Southern Missouri Bancorp (NASDAQ:SMBC) Given New $63.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has raised the price target for Southern Missouri Bancorp (NASDAQ:SMBC) from $60.00 to $63.00, indicating a potential upside of 10.41% from the current price.
• Separately, Stephens maintains an "overweight" rating with a price objective of $65.00 for the company's shares.
• The company recently reported earnings of $1.39 per share, surpassing analyst expectations of $1.23, with revenues also exceeding estimates.
• Insider transactions include Director William E. Young selling 3,000 shares, which resulted in a 6.57% decrease in his position in the company.

Southern Missouri Bancorp (NASDAQ:SMBC - Free Report) had its price target raised by Keefe, Bruyette & Woods from $60.00 to $63.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a market perform rating on the savings and loans company's stock.

Separately, Stephens reiterated an "overweight" rating and issued a $65.00 target price on shares of Southern Missouri Bancorp in a report on Tuesday, April 22nd.

Southern Missouri Bancorp Price Performance

Shares of NASDAQ SMBC traded down $0.09 during mid-day trading on Friday, hitting $56.29. 7,702 shares of the company's stock traded hands, compared to its average volume of 34,430. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. Southern Missouri Bancorp has a 1 year low of $45.10 and a 1 year high of $68.69. The company has a market capitalization of $636.02 million, a P/E ratio of 10.87 and a beta of 0.98. The company's 50-day moving average is $54.53 and its two-hundred day moving average is $54.53.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The savings and loans company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.16. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.35%. The company had revenue of $47.61 million during the quarter, compared to the consensus estimate of $46.60 million. On average, equities analysts anticipate that Southern Missouri Bancorp will post 5.06 EPS for the current fiscal year.

Southern Missouri Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.78%. This is a boost from Southern Missouri Bancorp's previous quarterly dividend of $0.23. Southern Missouri Bancorp's payout ratio is presently 17.76%.

Insider Activity at Southern Missouri Bancorp

In other news, Director William E. Young sold 3,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $53.23, for a total value of $159,690.00. Following the completion of the transaction, the director owned 42,649 shares of the company's stock, valued at $2,270,206.27. The trade was a 6.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.60% of the stock is currently owned by insiders.

Institutional Trading of Southern Missouri Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Private Trust Co. NA bought a new position in shares of Southern Missouri Bancorp during the 2nd quarter valued at about $32,000. Assenagon Asset Management S.A. grew its stake in shares of Southern Missouri Bancorp by 98.9% in the second quarter. Assenagon Asset Management S.A. now owns 7,824 shares of the savings and loans company's stock worth $429,000 after acquiring an additional 3,891 shares during the last quarter. Strs Ohio acquired a new stake in shares of Southern Missouri Bancorp in the first quarter worth $94,000. Jane Street Group LLC acquired a new stake in Southern Missouri Bancorp during the first quarter worth $740,000. Finally, Empowered Funds LLC lifted its holdings in shares of Southern Missouri Bancorp by 8.2% during the first quarter. Empowered Funds LLC now owns 22,546 shares of the savings and loans company's stock valued at $1,173,000 after acquiring an additional 1,702 shares during the period. 49.49% of the stock is owned by institutional investors and hedge funds.

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.