Southern Missouri Bancorp (NASDAQ:SMBC) Earns Neutral Rating from Analysts at Piper Sandler

Key Points

• Piper Sandler has initiated coverage on Southern Missouri Bancorp with a neutral rating and a price target of $66.00, indicating a potential upside of 14.23% from its current price.
• Southern Missouri Bancorp reported earnings per share of $1.39 for the last quarter, exceeding analyst estimates of $1.23, with revenue surpassing expectations as well.
• Insider trading activity includes Director William E. Young selling 10,000 shares at an average price of $56.30, representing a decrease of 9.52% in their holdings.

Research analysts at Piper Sandler began coverage on shares of Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) in a report released on Thursday. The firm set a "neutral" rating and a $66.00 price target on the savings and loans company's stock. Piper Sandler's price target indicates a potential upside of 14.23% from the stock's current price.

Separately, Keefe, Bruyette & Woods upped their price objective on Southern Missouri Bancorp from $60.00 to $63.00 and gave the company a "market perform" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Southern Missouri Bancorp has an average rating of "Hold" and a consensus target price of $64.67.

Southern Missouri Bancorp Stock Up 0.1%

SMBC opened at $57.78 on Thursday. 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 12 month low of $45.10 and a 12 month high of $68.69. The stock has a market capitalization of $652.91 million, a price-to-earnings ratio of 11.15 and a beta of 1.03. The business has a 50-day moving average of $55.32 and a two-hundred day moving average of $54.14.

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

Insider Transactions at Southern Missouri Bancorp

In other news, Director William E. Young sold 10,000 shares of Southern Missouri Bancorp stock in a transaction on Monday, July 28th. The stock was sold at an average price of $56.30, for a total value of $563,000.00. Following the completion of the sale, the director directly owned 94,987 shares of the company's stock, valued at approximately $5,347,768.10. This trade represents a 9.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA bought a new stake in shares of Southern Missouri Bancorp in the second quarter valued at about $32,000. Raymond James Financial Inc. bought a new stake in Southern Missouri Bancorp in the second quarter valued at approximately $93,000. Strs Ohio bought a new stake in Southern Missouri Bancorp in the first quarter valued at approximately $94,000. Tower Research Capital LLC TRC grew its position in shares of Southern Missouri Bancorp by 720.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,608 shares of the savings and loans company's stock valued at $143,000 after purchasing an additional 2,290 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Southern Missouri Bancorp by 147.5% in 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 purchasing an additional 2,111 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.