SmartFinancial, Inc. (SMBK) To Go Ex-Dividend on January 31st

SmartFinancial, Inc. (NASDAQ:SMBK) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Friday, January 31st will be paid a dividend of 0.08 per share by the bank on Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, January 31st.

SmartFinancial has raised its dividend payment by an average of 17.0% annually over the last three years.

SmartFinancial Price Performance

NASDAQ SMBK opened at $34.70 on Thursday. The firm’s 50 day moving average is $33.32 and its 200-day moving average is $30.60. SmartFinancial has a 12-month low of $19.00 and a 12-month high of $37.72. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $587.47 million, a PE ratio of 15.62 and a beta of 0.70.

SmartFinancial (NASDAQ:SMBK) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. SmartFinancial had a net margin of 12.67% and a return on equity of 7.33%. The firm had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $42.32 million. During the same quarter last year, the company posted $0.43 earnings per share. Equities research analysts anticipate that SmartFinancial will post 2.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SMBK shares. Stephens lowered shares of SmartFinancial from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Raymond James raised their target price on SmartFinancial from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Hovde Group upped their price objective on SmartFinancial from $28.00 to $32.50 and gave the stock a “market perform” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, SmartFinancial currently has a consensus rating of “Hold” and a consensus price target of $29.50.

Insider Activity at SmartFinancial

In other SmartFinancial news, Director John M. Presley sold 6,916 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $35.05, for a total value of $242,405.80. Following the completion of the sale, the director now owns 3,960 shares in the company, valued at approximately $138,798. This trade represents a 63.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 7,516 shares of company stock valued at $262,600. 7.68% of the stock is owned by insiders.

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.