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

Southern Missouri Bancorp (NASDAQ:SMBC) had its target price increased by investment analysts at Keefe, Bruyette & Woods from $63.00 to $64.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 5.51% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Southern Missouri Bancorp in a research report on Monday, December 29th. Piper Sandler restated a “neutral” rating and issued a $68.00 price target (up from $61.00) on shares of Southern Missouri Bancorp in a research note on Monday. Finally, Stephens reiterated an “overweight” rating and issued a $73.00 price objective (up previously from $71.00) on shares of Southern Missouri Bancorp in a research report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.33.

Southern Missouri Bancorp Stock Down 0.8%

Shares of Southern Missouri Bancorp stock opened at $60.66 on Tuesday. Southern Missouri Bancorp has a one year low of $45.10 and a one year high of $65.64. The company has a market cap of $679.39 million, a P/E ratio of 10.49 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average of $59.82 and a two-hundred day moving average of $56.26.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Wednesday, January 21st. The savings and loans company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The business had revenue of $49.65 million for the quarter, compared to the consensus estimate of $49.79 million. Southern Missouri Bancorp had a net margin of 20.80% and a return on equity of 12.04%. On average, analysts forecast that Southern Missouri Bancorp will post 5.06 earnings per share for the current year.

Insider Activity 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 value of $80,805.00. Following the sale, the director directly owned 93,552 shares of the company’s stock, valued at approximately $5,039,646.24. This represents a 1.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.81% of the stock is owned by corporate insiders.

Institutional Trading of Southern Missouri Bancorp

Several large investors have recently modified their holdings of the business. Private Trust Co. NA acquired a new position in shares of Southern Missouri Bancorp during the 2nd quarter worth approximately $32,000. Quarry LP purchased a new position in Southern Missouri Bancorp during the third quarter worth $66,000. Raymond James Financial Inc. acquired a new position in shares of Southern Missouri Bancorp in the second quarter worth $93,000. Strs Ohio purchased a new stake in shares of Southern Missouri Bancorp in the first quarter valued at $94,000. Finally, Aquatic Capital Management LLC boosted its stake 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 last quarter. 49.49% of the stock is currently owned by institutional investors and hedge funds.

About Southern Missouri Bancorp

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.