SmartFinancial, Inc. (SMBK) To Go Ex-Dividend on May 15th

SmartFinancial, Inc. (NASDAQ:SMBK) announced a quarterly dividend on Thursday, April 30th. Investors of record on Friday, May 15th will be paid a dividend of 0.09 per share by the bank on Monday, June 1st. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. This is a 12.5% increase from SmartFinancial’s previous quarterly dividend of $0.08.

SmartFinancial has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years.

SmartFinancial Trading Up 1.3%

Shares of SmartFinancial stock opened at $42.48 on Friday. The stock has a market capitalization of $726.32 million, a P/E ratio of 19.85 and a beta of 0.76. SmartFinancial has a 52-week low of $29.78 and a 52-week high of $43.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50-day simple moving average is $40.07 and its 200 day simple moving average is $38.58.

SmartFinancial declared that its board has authorized a stock repurchase program on Friday, January 30th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the bank to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

About SmartFinancial

SmartFinancial, Inc is a bank holding company headquartered in Knoxville, Tennessee, operating through its primary subsidiary, SmartBank. Incorporated in 2006, the company provides a full suite of banking and financial services to individuals, small and middle-market businesses and public entities across its regional footprint. SmartFinancial’s network of branch offices and digital platforms combines community-banking relationships with modern technology to serve its customers’ evolving needs.

Through SmartBank, the company offers a broad range of deposit products, including checking, savings and certificate of deposit accounts, alongside consumer and commercial lending solutions.