Southern Missouri Bancorp’s (SMBC) Overweight Rating Reaffirmed at Stephens

Southern Missouri Bancorp (NASDAQ:SMBC)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a note issued to investors on Tuesday,Benzinga reports. They presently have a $76.00 price target on the savings and loans company’s stock. Stephens’ price objective points to a potential upside of 31.66% from the stock’s previous close.

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

Southern Missouri Bancorp Stock Down 0.6 %

Southern Missouri Bancorp stock traded down $0.38 during midday trading on Tuesday, hitting $57.73. 11,887 shares of the company were exchanged, compared to its average volume of 36,262. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. Southern Missouri Bancorp has a fifty-two week low of $39.00 and a fifty-two week high of $68.69. The company’s fifty day moving average price is $60.33 and its 200-day moving average price is $57.55. The company has a market cap of $651.14 million, a PE ratio of 13.27 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings results on Monday, January 27th. The savings and loans company reported $1.30 earnings per share (EPS) 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%. On average, research analysts predict that Southern Missouri Bancorp will post 4.75 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William E. Young sold 3,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 48,649 shares of the company’s stock, valued at approximately $2,914,075.10. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 16.60% of the company’s stock.

Institutional Trading of Southern Missouri Bancorp

Institutional investors have recently added to or reduced their stakes in the company. 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. Barclays PLC boosted its position in shares of Southern Missouri Bancorp by 90.4% during the 3rd quarter. Barclays PLC now owns 25,273 shares of the savings and loans company’s stock worth $1,427,000 after purchasing an additional 11,996 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Southern Missouri Bancorp by 42.4% during the third quarter. Janus Henderson Group PLC now owns 8,071 shares of the savings and loans company’s stock worth $455,000 after purchasing an additional 2,404 shares during the period. Geode Capital Management LLC lifted its stake in shares of Southern Missouri Bancorp by 1.0% in the third quarter. Geode Capital Management LLC now owns 217,753 shares of the savings and loans company’s stock valued at $12,304,000 after buying an additional 2,113 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Southern Missouri Bancorp by 249.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,080 shares of the savings and loans company’s stock worth $1,417,000 after purchasing an additional 17,895 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.