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

Southern Missouri Bancorp (NASDAQ:SMBC)‘s stock had its “overweight” rating reaffirmed by equities researchers at Stephens in a report released on Tuesday,Benzinga reports. They presently have a $76.00 price objective on the savings and loans company’s stock. Stephens’ price target suggests a potential upside of 28.73% from the stock’s current price.

Separately, Piper Sandler upped their price objective 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 Price Performance

Shares of NASDAQ:SMBC opened at $59.04 on Tuesday. Southern Missouri Bancorp has a one year low of $39.00 and a one year high of $68.69. 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 company has a market cap of $665.97 million, a price-to-earnings ratio of 13.57 and a beta of 0.99. The firm has a 50 day simple moving average of $60.10 and a 200 day simple moving average of $57.65.

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

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in SMBC. Empowered Funds LLC lifted its position in shares of Southern Missouri Bancorp by 4.7% in the 4th 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 period. SG Americas Securities LLC raised its stake in Southern Missouri Bancorp by 21.6% during the fourth 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. lifted its holdings 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. Franklin Resources Inc. grew its holdings in Southern Missouri Bancorp by 48.2% during the 3rd quarter. Franklin Resources Inc. now owns 104,175 shares of the savings and loans company’s stock worth $6,105,000 after acquiring an additional 33,902 shares during the period. Finally, Barclays PLC raised its position in shares of Southern Missouri Bancorp by 90.4% in the 3rd 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. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Company Profile

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.