Southern Missouri Bancorp’s (SMBC) Overweight Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a report released on Tuesday,Benzinga reports. They currently have a $76.00 price objective on the savings and loans company’s stock.

Separately, Piper Sandler upped their target price on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th.

Southern Missouri Bancorp Stock Down 0.5 %

Southern Missouri Bancorp stock opened at $58.73 on Tuesday. The company has a fifty day simple moving average of $59.97 and a 200 day simple moving average of $57.65. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. Southern Missouri Bancorp has a 1-year low of $39.00 and a 1-year high of $68.69. The company has a market cap of $662.47 million, a P/E ratio of 13.50 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its quarterly earnings data on Monday, February 3rd. The savings and loans company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. Research analysts anticipate that Southern Missouri Bancorp will post 4.75 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.23 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 1.57%. Southern Missouri Bancorp’s dividend payout ratio is presently 21.15%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC boosted its stake in shares of Southern Missouri Bancorp by 4.7% in the 4th quarter. Empowered Funds LLC now owns 20,844 shares of the savings and loans company’s stock valued at $1,196,000 after purchasing an additional 945 shares during the last quarter. SG Americas Securities LLC boosted its position in Southern Missouri Bancorp by 21.6% during the fourth quarter. SG Americas Securities LLC now owns 5,026 shares of the savings and loans company’s stock valued at $288,000 after acquiring an additional 894 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Southern Missouri Bancorp by 249.1% during the third quarter. JPMorgan Chase & Co. now owns 25,080 shares of the savings and loans company’s stock valued at $1,417,000 after acquiring an additional 17,895 shares during the last quarter. Franklin Resources Inc. grew its holdings in Southern Missouri Bancorp by 48.2% during the 3rd quarter. Franklin Resources Inc. now owns 104,175 shares of the savings and loans company’s stock worth $6,105,000 after acquiring an additional 33,902 shares during the period. Finally, Barclays PLC raised its position in shares of Southern Missouri Bancorp by 90.4% in the 3rd quarter. Barclays PLC now owns 25,273 shares of the savings and loans company’s stock worth $1,427,000 after acquiring an additional 11,996 shares in the last quarter. 49.49% of the stock is owned by institutional investors.

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.