Southern Missouri Bancorp (NASDAQ:SMBC) Research Coverage Started at Hovde Group

Hovde Group initiated coverage on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a research report sent to investors on Monday, Marketbeat Ratings reports. The brokerage issued a market perform rating and a $76.00 price target on the savings and loans company’s stock.

Other research analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. Stephens downgraded shares of Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 target price for the company. in a report on Thursday, August 6th. Piper Sandler reissued a “neutral” rating and issued a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a research report on Monday, July 27th. Benchmark upgraded Southern Missouri Bancorp to a “strong-buy” rating in a research report on Wednesday, September 23rd. Finally, Raymond James Financial initiated coverage on Southern Missouri Bancorp in a report on Tuesday, September 1st. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $81.75.

Southern Missouri Bancorp Stock Down 0.9%

SMBC stock opened at $70.93 on Monday. Southern Missouri Bancorp has a one year low of $47.60 and a one year high of $79.86. The firm has a market cap of $780.94 million, a PE ratio of 11.03 and a beta of 0.87. The firm’s 50 day moving average price is $74.13 and its 200-day moving average price is $71.61. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.31. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%.The company had revenue of $51.76 million during the quarter, compared to analysts’ expectations of $51.14 million. On average, equities research analysts anticipate that Southern Missouri Bancorp will post 6.66 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were issued a dividend of $0.27 per share. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, August 14th. This represents a $1.08 annualized dividend and a yield of 1.5%. Southern Missouri Bancorp’s dividend payout ratio (DPR) is currently 16.80%.

Hedge Funds Weigh In On Southern Missouri Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in shares of Southern Missouri Bancorp during the 2nd quarter worth $3,461,000. The Manufacturers Life Insurance Company purchased a new stake in Southern Missouri Bancorp during the 2nd quarter worth about $18,079,000. Hsbc Holdings PLC acquired a new position in shares of Southern Missouri Bancorp during the 2nd quarter worth about $1,496,000. GSA Capital Partners LLP purchased a new position in shares of Southern Missouri Bancorp in the 2nd quarter valued at about $1,439,000. Finally, Commerce Bank acquired a new stake in shares of Southern Missouri Bancorp during the 2nd quarter worth about $1,685,000. 49.49% of the stock is owned by institutional investors and hedge funds.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. It operates primarily through Southern Bank, a community-focused financial institution that provides banking services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, and commercial loans. Its services also include online and mobile banking, treasury and cash-management solutions, and other financial products designed to support personal and business customers.

The bank traces its history to 1887 and serves communities across Missouri and neighboring markets through a network of banking offices and digital channels.