Keefe, Bruyette & Woods Lowers Southern Missouri Bancorp (NASDAQ:SMBC) Price Target to $68.00

Southern Missouri Bancorp (NASDAQ:SMBC) had its target price dropped by equities research analysts at Keefe, Bruyette & Woods from $70.00 to $68.00 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 indicates a potential upside of 14.79% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Piper Sandler upped their price objective on Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Stephens reissued an “overweight” rating and issued a $76.00 price objective on shares of Southern Missouri Bancorp in a research note on Tuesday.

Southern Missouri Bancorp Trading Up 0.3 %

Shares of SMBC opened at $59.24 on Thursday. Southern Missouri Bancorp has a 1 year low of $39.00 and a 1 year high of $68.69. The company has a 50 day simple moving average of $60.10 and a two-hundred day simple moving average of $57.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $668.23 million, a P/E ratio of 13.62 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its quarterly earnings data on Monday, February 3rd. The savings and loans company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. On average, equities analysts expect that Southern Missouri Bancorp will post 4.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southern Missouri Bancorp

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Southern Missouri Bancorp by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company’s stock valued at $15,947,000 after purchasing an additional 16,085 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Southern Missouri Bancorp by 94.8% during the second quarter. Squarepoint Ops LLC now owns 13,111 shares of the savings and loans company’s stock worth $590,000 after buying an additional 6,381 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Southern Missouri Bancorp in the 3rd quarter valued at $233,000. Creative Planning raised its holdings in shares of Southern Missouri Bancorp by 20.9% during the 3rd quarter. Creative Planning now owns 6,610 shares of the savings and loans company’s stock worth $373,000 after acquiring an additional 1,142 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Southern Missouri Bancorp by 103.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock valued at $2,084,000 after acquiring an additional 18,756 shares during the last quarter. 49.49% of the stock is currently owned by hedge funds and other institutional investors.

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.