Keefe, Bruyette & Woods Boosts Southern Missouri Bancorp (NASDAQ:SMBC) Price Target to $63.00

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 - Get Free Report) had its price objective raised by stock analysts at Keefe, Bruyette & Woods from $60.00 to $63.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "market perform" rating on the savings and loans company's stock. Keefe, Bruyette & Woods' target price points to a potential upside of 10.41% from the stock's current price.

Separately, Stephens restated an "overweight" rating and set a $65.00 price objective on shares of Southern Missouri Bancorp in a research note on Tuesday, April 22nd.

Southern Missouri Bancorp Trading Up 1.0%

SMBC opened at $57.06 on Friday. The stock has a market capitalization of $644.77 million, a P/E ratio of 11.02 and a beta of 0.98. Southern Missouri Bancorp has a 12 month low of $45.10 and a 12 month high of $68.69. The firm's fifty day simple moving average is $54.46 and its 200 day simple moving average is $54.51. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24.

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

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $53.23, for a total value of $159,690.00. Following the transaction, the director directly owned 42,649 shares of the company's stock, valued at $2,270,206.27. This represents a 6.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Southern Missouri Bancorp

Several large investors have recently made changes to their positions in SMBC. Quantbot Technologies LP acquired a new position in shares of Southern Missouri Bancorp during the fourth quarter worth $74,000. Strs Ohio purchased a new stake in shares of Southern Missouri Bancorp in the first quarter worth approximately $94,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Southern Missouri Bancorp in the fourth quarter worth approximately $138,000. Lazard Asset Management LLC increased its position in shares of Southern Missouri Bancorp by 147.5% during the fourth quarter. Lazard Asset Management LLC now owns 3,542 shares of the savings and loans company's stock valued at $202,000 after acquiring an additional 2,111 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Southern Missouri Bancorp during the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 49.49% of the company's stock.

About Southern Missouri Bancorp

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.

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