Southern Missouri Bancorp (NASDAQ:SMBC) Stock Gets Price Target Cut from Piper Sandler

Southern Missouri Bancorp (NASDAQ:SMBC – Get Free Report) had its target price lowered by equities research analysts at Piper Sandler from $83.00 to $74.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the savings and loans company’s stock. Piper Sandler‘s target price would suggest a potential upside of 2.06% from the company’s current price.

Several other analysts have also recently issued reports on SMBC. Keefe, Bruyette & Woods upped their target price on shares of Southern Missouri Bancorp from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Wall Street Zen raised Southern Missouri Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Benchmark raised shares of Southern Missouri Bancorp to a “strong-buy” rating in a research report on Wednesday, September 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. Finally, Raymond James Financial initiated coverage on shares of Southern Missouri Bancorp in a research note on Tuesday, September 1st. They set a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Southern Missouri Bancorp has an average rating of “Hold” and a consensus target price of $79.50.

Read Our Latest Report on SMBC

Southern Missouri Bancorp Stock Performance

SMBC stock opened at $72.50 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.99. Southern Missouri Bancorp has a 1 year low of $51.46 and a 1 year high of $79.86. The company has a market cap of $798.28 million, a P/E ratio of 10.69 and a beta of 0.87. The stock’s fifty day moving average price is $72.40 and its 200-day moving average price is $72.20.

Southern Missouri Bancorp (NASDAQ:SMBC – Get Free Report) last announced its earnings results on Wednesday, October 21st. The savings and loans company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $53.09 million during the quarter, compared to analyst estimates of $52.60 million. Southern Missouri Bancorp had a net margin of 23.47% and a return on equity of 13.02%. On average, equities analysts forecast that Southern Missouri Bancorp will post 6.66 earnings per share for the current year.

Institutional Investors Weigh In On Southern Missouri Bancorp

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

About Southern Missouri Bancorp

(Get Free Report)

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank’s presence across Missouri and neighboring Midwestern and Southern markets.

See Also

Analyst Recommendations for Southern Missouri Bancorp (NASDAQ:SMBC)

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