Southern Missouri Bancorp (NASDAQ:SMBC) Price Target Raised to $63.00 at Keefe, Bruyette & Woods

Southern Missouri Bancorp (NASDAQ:SMBC) had its target price hoisted by Keefe, Bruyette & Woods from $61.00 to $63.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a market perform rating on the savings and loans company’s stock.

A number of other research firms have also recently commented on SMBC. Weiss Ratings cut shares of Southern Missouri Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Piper Sandler set a $60.50 target price on shares of Southern Missouri Bancorp and gave the stock a “neutral” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.83.

Southern Missouri Bancorp Price Performance

Southern Missouri Bancorp stock opened at $52.87 on Wednesday. Southern Missouri Bancorp has a 1 year low of $45.10 and a 1 year high of $68.69. The firm has a 50 day moving average price of $54.17 and a 200 day moving average price of $53.96. The company has a market cap of $596.90 million, a price-to-earnings ratio of 9.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Wednesday, November 10th. The savings and loans company reported $1.40 earnings per share (EPS) for the quarter. Southern Missouri Bancorp had a net margin of 19.86% and a return on equity of 11.74%. The firm had revenue of $30.15 million during the quarter. Sell-side analysts predict that Southern Missouri Bancorp will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.9%. Southern Missouri Bancorp’s dividend payout ratio is currently 18.32%.

Institutional Trading of Southern Missouri Bancorp

Several institutional investors have recently added to or reduced their stakes in SMBC. Private Trust Co. NA acquired a new stake in Southern Missouri Bancorp in the second quarter valued at $32,000. Raymond James Financial Inc. acquired a new stake in Southern Missouri Bancorp in the second quarter valued at $93,000. Strs Ohio acquired a new stake in Southern Missouri Bancorp in the first quarter valued at $94,000. Tower Research Capital LLC TRC raised its holdings in Southern Missouri Bancorp by 720.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,608 shares of the savings and loans company’s stock valued at $143,000 after acquiring an additional 2,290 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new stake in shares of Southern Missouri Bancorp during the first quarter worth $255,000. 49.49% of the stock is 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.