Southern Missouri Bancorp (NASDAQ:SMBC) Stock Bumped Up to “Strong-Buy” by Benchmark

Benchmark upgraded shares of Southern Missouri Bancorp (NASDAQ:SMBC – Free Report) to a strong-buy rating in a research note released on Wednesday morning,Zacks reports.

Several other brokerages also recently weighed in on SMBC. Piper Sandler reaffirmed a “neutral” rating and set a $83.00 target price (up from $79.00) on shares of Southern Missouri Bancorp in a research note on Monday, July 27th. Raymond James Financial initiated coverage on Southern Missouri Bancorp in a report on Tuesday, September 1st. They set a “market perform” rating on the stock. Stephens lowered Southern Missouri Bancorp from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a report on Thursday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Missouri Bancorp in a report on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Southern Missouri Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.67.

Get Our Latest Analysis on Southern Missouri Bancorp

Southern Missouri Bancorp Stock Up 1.2%

NASDAQ:SMBC opened at $72.21 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $75.16 and a 200-day moving average of $70.98. The firm has a market capitalization of $795.25 million, a PE ratio of 11.23 and a beta of 0.85. Southern Missouri Bancorp has a 52 week low of $47.60 and a 52 week high of $79.86.

Southern Missouri Bancorp (NASDAQ:SMBC – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $51.14 million. Analysts predict that Southern Missouri Bancorp will post 6.78 EPS for the current year.

Southern Missouri Bancorp Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Southern Missouri Bancorp during the 2nd quarter valued at about $85,270,000. Dimensional Fund Advisors LP increased its holdings in Southern Missouri Bancorp by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 440,839 shares of the savings and loans company’s stock worth $28,187,000 after buying an additional 11,946 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Southern Missouri Bancorp during the second quarter valued at approximately $18,079,000. Raffles Associates LP acquired a new stake in Southern Missouri Bancorp in the second quarter valued at approximately $16,092,000. Finally, ACR Alpine Capital Research LLC lifted its stake in Southern Missouri Bancorp by 4.0% in the first quarter. ACR Alpine Capital Research LLC now owns 94,707 shares of the savings and loans company’s stock valued at $6,056,000 after acquiring an additional 3,675 shares during the last quarter. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Southern Missouri Bancorp Company Profile

(Get Free Report)

Southern Missouri Bancorp, Inc is the bank holding company for Southern Bank, a community banking institution headquartered in Poplar Bluff, Missouri. Through Southern Bank, the company provides banking and financial services to individuals, families, farmers, and businesses.

Southern Bank offers deposit products, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, mortgage services, and treasury management solutions. Customers also have access to digital banking, online bill pay, mobile banking, and other standard personal and business banking services.

Southern Bank traces its history to 1887 and serves communities primarily in Missouri and neighboring areas, including parts of Arkansas.

See Also

Analyst Recommendations for Southern Missouri Bancorp (NASDAQ:SMBC)

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