Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Southern Missouri Bancorp (NASDAQ:SMBC) Stock

Southern Missouri Bancorp (NASDAQ:SMBC) had its price objective raised by equities research analysts at Keefe, Bruyette & Woods from $75.00 to $83.00 in a research note issued to investors on Thursday,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 7.22% from the company’s previous close.

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

Southern Missouri Bancorp Price Performance

Shares of NASDAQ SMBC opened at $77.41 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 $852.75 million, a price-to-earnings ratio of 12.04 and a beta of 0.86. The business has a 50-day moving average of $73.79 and a 200-day moving average of $67.81.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.52 by $0.31. The business had revenue of $51.77 million for the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.72% and a net margin of 22.63%. On average, equities analysts anticipate that Southern Missouri Bancorp will post 6.9 EPS for the current fiscal year.

Insider Transactions at Southern Missouri Bancorp

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 value of $139,400.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 15.81% of the stock is owned by corporate insiders.

Institutional Trading of Southern Missouri Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Clayton Financial Group LLC acquired a new stake in Southern Missouri Bancorp in the fourth quarter valued at $16,579,000. State Street Corp boosted its stake in Southern Missouri Bancorp by 29.2% during the 4th quarter. State Street Corp now owns 275,909 shares of the savings and loans company’s stock valued at $16,312,000 after acquiring an additional 62,355 shares during the last quarter. Maltese Capital Management LLC acquired a new position in Southern Missouri Bancorp during the 4th quarter worth $3,554,000. AQR Capital Management LLC grew its holdings in Southern Missouri Bancorp by 533.2% during the 4th quarter. AQR Capital Management LLC now owns 62,362 shares of the savings and loans company’s stock worth $3,687,000 after acquiring an additional 52,513 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Southern Missouri Bancorp by 86.5% during the 3rd quarter. Millennium Management LLC now owns 100,724 shares of the savings and loans company’s stock worth $5,294,000 after acquiring an additional 46,730 shares in the last quarter. Institutional investors 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.