SmartFinancial (NASDAQ:SMBK - Get Free Report) had its target price hoisted by equities researchers at Keefe, Bruyette & Woods from $35.00 to $38.00 in a report released on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 5.73% from the company's previous close.
Several other analysts have also recently weighed in on the company. Hovde Group lifted their price target on SmartFinancial from $37.50 to $40.00 and gave the stock a "market perform" rating in a report on Wednesday. Stephens reaffirmed an "equal weight" rating and issued a $31.00 price objective on shares of SmartFinancial in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $35.80.
Check Out Our Latest Stock Report on SMBK
SmartFinancial Stock Performance
Shares of NASDAQ SMBK traded down $0.11 during midday trading on Thursday, hitting $35.94. 14,355 shares of the company's stock were exchanged, compared to its average volume of 54,721. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. SmartFinancial has a 12 month low of $25.58 and a 12 month high of $37.72. The company's 50 day moving average price is $33.27 and its 200 day moving average price is $32.38. The firm has a market capitalization of $611.63 million, a PE ratio of 16.79 and a beta of 0.70.
SmartFinancial (NASDAQ:SMBK - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $0.69 EPS for the quarter, topping 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 quarter in the prior year, the company posted $0.46 earnings per share. As a group, analysts predict that SmartFinancial will post 2.45 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SmartFinancial
A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in SmartFinancial by 269.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,538 shares of the bank's stock worth $48,000 after acquiring an additional 1,122 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of SmartFinancial in the first quarter worth approximately $61,000. GAMMA Investing LLC raised its stake in shares of SmartFinancial by 19,400.0% in the first quarter. GAMMA Investing LLC now owns 2,145 shares of the bank's stock worth $69,000 after purchasing an additional 2,134 shares during the last quarter. CWM LLC increased its position in shares of SmartFinancial by 282.9% during the first quarter. CWM LLC now owns 2,489 shares of the bank's stock valued at $77,000 after acquiring an additional 1,839 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of SmartFinancial during the fourth quarter valued at approximately $104,000. Institutional investors and hedge funds own 58.78% of the company's stock.
SmartFinancial Company Profile
(
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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