Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Stock Has Consensus Price Target of $83.67 According to Brokerages

Key Points

• Analyst sentiment is moderately positive: Six brokerages give Southern Missouri Bancorp a consensus “Moderate Buy” rating, with an average 12-month price target of $83.67 versus its reported share price of $72.26.
• The company exceeded quarterly expectations, reporting $1.83 in earnings per share compared with the $1.52 consensus estimate, while revenue reached $51.76 million.
• Southern Missouri Bancorp increased its quarterly dividend to $0.27 per share, equivalent to $1.08 annually and a 1.5% yield; institutional investors own approximately 49.5% of the stock.

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $83.67.

A number of equities research analysts have weighed in on the company. Stephens lowered Southern Missouri Bancorp from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective for the company. in a report on Thursday, August 6th. Benchmark raised Southern Missouri Bancorp to a "strong-buy" rating in a research report on Wednesday. Weiss Ratings restated a "buy (b)" rating on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. Raymond James Financial assumed coverage on Southern Missouri Bancorp in a report on Tuesday, September 1st. They issued a "market perform" rating on the stock. Finally, Piper Sandler restated a "neutral" rating and set a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a report on Monday, July 27th.

Southern Missouri Bancorp Stock Performance

Shares of SMBC stock opened at $72.26 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.99. Southern Missouri Bancorp has a 12 month low of $47.60 and a 12 month high of $79.86. The company's fifty day moving average price is $75.06 and its two-hundred day moving average price is $70.99. The firm has a market capitalization of $795.58 million, a P/E ratio of 11.24 and a beta of 0.85.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.31. The business had revenue of $51.76 million during the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%. On average, research analysts anticipate that Southern Missouri Bancorp will post 6.78 earnings per share for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were issued a $0.27 dividend. This is a positive change from Southern Missouri Bancorp's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.08 annualized dividend and a yield of 1.5%. Southern Missouri Bancorp's payout ratio is currently 16.80%.

Institutional Trading of Southern Missouri Bancorp

Institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in shares of Southern Missouri Bancorp during the second quarter worth approximately $1,439,000. Hsbc Holdings PLC bought a new stake in shares of Southern Missouri Bancorp during the second quarter worth $1,496,000. The Manufacturers Life Insurance Company bought a new position in shares of Southern Missouri Bancorp during the second quarter worth about $18,079,000. Bank of New York Mellon Corp acquired a new stake in Southern Missouri Bancorp in the 2nd quarter valued at $3,461,000. Finally, Commerce Bank acquired a new position in Southern Missouri Bancorp during the second quarter valued at approximately $1,685,000. Institutional investors and hedge funds own 49.49% of the company's stock.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc is the bank holding company for Southern Bank, a community banking institution headquartered in Poplar Bluff, Missouri. Through Southern Bank, the company provides banking and financial services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, mortgage services, and treasury management solutions. Customers also have access to digital banking, online bill pay, mobile banking, and other standard personal and business banking services.

Southern Bank traces its history to 1887 and serves communities primarily in Missouri and neighboring areas, including parts of Arkansas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.