SmartFinancial (SMBK) Hits New 12-Month High at $26.11

Shares of SmartFinancial Inc (NASDAQ:SMBK) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.11 and last traded at $25.70, with a volume of 560 shares changing hands. The stock had previously closed at $25.73.

A number of brokerages recently issued reports on SMBK. BidaskClub raised SmartFinancial from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 25th. Keefe, Bruyette & Woods began coverage on SmartFinancial in a research report on Monday, April 9th. They issued a “market perform” rating and a $26.00 target price for the company. Raymond James upped their target price on SmartFinancial from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, April 26th. Finally, Zacks Investment Research cut SmartFinancial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 20th.

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $290.01 million, a PE ratio of 23.47 and a beta of 0.15.



SmartFinancial (NASDAQ:SMBK) last posted its quarterly earnings data on Tuesday, April 24th. The bank reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.04). The company had revenue of $18.45 million for the quarter, compared to analysts’ expectations of $17.80 million. SmartFinancial had a net margin of 10.26% and a return on equity of 6.37%. research analysts anticipate that SmartFinancial Inc will post 1.55 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Banc Funds Co. LLC raised its stake in SmartFinancial by 7.5% during the 1st quarter. Banc Funds Co. LLC now owns 508,943 shares of the bank’s stock valued at $11,991,000 after acquiring an additional 35,425 shares during the last quarter. BlackRock Inc. raised its stake in SmartFinancial by 9.2% during the 1st quarter. BlackRock Inc. now owns 367,791 shares of the bank’s stock valued at $8,664,000 after acquiring an additional 30,943 shares during the last quarter. Forest Hill Capital LLC raised its stake in SmartFinancial by 8.9% during the 4th quarter. Forest Hill Capital LLC now owns 309,868 shares of the bank’s stock valued at $6,724,000 after acquiring an additional 25,405 shares during the last quarter. Wasatch Advisors Inc. raised its stake in SmartFinancial by 42.7% during the 1st quarter. Wasatch Advisors Inc. now owns 177,382 shares of the bank’s stock valued at $4,179,000 after acquiring an additional 53,052 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in SmartFinancial by 106.0% during the 4th quarter. Deutsche Bank AG now owns 48,875 shares of the bank’s stock valued at $1,059,000 after acquiring an additional 25,152 shares during the last quarter. 35.74% of the stock is owned by hedge funds and other institutional investors.

SmartFinancial Company Profile

SmartFinancial, Inc operates as the bank holding company for the SmartBank that provides various financial services to individuals and corporate customers in the United States. 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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