SmartFinancial (SMBK) Earns Daily Media Sentiment Score of 0.01

News headlines about SmartFinancial (NASDAQ:SMBK) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SmartFinancial earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.5514405636541 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of SmartFinancial (NASDAQ SMBK) opened at 23.21 on Friday. The firm’s 50-day moving average is $24.07 and its 200-day moving average is $22.72. SmartFinancial has a one year low of $15.10 and a one year high of $26.26. The company has a market cap of $190.81 million, a price-to-earnings ratio of 28.20 and a beta of 0.30.

SmartFinancial (NASDAQ:SMBK) last issued its earnings results on Tuesday, July 25th. The bank reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The business had revenue of $11.50 million for the quarter, compared to analyst estimates of $11.10 million. SmartFinancial had a return on equity of 5.47% and a net margin of 13.49%. Analysts expect that SmartFinancial will post $0.92 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered shares of SmartFinancial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 26th.

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In other SmartFinancial news, Chairman Wesley Miller Welborn bought 13,314 shares of the stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $24.47 per share, with a total value of $325,793.58. Following the completion of the purchase, the chairman now owns 39,937 shares in the company, valued at $977,258.39. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 13.87% of the stock is currently owned by insiders.

SmartFinancial Company Profile

SmartFinancial, Inc, formerly Cornerstone Bancshares, Inc, is a bank holding company. The Company operates through its SmartBank subsidiary (The Bank). The principal business of the Bank consists of attracting deposits from the public and investing those funds, together with funds generated from operations and from principal and interest payments on loans.