Southern Missouri Bancorp (NASDAQ:SMBC) Given New $72.00 Price Target at Stephens

Southern Missouri Bancorp (NASDAQ:SMBC - Free Report) had its target price raised by Stephens from $70.00 to $72.00 in a research report report published on Wednesday morning, Benzinga reports. Stephens currently has an overweight rating on the savings and loans company's stock.

Separately, Piper Sandler lifted their price objective on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday.

Southern Missouri Bancorp Stock Up 2.6 %

Shares of NASDAQ:SMBC traded up $1.53 during midday trading on Wednesday, reaching $61.15. 34,623 shares of the company were exchanged, compared to its average volume of 30,344. The firm has a market cap of $689.77 million, a PE ratio of 13.87 and a beta of 0.96. Southern Missouri Bancorp has a fifty-two week low of $39.00 and a fifty-two week high of $62.03. The stock has a fifty day simple moving average of $56.72 and a two-hundred day simple moving average of $49.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.11 by ($0.01). The firm had revenue of $74.55 million during the quarter, compared to the consensus estimate of $42.48 million. Southern Missouri Bancorp had a net margin of 18.37% and a return on equity of 10.61%. As a group, sell-side analysts forecast that Southern Missouri Bancorp will post 4.7 earnings per share for the current year.

Southern Missouri Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 1.50%. Southern Missouri Bancorp's dividend payout ratio is presently 20.86%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of Southern Missouri Bancorp stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.57, for a total transaction of $247,850.00. Following the completion of the transaction, the director now directly owns 218,917 shares of the company's stock, valued at $10,851,715.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of the company's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $49.57, for a total value of $247,850.00. Following the transaction, the director now directly owns 218,917 shares of the company's stock, valued at $10,851,715.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William E. Young sold 500 shares of Southern Missouri Bancorp stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $52.37, for a total value of $26,185.00. Following the sale, the director now directly owns 223,917 shares of the company's stock, valued at $11,726,533.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 16.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers grew its stake in Southern Missouri Bancorp by 1.9% during the second quarter. Rhumbline Advisers now owns 14,347 shares of the savings and loans company's stock worth $646,000 after buying an additional 263 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Southern Missouri Bancorp during the 1st quarter worth $25,000. Creative Planning boosted its stake in Southern Missouri Bancorp by 20.9% in the third quarter. Creative Planning now owns 6,610 shares of the savings and loans company's stock valued at $373,000 after buying an additional 1,142 shares in the last quarter. Empowered Funds LLC raised its stake in Southern Missouri Bancorp by 7.4% during the first quarter. Empowered Funds LLC now owns 17,701 shares of the savings and loans company's stock worth $774,000 after acquiring an additional 1,225 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Southern Missouri Bancorp by 11.1% in the second quarter. Victory Capital Management Inc. now owns 20,000 shares of the savings and loans company's stock worth $900,000 after acquiring an additional 2,000 shares during 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.