Southern Missouri Bancorp (NASDAQ:SMBC) Given Overweight Rating at Stephens

Stephens reissued their overweight rating on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $76.00 target price on the savings and loans company’s stock.

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

Southern Missouri Bancorp Trading Up 1.7 %

NASDAQ:SMBC opened at $59.08 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day simple moving average is $60.21 and its 200-day simple moving average is $57.64. Southern Missouri Bancorp has a fifty-two week low of $39.00 and a fifty-two week high of $68.69. The stock has a market capitalization of $666.42 million, a PE ratio of 13.58 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings results 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 net margin of 17.44% and a return on equity of 10.18%. Sell-side analysts expect that Southern Missouri Bancorp will post 4.75 earnings per share for the current fiscal year.

Southern Missouri Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 1.56%. Southern Missouri Bancorp’s payout ratio is currently 21.15%.

Insiders Place Their Bets

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the transaction, the director now owns 48,649 shares of the company’s stock, valued at $2,914,075.10. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 16.60% of the company’s stock.

Hedge Funds Weigh In On Southern Missouri Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in Southern Missouri Bancorp in the third quarter valued at $3,690,000. Charles Schwab Investment Management Inc. lifted its stake in Southern Missouri Bancorp by 147.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 89,957 shares of the savings and loans company’s stock valued at $5,082,000 after purchasing an additional 53,670 shares during the last quarter. Franklin Resources Inc. grew its holdings in Southern Missouri Bancorp by 48.2% during the third quarter. Franklin Resources Inc. now owns 104,175 shares of the savings and loans company’s stock worth $6,105,000 after purchasing an additional 33,902 shares during the period. Assenagon Asset Management S.A. increased its position in Southern Missouri Bancorp by 103.4% during the third quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock worth $2,084,000 after buying an additional 18,756 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Southern Missouri Bancorp by 249.1% in 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 buying an additional 17,895 shares during the period. 49.49% of the stock is 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.