Keefe, Bruyette & Woods Cuts Southern Missouri Bancorp (NASDAQ:SMBC) Price Target to $68.00

Southern Missouri Bancorp (NASDAQ:SMBC - Free Report) had its price objective decreased by Keefe, Bruyette & Woods from $70.00 to $68.00 in a research report released on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the savings and loans company's stock.

SMBC has been the topic of several other research reports. Piper Sandler raised their price target 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. Stephens reaffirmed an "overweight" rating and issued a $76.00 target price on shares of Southern Missouri Bancorp in a research report on Tuesday, January 28th.

Southern Missouri Bancorp Stock Down 2.2 %

Shares of NASDAQ:SMBC traded down $1.33 during trading on Thursday, reaching $57.86. 19,795 shares of the stock traded hands, compared to its average volume of 38,051. The stock has a market cap of $652.60 million, a P/E ratio of 12.69 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50-day moving average of $59.83 and a two-hundred day moving average of $57.84. Southern Missouri Bancorp has a 52-week low of $39.00 and a 52-week high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last posted its earnings results on Monday, February 3rd. The savings and loans company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.56% and a net margin of 17.72%. As a group, sell-side analysts expect that Southern Missouri Bancorp will post 4.75 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, February 14th. Southern Missouri Bancorp's dividend payout ratio (DPR) is presently 20.09%.

Insider Activity at Southern Missouri Bancorp

In related news, Director Douglas Bagby sold 7,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $59.08, for a total transaction of $413,560.00. Following the completion of the transaction, the director now directly owns 21,000 shares of the company's stock, valued at approximately $1,240,680. This represents a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC raised its stake in Southern Missouri Bancorp by 4.7% during the fourth 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 in the last quarter. SG Americas Securities LLC raised its position in shares of Southern Missouri Bancorp by 21.6% during the 4th quarter. SG Americas Securities LLC now owns 5,026 shares of the savings and loans company's stock valued at $288,000 after buying an additional 894 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Southern Missouri Bancorp by 249.1% in the 3rd 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 position in Southern Missouri Bancorp by 48.2% in the third 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 in the last quarter. Finally, Barclays PLC grew its position in Southern Missouri Bancorp by 90.4% in the third 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 currently owned by institutional investors.

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.