SmartFinancial, Inc. (NASDAQ:SMBK - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Stockholders of record on Friday, August 8th will be given a dividend of 0.08 per share by the bank on Monday, August 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, August 8th.
SmartFinancial Stock Down 0.6%
Shares of SmartFinancial stock traded down $0.21 during trading hours on Monday, reaching $35.27. 35,011 shares of the company were exchanged, compared to its average volume of 54,644. SmartFinancial has a 1 year low of $25.58 and a 1 year high of $37.72. The stock's fifty day moving average is $33.45 and its 200 day moving average is $32.52. 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 firm has a market cap of $600.21 million, a PE ratio of 16.48 and a beta of 0.70.
SmartFinancial (NASDAQ:SMBK - Get Free Report) last posted its earnings results on Monday, July 21st. The bank reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. SmartFinancial had a return on equity of 7.33% and a net margin of 12.67%. During the same period last year, the firm earned $0.46 EPS. As a group, equities research analysts forecast that SmartFinancial will post 2.45 earnings per share for the current year.
Institutional Investors Weigh In On SmartFinancial
Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of SmartFinancial by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,481 shares of the bank's stock worth $295,000 after buying an additional 390 shares during the period. Jane Street Group LLC lifted its position in SmartFinancial by 263.2% in the first quarter. Jane Street Group LLC now owns 42,385 shares of the bank's stock valued at $1,317,000 after purchasing an additional 30,715 shares during the period. Finally, AQR Capital Management LLC lifted its position in SmartFinancial by 150.9% in the first quarter. AQR Capital Management LLC now owns 51,972 shares of the bank's stock valued at $1,615,000 after purchasing an additional 31,255 shares during the period. Institutional investors and hedge funds own 58.78% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Hovde Group increased their target price on SmartFinancial from $37.50 to $40.00 and gave the company a "market perform" rating in a report on Wednesday, July 23rd. Stephens restated an "equal weight" rating and issued a $31.00 price objective on shares of SmartFinancial in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods upped their price objective on shares of SmartFinancial from $35.00 to $38.00 and gave the company a "market perform" rating in a research note on Thursday. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $44.00 price objective (up previously from $42.00) on shares of SmartFinancial in a research note on Thursday.
View Our Latest Stock Analysis on SMBK
About SmartFinancial
(
Get Free Report)
SmartFinancial, Inc operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, and Florida. It operates through Commercial Real Estate, Consumer Real Estate, Construction and Land Development, Commercial and Industrial, Leases, and Consumer and Other segments.
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