Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Stock Has Average Target Price of $83.67 According to Brokerages

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $83.67.

Several research analysts recently issued reports on SMBC shares. Piper Sandler reissued a “neutral” rating and set a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. Wall Street Zen upgraded Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Raymond James Financial began coverage on shares of Southern Missouri Bancorp in a research report on Tuesday, September 1st. They set a “market perform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods increased their price objective on Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, July 30th.

Hedge Funds Weigh In On Southern Missouri Bancorp

Institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Southern Missouri Bancorp during the 2nd quarter valued at $85,270,000. The Manufacturers Life Insurance Company bought a new position in Southern Missouri Bancorp during the 2nd quarter valued at approximately $18,079,000. Raffles Associates LP purchased a new stake in Southern Missouri Bancorp in the second quarter worth $16,092,000. Maltese Capital Management LLC purchased a new stake in shares of Southern Missouri Bancorp in the 4th quarter worth about $3,554,000. Finally, Empowered Funds LLC purchased a new stake in Southern Missouri Bancorp in the second quarter worth about $3,512,000. 49.49% of the stock is currently owned by institutional investors.

Southern Missouri Bancorp Stock Performance

Shares of NASDAQ:SMBC opened at $72.26 on Friday. The company’s 50 day moving average price is $75.06 and its two-hundred day moving average price is $70.99. Southern Missouri Bancorp has a 12-month low of $47.60 and a 12-month high of $79.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. The firm has a market cap of $795.58 million, a PE ratio of 11.24 and a beta of 0.85.

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

Southern Missouri Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, August 14th. Southern Missouri Bancorp’s dividend payout ratio (DPR) is 16.80%.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is the bank holding company for Southern Bank, a community banking institution headquartered in Poplar Bluff, Missouri. Through Southern Bank, the company provides banking and financial services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, mortgage services, and treasury management solutions. Customers also have access to digital banking, online bill pay, mobile banking, and other standard personal and business banking services.

Southern Bank traces its history to 1887 and serves communities primarily in Missouri and neighboring areas, including parts of Arkansas.