Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Stock Has Average Price Target of $81.75

Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $79.50.

A number of research analysts have commented on SMBC shares. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Piper Sandler lowered their target price on Southern Missouri Bancorp from $83.00 to $74.00 and set a “neutral” rating for the company in a research note on Monday. Hovde Group started coverage on Southern Missouri Bancorp in a research report on Monday, October 5th. They set a “market perform” rating and a $76.00 target price for the company. Stephens lowered Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research note on Thursday, August 6th. Finally, Raymond James Financial began coverage on Southern Missouri Bancorp in a report on Tuesday, September 1st. They issued a “market perform” rating on the stock.

Southern Missouri Bancorp Price Performance

SMBC opened at $72.30 on Wednesday. Southern Missouri Bancorp has a one year low of $51.46 and a one year high of $79.86. The company’s 50 day simple moving average is $72.28 and its 200-day simple moving average is $69.38.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $53.09 million during the quarter, compared to analyst estimates of $52.60 million. On average, equities analysts anticipate that Southern Missouri Bancorp will post 6.64 EPS for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its holdings in Southern Missouri Bancorp by 1,964.5% in the third 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 period. Nisa Investment Advisors LLC boosted its stake in 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 valued at $121,000 after acquiring an additional 941 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Southern Missouri Bancorp during the 2nd quarter worth $335,000. Susquehanna Fundamental Investments LLC acquired a new stake in Southern Missouri Bancorp during the 2nd quarter worth $454,000. Finally, Hsbc Holdings PLC grew its holdings in Southern Missouri Bancorp by 33.6% during the 2nd quarter. Hsbc Holdings PLC now owns 19,595 shares of the savings and loans company’s stock worth $1,496,000 after acquiring an additional 4,924 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

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.