BofA update shows where active managers are putting money
Investing.com - Piper Sandler has initiated coverage of Southern Missouri Bancorp (NASDAQ:SMBC) with a Neutral rating and a $66.00 price target. According to InvestingPro data, the stock currently trades at a P/E ratio of 11.6x and shows signs of being slightly undervalued based on its Fair Value analysis.
The research firm’s coverage is based on 11.5x its 2026 estimated earnings per share, representing a premium to peers trading at 9.9x forward earnings.
Southern Missouri Bancorp, headquartered in Poplar Bluff, Missouri, operates Southern Bank with 67 locations primarily across Missouri, Arkansas, and Illinois, managing $5.0 billion in assets.
Piper Sandler describes SMBC as a "high-quality, commercially-focused franchise" with solid organic growth outlook, strong profitability profile, and potential for enhanced returns through disciplined mergers and acquisitions.
The firm’s premium valuation reflects expectations for SMBC’s return on assets to strengthen to top quartile levels and anticipation of more favorable credit metrics emerging within the next few quarters.
In other recent news, Southern Missouri Bancorp reported its fourth-quarter earnings for fiscal year 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $1.39, outperforming the forecasted $1.26, resulting in a 10.32% earnings surprise. Additionally, Southern Missouri Bancorp reported revenue of $47.61 million, which exceeded the anticipated $46.26 million. These results reflect a positive financial performance for the company. Furthermore, Southern Missouri Bancorp announced a transition of its 401(k) Retirement Plan from American Funds to Fidelity Investments, effective September 16, 2025. This transition will include a blackout period starting on September 8, 2025, during which participants will be unable to trade shares within the plan. The company has informed all affected plan participants about the upcoming blackout period. These recent developments highlight significant changes and achievements for Southern Missouri Bancorp.
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