SmartFinancial, Inc. (NASDAQ:SMBK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of SmartFinancial, Inc. (NASDAQ:SMBK) have been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $25.60.

Several analysts recently weighed in on the company. Stephens upped their price target on SmartFinancial from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Piper Sandler upgraded SmartFinancial from a “neutral” rating to an “overweight” rating and raised their price target for the company from $25.00 to $26.00 in a report on Wednesday, April 24th. Keefe, Bruyette & Woods lowered their price target on SmartFinancial from $26.00 to $24.00 and set a “market perform” rating for the company in a research report on Wednesday, April 24th. Finally, Hovde Group cut their price objective on shares of SmartFinancial from $26.00 to $23.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th.

Insider Buying and Selling at SmartFinancial

In other news, Director John M. Presley sold 7,500 shares of SmartFinancial stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $22.65, for a total value of $169,875.00. Following the completion of the sale, the director now directly owns 35,073 shares in the company, valued at $794,403.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.68% of the company’s stock.

Institutional Trading of SmartFinancial

Several large investors have recently modified their holdings of SMBK. SG Americas Securities LLC grew its stake in shares of SmartFinancial by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 8,916 shares of the bank’s stock valued at $218,000 after purchasing an additional 1,474 shares during the period. 1492 Capital Management LLC bought a new stake in SmartFinancial during the fourth quarter valued at approximately $242,000. Acadian Asset Management LLC purchased a new stake in SmartFinancial during the first quarter valued at approximately $271,000. Equitable Trust Co. raised its position in SmartFinancial by 7.1% in the fourth quarter. Equitable Trust Co. now owns 16,525 shares of the bank’s stock worth $405,000 after acquiring an additional 1,100 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of SmartFinancial by 429.0% during the 1st quarter. BNP Paribas Financial Markets now owns 23,688 shares of the bank’s stock worth $499,000 after acquiring an additional 19,210 shares during the last quarter. Institutional investors own 58.78% of the company’s stock.

SmartFinancial Stock Down 1.6 %

NASDAQ:SMBK opened at $25.08 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.89. The firm’s 50-day moving average price is $22.83 and its 200-day moving average price is $22.15. The company has a market capitalization of $427.86 million, a PE ratio of 16.08 and a beta of 0.71. SmartFinancial has a 1-year low of $19.00 and a 1-year high of $26.01.

SmartFinancial (NASDAQ:SMBK) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. SmartFinancial had a net margin of 10.65% and a return on equity of 6.88%. The business had revenue of $40.10 million for the quarter, compared to analysts’ expectations of $38.98 million. On average, equities analysts predict that SmartFinancial will post 1.85 EPS for the current fiscal year.

SmartFinancial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 10th were issued a $0.08 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.32 annualized dividend and a yield of 1.28%. SmartFinancial’s payout ratio is 20.51%.

About SmartFinancial

SmartFinancial, Inc operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, and Florida. It operates through Commercial Real Estate, Consumer Real Estate, Construction and Land Development, Commercial and Industrial, Leases, and Consumer and Other segments.