Stephens Reiterates “Overweight” Rating for Southern Missouri Bancorp (NASDAQ:SMBC)

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

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

Southern Missouri Bancorp Price Performance

Shares of NASDAQ SMBC opened at $58.73 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day simple moving average is $59.97 and its 200 day simple moving average is $57.65. The stock has a market cap of $662.47 million, a price-to-earnings ratio of 13.50 and a beta of 0.99. Southern Missouri Bancorp has a fifty-two week low of $39.00 and a fifty-two week high of $68.69.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings results on Monday, February 3rd. The savings and loans company reported $1.30 EPS for the quarter, beating 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, research analysts anticipate that Southern Missouri Bancorp will post 4.75 earnings per share for the current fiscal year.

Southern Missouri Bancorp Dividend Announcement

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 given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, February 14th. Southern Missouri Bancorp’s dividend payout ratio is 21.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SMBC. Dimensional Fund Advisors LP lifted its stake in Southern Missouri Bancorp by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 354,318 shares of the savings and loans company’s stock valued at $15,947,000 after purchasing an additional 16,085 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Southern Missouri Bancorp by 94.8% during the 2nd quarter. Squarepoint Ops LLC now owns 13,111 shares of the savings and loans company’s stock valued at $590,000 after buying an additional 6,381 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Southern Missouri Bancorp during the 3rd quarter worth $233,000. Creative Planning increased its holdings in Southern Missouri Bancorp by 20.9% in the 3rd quarter. Creative Planning now owns 6,610 shares of the savings and loans company’s stock worth $373,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Southern Missouri Bancorp by 103.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,889 shares of the savings and loans company’s stock worth $2,084,000 after acquiring an additional 18,756 shares during the last quarter. 49.49% of the stock is owned by institutional investors.

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.