SmartFinancial - SMBK Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SmartFinancial in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SMBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMBK, but not buy additional shares or sell existing shares.
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6 analysts have issued 12 month target prices for SmartFinancial's stock. Their SMBK share price forecasts range from $27.00 to $33.00. On average, they expect the company's share price to reach $29.83 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
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SmartFinancial's stock was trading at $27.50 at the beginning of the year. Since then, SMBK shares have decreased by 2.5% and is now trading at $26.80.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our SMBK earnings forecast.

SmartFinancial, Inc. (NASDAQ:SMBK) issued its quarterly earnings data on Monday, January, 23rd. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The bank had revenue of $54.44 million for the quarter, compared to the consensus estimate of $45.29 million. SmartFinancial had a net margin of 23.06% and a trailing twelve-month return on equity of 10.36%.

SmartFinancial declared a quarterly dividend on Thursday, January 26th. Stockholders of record on Friday, February 10th will be paid a dividend of $0.08 per share on Monday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, February 9th. This is an increase from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for SMBK.

SmartFinancial (NASDAQ:SMBK) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.06%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMBK will have a dividend payout ratio of 10.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMBK.

19 employees have rated SmartFinancial Chief Executive Officer Billy Carroll on Glassdoor.com. Billy Carroll has an approval rating of 95% among the company's employees. This puts Billy Carroll in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other SmartFinancial investors own include Edwards Lifesciences (EW), General Mills (GIS), STAG Industrial (STAG), Trevena (TRVN), Ampio Pharmaceuticals (AMPE), Eastman Chemical (EMN), Great Panther Mining (GPL), Louisiana-Pacific (LPX), Pfizer (PFE) and PulteGroup (PHM).

SmartFinancial trades on the NASDAQ under the ticker symbol "SMBK."

SmartFinancial's stock is owned by a variety of retail and institutional investors. Top institutional investors include Foundry Partners LLC (0.83%), Strs Ohio (0.13%), New York State Common Retirement Fund (0.08%), HHM Wealth Advisors LLC (0.03%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Cathy G Ackermann, Clifton N Miller, David Austin Ogle, John M Presley, Rhett D Jordan, Ted Charles Miller, Wesley Miller Welborn and William Young Sr Carroll.
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Shares of SMBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SMBK stock can currently be purchased for approximately $26.80.

SmartFinancial (NASDAQ:SMBK) has a market capitalization of $452.65 million and generates $186.55 million in revenue each year. The bank earns $43.02 million in net income (profit) each year or $2.55 on an earnings per share basis.

The company employs 539 workers across the globe.

SmartFinancial's mailing address is 5401 Kingston Pike Suite 600, Knoxville TN, 37919. The official website for the company is www.smartfinancialinc.com. The bank can be reached via phone at (865) 437-5700 or via email at billy.carroll@smartbank.com.