Keefe, Bruyette & Woods Increases Southern Missouri Bancorp (NASDAQ:SMBC) Price Target to $83.00

Southern Missouri Bancorp (NASDAQ:SMBC) had its price objective hoisted by equities research analysts at Keefe, Bruyette & Woods from $75.00 to $83.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 5.99% from the stock’s current price.

A number of other research firms also recently issued reports on SMBC. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Thursday, June 4th. Piper Sandler reissued a “neutral” rating and issued a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday. Finally, Stephens restated an “overweight” rating and set a $76.00 target price (up from $72.00) on shares of Southern Missouri Bancorp in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Southern Missouri Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Southern Missouri Bancorp Stock Performance

NASDAQ SMBC opened at $78.31 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. Southern Missouri Bancorp has a 1 year low of $47.60 and a 1 year high of $79.39. The company has a market capitalization of $862.98 million, a PE ratio of 12.18 and a beta of 0.86. The company has a fifty day moving average of $73.46 and a two-hundred day moving average of $67.62.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.31. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%.The company had revenue of $51.77 million for the quarter, compared to analyst estimates of $51.14 million. As a group, analysts expect that Southern Missouri Bancorp will post 6.9 earnings per share for the current year.

Insider Buying and Selling

In other Southern Missouri Bancorp news, EVP Richard Windes sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $69.70, for a total transaction of $139,400.00. Following the completion of the sale, the executive vice president directly owned 5,375 shares of the company’s stock, valued at $374,637.50. This represents a 27.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in shares of Southern Missouri Bancorp by 122.9% during the first quarter. AQR Capital Management LLC now owns 9,623 shares of the savings and loans company’s stock worth $501,000 after purchasing an additional 5,306 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Southern Missouri Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,681 shares of the savings and loans company’s stock worth $296,000 after buying an additional 234 shares during the last quarter. Empowered Funds LLC raised its position in Southern Missouri Bancorp by 8.2% during the 1st quarter. Empowered Funds LLC now owns 22,546 shares of the savings and loans company’s stock worth $1,173,000 after buying an additional 1,702 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Southern Missouri Bancorp in the 1st quarter worth $740,000. Finally, Strs Ohio purchased a new stake in shares of Southern Missouri Bancorp in the first quarter valued at about $94,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

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.