Piper Sandler Has Lowered Expectations for Southern Missouri Bancorp (NASDAQ:SMBC) Stock Price

Southern Missouri Bancorp (NASDAQ:SMBC) had its price target reduced by investment analysts at Piper Sandler from $83.00 to $74.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the savings and loans company’s stock. Piper Sandler‘s price target points to a potential upside of 2.06% from the stock’s previous close.

SMBC has been the subject of a number of other reports. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. Keefe, Bruyette & Woods lifted their target price on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Raymond James Financial initiated coverage on Southern Missouri Bancorp in a report on Tuesday, September 1st. They set a “market perform” rating for the company. Finally, Hovde Group initiated coverage on shares of Southern Missouri Bancorp in a research report on Monday, October 5th. They set a “market perform” rating and a $76.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.50.

Southern Missouri Bancorp Price Performance

Shares of NASDAQ:SMBC opened at $72.50 on Monday. The firm has a market capitalization of $798.28 million, a P/E ratio of 10.69 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.99. Southern Missouri Bancorp has a 12 month low of $51.46 and a 12 month high of $79.86. The company’s fifty day moving average price is $72.40 and its 200 day moving average price is $72.20.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. Southern Missouri Bancorp had a net margin of 23.47% and a return on equity of 13.02%. The business had revenue of $53.09 million during the quarter, compared to the consensus estimate of $52.60 million. As a group, sell-side analysts predict that Southern Missouri Bancorp will post 6.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP acquired a new position in Southern Missouri Bancorp during the second quarter valued at $26,000. Royal Bank of Canada raised its holdings in Southern Missouri Bancorp by 124.7% during the first quarter. Royal Bank of Canada now owns 564 shares of the savings and loans company’s stock valued at $36,000 after buying an additional 313 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Southern Missouri Bancorp by 121.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,713 shares of the savings and loans company’s stock worth $121,000 after buying an additional 941 shares during the last quarter. Sterling Capital Management LLC grew its stake in Southern Missouri Bancorp by 1,964.5% in the 3rd quarter. Sterling Capital Management LLC now owns 3,778 shares of the savings and loans company’s stock valued at $268,000 after buying an additional 3,595 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Southern Missouri Bancorp in the second quarter valued at about $335,000. 49.49% of the stock is owned by hedge funds and other institutional investors.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank’s presence across Missouri and neighboring Midwestern and Southern markets.