SmartFinancial Inc (NASDAQ:SMBK) Director Steven B. Tucker bought 2,480 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were purchased at an average cost of $23.25 per share, with a total value of $57,660.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
SmartFinancial Inc (SMBK) traded down $0.09 during midday trading on Wednesday, hitting $23.06. 21,003 shares of the company’s stock were exchanged, compared to its average volume of 25,724. The stock has a market capitalization of $256.63, a PE ratio of 39.08 and a beta of 0.23. SmartFinancial Inc has a fifty-two week low of $18.25 and a fifty-two week high of $26.26. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04.
SmartFinancial (NASDAQ:SMBK) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.15. The business had revenue of $16.92 million during the quarter, compared to analysts’ expectations of $14.60 million. SmartFinancial had a net margin of 8.80% and a return on equity of 6.44%. sell-side analysts forecast that SmartFinancial Inc will post 1.5 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp purchased a new position in shares of SmartFinancial in the second quarter worth $1,686,000. Vanguard Group Inc. raised its holdings in shares of SmartFinancial by 41.6% in the second quarter. Vanguard Group Inc. now owns 225,156 shares of the bank’s stock worth $5,377,000 after buying an additional 66,143 shares during the last quarter. Eidelman Virant Capital purchased a new position in shares of SmartFinancial in the fourth quarter worth $954,000. Wasatch Advisors Inc. raised its holdings in shares of SmartFinancial by 8.7% in the fourth quarter. Wasatch Advisors Inc. now owns 124,330 shares of the bank’s stock worth $2,698,000 after buying an additional 10,000 shares during the last quarter. Finally, Salzhauer Michael purchased a new position in shares of SmartFinancial in the third quarter worth $401,000. 31.30% of the stock is owned by institutional investors and hedge funds.
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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.
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