Southern Missouri Bancorp (NASDAQ:SMBC) Price Target Raised to $72.00 at Stephens

Southern Missouri Bancorp (NASDAQ:SMBC) had its target price upped by Stephens from $70.00 to $72.00 in a report released on Wednesday, Benzinga reports. The firm currently has an overweight rating on the savings and loans company’s stock.

Separately, Piper Sandler upped their price objective on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday.

Southern Missouri Bancorp Trading Down 1.0 %

NASDAQ:SMBC opened at $58.68 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $661.91 million, a price-to-earnings ratio of 13.49 and a beta of 0.95. Southern Missouri Bancorp has a one year low of $39.00 and a one year high of $62.03. The business has a fifty day moving average price of $56.83 and a 200-day moving average price of $49.25.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). The company had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.32% and a net margin of 17.44%. Sell-side analysts forecast that Southern Missouri Bancorp will post 4.9 EPS for the current year.

Southern Missouri Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.57%. Southern Missouri Bancorp’s dividend payout ratio is presently 21.15%.

Insider Buying and Selling at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the sale, the director now directly owns 48,649 shares of the company’s stock, valued at $2,914,075.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director William E. Young sold 5,000 shares of Southern Missouri Bancorp stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.57, for a total value of $247,850.00. Following the sale, the director now directly owns 218,917 shares of the company’s stock, valued at approximately $10,851,715.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William E. Young sold 3,000 shares of Southern Missouri Bancorp stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $59.90, for a total value of $179,700.00. Following the completion of the sale, the director now directly owns 48,649 shares in the company, valued at $2,914,075.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On Southern Missouri Bancorp

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Southern Missouri Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 578,818 shares of the savings and loans company’s stock worth $25,300,000 after purchasing an additional 3,821 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 worth $15,947,000 after purchasing an additional 16,085 shares during the last quarter. Raffles Associates LP increased its holdings in shares of Southern Missouri Bancorp by 1.3% in the second quarter. Raffles Associates LP now owns 242,292 shares of the savings and loans company’s stock worth $10,906,000 after purchasing an additional 3,000 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Southern Missouri Bancorp by 23.2% in the second quarter. American Century Companies Inc. now owns 145,412 shares of the savings and loans company’s stock worth $6,545,000 after purchasing an additional 27,388 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Southern Missouri Bancorp by 8.2% in the second quarter. Renaissance Technologies LLC now owns 107,734 shares of the savings and loans company’s stock worth $4,849,000 after purchasing an additional 8,200 shares during the last quarter. 49.49% of the stock is owned by 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.