SmartFinancial (NASDAQ:SMBK - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Monday, April 21st. Analysts expect the company to announce earnings of $0.55 per share and revenue of $46.24 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.
SmartFinancial Stock Performance
Shares of SmartFinancial stock traded up $0.76 during midday trading on Friday, hitting $28.81. The company had a trading volume of 56,698 shares, compared to its average volume of 52,927. The stock has a market cap of $490.29 million, a price-to-earnings ratio of 13.46 and a beta of 0.59. SmartFinancial has a 12-month low of $19.22 and a 12-month high of $37.72. 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 company has a fifty day simple moving average of $31.58 and a 200 day simple moving average of $32.63.
SmartFinancial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a dividend of $0.08 per share. The ex-dividend date was Friday, January 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. SmartFinancial's payout ratio is currently 14.95%.
Analysts Set New Price Targets
Separately, Raymond James restated a "strong-buy" rating and issued a $42.00 target price (up previously from $36.00) on shares of SmartFinancial in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.70.
Read Our Latest Report on SmartFinancial
Insider Buying and Selling at SmartFinancial
In related news, Chairman Wesley Miller Welborn acquired 1,162 shares of SmartFinancial stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of $34.75 per share, for a total transaction of $40,379.50. Following the purchase, the chairman now owns 96,938 shares of the company's stock, valued at approximately $3,368,595.50. This represents a 1.21 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.68% of the company's stock.
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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