SmartFinancial (NASDAQ:SMBK) Sees Large Volume Increase - Should You Buy?

SmartFinancial, Inc. (NASDAQ:SMBK - Get Free Report) shares saw strong trading volume on Monday . 89,018 shares changed hands during mid-day trading, an increase of 66% from the previous session's volume of 53,577 shares.The stock last traded at $32.64 and had previously closed at $31.47.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SMBK. Keefe, Bruyette & Woods cut their price target on shares of SmartFinancial from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Stephens reiterated an "equal weight" rating and issued a $31.00 price objective on shares of SmartFinancial in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, SmartFinancial currently has an average rating of "Hold" and an average target price of $33.70.

SmartFinancial Trading Up 1.1%

The company has a market cap of $543.90 million, a PE ratio of 14.93 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of $31.02 and a 200-day simple moving average of $31.98.

SmartFinancial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 2nd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, May 2nd. SmartFinancial's payout ratio is 14.16%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 1,122 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of SmartFinancial during the first quarter worth approximately $61,000. GAMMA Investing LLC raised its holdings in shares of SmartFinancial by 19,400.0% in the 1st quarter. GAMMA Investing LLC now owns 2,145 shares of the bank's stock valued at $69,000 after purchasing an additional 2,134 shares in the last quarter. CWM LLC lifted its position in shares of SmartFinancial by 282.9% during the 1st quarter. CWM LLC now owns 2,489 shares of the bank's stock worth $77,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of SmartFinancial during the fourth quarter worth $104,000. Hedge funds and other institutional investors own 58.78% of the company's stock.

About SmartFinancial

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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