Southern Missouri Bancorp (NASDAQ:SMBC) Now Covered by Hovde Group

Hovde Group started coverage on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a research note released on Monday morning, Marketbeat Ratings reports. The firm issued a market perform rating and a $76.00 price objective on the savings and loans company’s stock.

Several other analysts also recently weighed in on the company. Piper Sandler reiterated a “neutral” rating and issued a $83.00 price objective (up from $79.00) on shares of Southern Missouri Bancorp in a research report on Monday, July 27th. Wall Street Zen upgraded shares of Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. Keefe, Bruyette & Woods lifted their target price on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Finally, Benchmark upgraded shares of Southern Missouri Bancorp to a “strong-buy” rating in a report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Southern Missouri Bancorp has an average rating of “Hold” and an average price target of $81.75.

Southern Missouri Bancorp Stock Down 1.0%

SMBC opened at $71.90 on Monday. The company has a market cap of $791.62 million, a P/E ratio of 11.18 and a beta of 0.87. The business’s 50-day moving average price is $74.42 and its 200-day moving average price is $71.48. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. Southern Missouri Bancorp has a 12 month low of $47.60 and a 12 month high of $79.86.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.31. The company had revenue of $51.76 million during the quarter, compared to analyst estimates of $51.14 million. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%. On average, equities analysts expect that Southern Missouri Bancorp will post 6.78 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. Southern Missouri Bancorp’s dividend payout ratio is currently 16.80%.

Institutional Investors Weigh In On Southern Missouri Bancorp

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Southern Missouri Bancorp during the second quarter valued at approximately $85,270,000. Dimensional Fund Advisors LP boosted its holdings in Southern Missouri Bancorp by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company’s stock valued at $28,187,000 after acquiring an additional 11,946 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Southern Missouri Bancorp in the second quarter valued at $18,079,000. Raffles Associates LP purchased a new position in Southern Missouri Bancorp during the 2nd quarter valued at $16,092,000. Finally, ACR Alpine Capital Research LLC increased its position in Southern Missouri Bancorp by 4.0% during the 1st quarter. ACR Alpine Capital Research LLC now owns 94,707 shares of the savings and loans company’s stock valued at $6,056,000 after purchasing an additional 3,675 shares during the period. 49.49% of the stock is currently owned by institutional investors.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. It operates primarily through Southern Bank, a community-focused financial institution that provides banking services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, and commercial loans. Its services also include online and mobile banking, treasury and cash-management solutions, and other financial products designed to support personal and business customers.

The bank traces its history to 1887 and serves communities across Missouri and neighboring markets through a network of banking offices and digital channels.