimates of $49.79 million. As a group, sell-side analysts predict that Southern Missouri Bancorp will post 5.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Southern Missouri Bancorp

In related news, Director William E. Young sold 1,500 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $53.87, for a total transaction of $80,805.00. Following the sale, the director owned 93,552 shares in the company, valued at $5,039,646.24. This represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Southern Missouri Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new stake in shares of Southern Missouri Bancorp during the 2nd quarter worth approximately $32,000. Quarry LP acquired a new stake in Southern Missouri Bancorp in the third quarter worth $66,000. Raymond James Financial Inc. bought a new stake in Southern Missouri Bancorp in the second quarter valued at $93,000. Strs Ohio bought a new stake in Southern Missouri Bancorp in the first quarter valued at $94,000. Finally, Aquatic Capital Management LLC boosted its holdings in shares of Southern Missouri Bancorp by 140.8% during the third quarter. Aquatic Capital Management LLC now owns 1,946 shares of the savings and loans company’s stock valued at $102,000 after acquiring an additional 1,138 shares during the period. 49.49% of the stock is currently owned by institutional investors and hedge funds.

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.