Stephens Begins Coverage on Southern Missouri Bancorp (NASDAQ:SMBC)

Analysts at Stephens started coverage on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a report released on Tuesday, Marketbeat reports. The firm set an “overweight” rating and a $60.00 price target on the savings and loans company’s stock. Stephens’ target price would suggest a potential upside of 16.26% from the company’s current price.

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $51.00 price objective (down previously from $53.00) on shares of Southern Missouri Bancorp in a research report on Wednesday, May 1st.

Southern Missouri Bancorp Stock Performance

Shares of SMBC stock opened at $51.61 on Tuesday. The company’s fifty day simple moving average is $46.54 and its 200-day simple moving average is $43.79. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a market cap of $585.77 million, a PE ratio of 11.24 and a beta of 0.97. Southern Missouri Bancorp has a 12 month low of $37.74 and a 12 month high of $58.03.

Insider Transactions at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $52.37, for a total transaction of $26,185.00. Following the sale, the director now directly owns 223,917 shares of the company’s stock, valued at $11,726,533.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Southern Missouri Bancorp news, Director William E. Young sold 5,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.57, for a total transaction of $247,850.00. Following the sale, the director now directly owns 218,917 shares of the company’s stock, valued at $10,851,715.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William E. Young sold 500 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $52.37, for a total transaction of $26,185.00. Following the sale, the director now directly owns 223,917 shares in the company, valued at $11,726,533.29. The disclosure for this sale can be found here. Insiders have sold a total of 20,500 shares of company stock valued at $900,435 over the last 90 days. 17.41% of the stock is owned by corporate insiders.

Institutional Trading of Southern Missouri Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Southern Missouri Bancorp during the first quarter worth $25,000. XTX Topco Ltd acquired a new position in shares of Southern Missouri Bancorp in the second quarter valued at $210,000. BNP Paribas Financial Markets increased its holdings in shares of Southern Missouri Bancorp by 86.8% in the first quarter. BNP Paribas Financial Markets now owns 4,747 shares of the savings and loans company’s stock valued at $207,000 after purchasing an additional 2,206 shares during the last quarter. Bailard Inc. acquired a new position in shares of Southern Missouri Bancorp in the second quarter valued at $293,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Southern Missouri Bancorp by 18.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 7,123 shares of the savings and loans company’s stock valued at $380,000 after purchasing an additional 1,130 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 interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans.