Southern Missouri Bancorp (NASDAQ:SMBC) Earns “Overweight” Rating from Stephens

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

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

Southern Missouri Bancorp Stock Up 1.7 %

Southern Missouri Bancorp stock opened at $59.08 on Tuesday. The company’s 50-day moving average price is $60.21 and its two-hundred day moving average price is $57.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. The stock has a market cap of $666.42 million, a P/E ratio of 13.58 and a beta of 0.99. Southern Missouri Bancorp has a twelve month low of $39.00 and a twelve month high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC) last announced its earnings results on Monday, February 3rd. The savings and loans company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. As a group, analysts expect that Southern Missouri Bancorp will post 4.75 EPS for the current year.

Southern Missouri Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.56%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is presently 21.15%.

Insider Activity

In other news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $59.90, for a total value of $179,700.00. Following the completion of the transaction, the director now directly owns 48,649 shares in the company, valued at approximately $2,914,075.10. The trade was a 5.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.60% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Several large investors have recently made changes to their positions in the company. Empowered Funds LLC lifted 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 worth $1,196,000 after purchasing an additional 945 shares during the last quarter. SG Americas Securities LLC lifted 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 worth $288,000 after buying an additional 894 shares during the last quarter. JPMorgan Chase & Co. boosted 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 in 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 valued at $6,105,000 after acquiring an additional 33,902 shares during the last quarter. Finally, Barclays PLC raised its stake in Southern Missouri Bancorp by 90.4% during 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. Institutional investors and hedge funds own 49.49% of the company’s stock.

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.