SmartFinancial (SMBK) Projected to Release Quarterly Earnings on Monday

Key Points

• SmartFinancial is expected to report quarterly earnings after Monday’s market close, with analysts forecasting earnings of $0.961 per share and revenue of $57.55 million.
• Shares opened at $50.01, near the company’s consensus analyst price target of $50.42. Analysts hold a “Moderate Buy” consensus rating, with recent price targets ranging from $47 to $60.
• SmartFinancial recently paid a quarterly dividend of $0.09 per share, equivalent to an annualized dividend of $0.36 and a 0.7% yield.

SmartFinancial (NASDAQ:SMBK - Get Free Report) is projected to post its results after the market closes on Monday, October 19th. Analysts expect SmartFinancial to post earnings of $0.9610 per share and revenue of $57.55 million for the quarter.

SmartFinancial Trading Down 0.0%

Shares of SMBK stock opened at $50.01 on Monday. SmartFinancial has a fifty-two week low of $33.01 and a fifty-two week high of $54.14. The stock has a market cap of $855.11 million, a P/E ratio of 23.37 and a beta of 0.71. The business has a fifty day simple moving average of $51.29 and a 200-day simple moving average of $46.41. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were given a $0.09 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. SmartFinancial's payout ratio is currently 10.62%.

Analysts Set New Price Targets

Several equities research analysts recently commented on SMBK shares. Stephens boosted their price objective on shares of SmartFinancial from $45.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. Benchmark raised their target price on shares of SmartFinancial from $56.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, August 18th. Raymond James Financial restated a "strong-buy" rating and set a $58.00 target price on shares of SmartFinancial in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of SmartFinancial from $46.00 to $50.00 and gave the stock a "market perform" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.42.

About SmartFinancial

SmartFinancial, Inc NASDAQ: SMBK is a bank holding company for SmartBank, a community bank that provides financial services to individuals, businesses and organizations. The company offers deposit accounts, consumer and commercial lending, mortgage services, treasury management, online and mobile banking, and wealth management services.

SmartBank was established in 2007 and has expanded through organic growth and acquisitions. Its banking operations serve communities across Tennessee, Alabama and Florida, with branches and lending activities focused primarily on the Southeast.

SmartFinancial is led by William G.

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