Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of SmartFinancial from a sell rating to a hold rating in a report on Tuesday, May 14th. FIG Partners reiterated an outperform rating on shares of SmartFinancial in a report on Thursday, April 25th. DA Davidson reiterated a neutral rating on shares of SmartFinancial in a report on Monday, July 22nd. Finally, Raymond James downgraded shares of SmartFinancial from an outperform rating to a market perform rating in a report on Monday, July 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. SmartFinancial has an average rating of Hold and a consensus price target of $23.00.
Shares of SMBK stock opened at $19.04 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $273.91 million, a P/E ratio of 12.28 and a beta of 0.56. The company’s 50 day moving average price is $21.46 and its two-hundred day moving average price is $20.58. SmartFinancial has a 52 week low of $16.17 and a 52 week high of $25.26.
SmartFinancial (NASDAQ:SMBK) last announced its earnings results on Wednesday, July 24th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $29.22 million for the quarter, compared to analyst estimates of $23.22 million. SmartFinancial had a return on equity of 7.82% and a net margin of 20.91%. Analysts forecast that SmartFinancial will post 1.61 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Salzhauer Michael increased its holdings in SmartFinancial by 86.2% during the first quarter. Salzhauer Michael now owns 53,671 shares of the bank’s stock worth $1,015,000 after buying an additional 24,853 shares during the last quarter. Penn Capital Management Co. Inc. increased its holdings in SmartFinancial by 4.1% during the first quarter. Penn Capital Management Co. Inc. now owns 141,781 shares of the bank’s stock worth $2,681,000 after buying an additional 5,601 shares during the last quarter. Banc Funds Co. LLC increased its holdings in SmartFinancial by 14.7% during the first quarter. Banc Funds Co. LLC now owns 497,956 shares of the bank’s stock worth $9,416,000 after buying an additional 64,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in SmartFinancial by 25.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 169,936 shares of the bank’s stock worth $3,104,000 after buying an additional 34,372 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in SmartFinancial by 356.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,111 shares of the bank’s stock worth $75,000 after buying an additional 3,211 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.
SmartFinancial, Inc operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia. The company offers various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.
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