Stephens Reaffirms "Overweight" Rating for Southern Missouri Bancorp (NASDAQ:SMBC)

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report)'s stock had its "overweight" rating reissued by stock analysts at Stephens in a research report issued on Tuesday,Benzinga reports. They currently have a $65.00 price target on the savings and loans company's stock. Stephens' price objective would suggest a potential upside of 23.32% from the company's previous close.

Separately, Keefe, Bruyette & Woods lowered their target price on shares of Southern Missouri Bancorp from $70.00 to $68.00 and set a "market perform" rating for the company in a research note on Thursday, January 30th.

Southern Missouri Bancorp Trading Down 0.5 %

Shares of SMBC stock traded down $0.29 during trading hours on Tuesday, reaching $52.71. The company had a trading volume of 16,786 shares, compared to its average volume of 33,494. Southern Missouri Bancorp has a 1-year low of $39.00 and a 1-year high of $68.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $630.36 million, a price-to-earnings ratio of 11.51 and a beta of 0.88. The company has a 50 day moving average of $52.79 and a 200 day moving average of $57.84.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its earnings results on Monday, April 21st. The savings and loans company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.08. The firm had revenue of $46.15 million for the quarter, compared to analysts' expectations of $45.33 million. Southern Missouri Bancorp had a return on equity of 10.45% and a net margin of 17.72%. On average, equities research analysts anticipate that Southern Missouri Bancorp will post 5.06 EPS for the current year.

Insider Buying and Selling at Southern Missouri Bancorp

In related news, Director Douglas Bagby sold 7,000 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $59.08, for a total value of $413,560.00. Following the sale, the director now directly owns 21,000 shares of the company's stock, valued at approximately $1,240,680. The trade was a 25.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.60% of the company's stock.

Institutional Trading of Southern Missouri Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Southern Missouri Bancorp during the fourth quarter worth about $74,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Southern Missouri Bancorp in the fourth quarter valued at approximately $138,000. Lazard Asset Management LLC lifted 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 worth $202,000 after purchasing an additional 2,111 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Southern Missouri Bancorp during the fourth quarter worth $220,000. Finally, GAMMA Investing LLC grew its position in Southern Missouri Bancorp by 7,404.9% in the first quarter. GAMMA Investing LLC now owns 4,578 shares of the savings and loans company's stock valued at $238,000 after purchasing an additional 4,517 shares in the last quarter. 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.