SmartFinancial (SMBK) to Release Quarterly Earnings on Monday

SmartFinancial (NASDAQ:SMBK - Get Free Report) is anticipated to announce its earnings results after the market closes on Monday, July 21st. Analysts expect the company to announce earnings of $0.66 per share and revenue of $48.49 million for the quarter.

SmartFinancial Stock Performance

Shares of SmartFinancial stock traded up $0.75 during trading on Monday, reaching $35.95. The company's stock had a trading volume of 64,979 shares, compared to its average volume of 54,397. SmartFinancial has a one year low of $25.41 and a one year high of $37.72. The firm has a market cap of $611.71 million, a price-to-earnings ratio of 16.80 and a beta of 0.70. The business's fifty day moving average price is $32.51 and its 200-day moving average price is $32.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 0.90.

SmartFinancial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, May 2nd. SmartFinancial's dividend payout ratio (DPR) is presently 14.16%.

Wall Street Analyst Weigh In

SMBK has been the topic of a number of recent research reports. Stephens reissued an "equal weight" rating and set a $31.00 target price on shares of SmartFinancial in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on SmartFinancial from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $33.70.

Institutional Investors Weigh In On SmartFinancial

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of SmartFinancial by 150.9% in the 1st quarter. AQR Capital Management LLC now owns 51,972 shares of the bank's stock worth $1,615,000 after acquiring an additional 31,255 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of SmartFinancial by 263.2% in the 1st quarter. Jane Street Group LLC now owns 42,385 shares of the bank's stock worth $1,317,000 after acquiring an additional 30,715 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of SmartFinancial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,481 shares of the bank's stock worth $295,000 after acquiring an additional 390 shares in the last quarter. 58.78% of the stock is owned by institutional investors and hedge funds.

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.