Southern Missouri Bancorp (NASDAQ:SMBC) Stock Gets Price Target Cut from Piper Sandler

Southern Missouri Bancorp (NASDAQ:SMBC) had its price objective lowered by Piper Sandler from $83.00 to $74.00 in a report released on Monday,Benzinga reports. The firm currently has a neutral rating on the savings and loans company’s stock.

Several other equities research analysts have also recently weighed in on SMBC. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research report on Tuesday, September 1st. Keefe, Bruyette & Woods boosted their target price on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Stephens cut shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research report on Thursday, August 6th. Raymond James Financial assumed coverage on shares of Southern Missouri Bancorp in a research report on Tuesday, September 1st. They set a “market perform” rating on the stock. Finally, Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Southern Missouri Bancorp currently has a consensus rating of “Hold” and an average target price of $79.50.

Southern Missouri Bancorp Stock Down 0.4%

Shares of NASDAQ:SMBC opened at $72.02 on Monday. The firm has a market cap of $793.16 million, a P/E ratio of 10.62 and a beta of 0.87. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. Southern Missouri Bancorp has a 12-month low of $51.46 and a 12-month high of $79.86. The business has a fifty day simple moving average of $72.20 and a 200 day simple moving average of $69.44.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. Southern Missouri Bancorp had a return on equity of 13.02% and a net margin of 23.47%. The firm had revenue of $53.09 million for the quarter, compared to the consensus estimate of $52.60 million. Analysts predict that Southern Missouri Bancorp will post 6.64 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 13th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is 15.93%.

Institutional Trading of Southern Missouri Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its stake in shares of Southern Missouri Bancorp by 1,964.5% in the third quarter. Sterling Capital Management LLC now owns 3,778 shares of the savings and loans company’s stock valued at $268,000 after buying an additional 3,595 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Southern Missouri Bancorp by 121.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,713 shares of the savings and loans company’s stock valued at $121,000 after buying an additional 941 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Southern Missouri Bancorp during the second quarter worth about $335,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Southern Missouri Bancorp during the second quarter worth about $454,000. Finally, Hsbc Holdings PLC increased its position in shares of Southern Missouri Bancorp by 33.6% during the second quarter. Hsbc Holdings PLC now owns 19,595 shares of the savings and loans company’s stock worth $1,496,000 after acquiring an additional 4,924 shares in the last quarter. Institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank’s presence across Missouri and neighboring Midwestern and Southern markets.