Southern Missouri Bancorp price target raised to $72 from $70 at Stephens

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.