Southern Missouri Bancorp (NASDAQ:SMBC) Given New $65.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised its price target on Southern Missouri Bancorp to $65.00 from $64.00 and rates the stock as "market perform," a target that implies about a 3.2% downside from the prior close.
• Other analysts have also increased targets (Piper Sandler $68, Stephens $73) and Weiss upgraded to "buy," leaving a MarketBeat consensus of a Moderate Buy with a consensus price target of $68.67.
• SMBC shares traded around $67.15 on heightened volume after reporting quarterly EPS of $1.61 and revenue of $49.65 million; the stock has a market cap of about $746 million and a trailing P/E of 11.6.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) had its target price raised by equities research analysts at Keefe, Bruyette & Woods from $64.00 to $65.00 in a report released on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the savings and loans company's stock. Keefe, Bruyette & Woods' price target suggests a potential downside of 3.19% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Piper Sandler reiterated a "neutral" rating and issued a $68.00 price objective (up from $61.00) on shares of Southern Missouri Bancorp in a report on Monday, January 26th. Stephens reiterated an "overweight" rating and issued a $73.00 price objective (up from $71.00) on shares of Southern Missouri Bancorp in a report on Friday, January 23rd. Finally, Weiss Ratings upgraded Southern Missouri Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.67.

Southern Missouri Bancorp Trading Down 0.2%

Shares of SMBC stock traded down $0.12 on Thursday, reaching $67.15. 263,349 shares of the stock were exchanged, compared to its average volume of 64,068. The stock has a market cap of $745.98 million, a PE ratio of 11.59 and a beta of 0.92. Southern Missouri Bancorp has a one year low of $45.76 and a one year high of $68.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50 day moving average price of $63.55 and a 200 day moving average price of $58.99.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last released its earnings results on Friday, February 6th. The savings and loans company reported $1.61 earnings per share for the quarter. The company had revenue of $49.65 million during the quarter. Southern Missouri Bancorp had a return on equity of 11.92% and a net margin of 20.80%. Equities research analysts forecast that Southern Missouri Bancorp will post 5.06 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles R. Love sold 580 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $64.00, for a total value of $37,120.00. Following the completion of the sale, the director owned 15,220 shares in the company, valued at approximately $974,080. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 15.81% 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. Dimensional Fund Advisors LP grew its stake in Southern Missouri Bancorp by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 432,463 shares of the savings and loans company's stock valued at $22,731,000 after acquiring an additional 4,037 shares during the period. FJ Capital Management LLC grew its stake in Southern Missouri Bancorp by 6.4% in the third quarter. FJ Capital Management LLC now owns 300,944 shares of the savings and loans company's stock valued at $15,818,000 after acquiring an additional 18,002 shares during the period. Clayton Financial Group LLC acquired a new position in Southern Missouri Bancorp in the fourth quarter valued at about $16,579,000. State Street Corp grew its stake in Southern Missouri Bancorp by 29.2% in the fourth quarter. State Street Corp now owns 275,909 shares of the savings and loans company's stock valued at $16,312,000 after acquiring an additional 62,355 shares during the period. Finally, American Century Companies Inc. grew its stake in Southern Missouri Bancorp by 10.3% in the third quarter. American Century Companies Inc. now owns 275,411 shares of the savings and loans company's stock valued at $14,476,000 after acquiring an additional 25,751 shares during the period. 49.49% of the stock is owned by institutional investors and hedge funds.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc NASDAQ: SMBC is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.

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