Stephens analyst Matt Olney raised the firm’s price target on Southern Missouri Bancorp (SMBC) to $72 from $70 and keeps an Overweight rating on the shares. Q3 results were highlighted by improving net interest income trends and lower operating expenses that drove an EPS beat, the analyst tells investors. The firm thinks Southern Missouri is positioned to drive further net interest margin expansion, but notes results could be lumpy due to seasonality in the near-term.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMBC:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue