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NASDAQ:SMBK

SmartFinancial - SMBK Stock Forecast, Price & News

$25.04
-0.70 (-2.72%)
(As of 08/8/2022 12:42 PM ET)
Add
Compare
Today's Range
$24.98
$25.94
50-Day Range
$23.05
$26.28
52-Week Range
$22.63
$28.63
Volume
736 shs
Average Volume
24,532 shs
Market Capitalization
$423.10 million
P/E Ratio
11.87
Dividend Yield
1.09%
Price Target
$29.00

SmartFinancial MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.5% Upside
$29.00 Price Target
Short Interest
Bearish
1.24% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of SmartFinancial in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$167,646 Sold Last Quarter
Proj. Earnings Growth
16.79%
From $2.62 to $3.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Finance Sector

414th out of 1,207 stocks

National Commercial Banks Industry

39th out of 102 stocks

SMBK stock logo

About SmartFinancial (NASDAQ:SMBK) Stock

SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers. It operates through Commercial Real Estate, Consumer Real Estate, Construction and Land Development, Commercial and Industrial, and Consumer and Other segments. The company offers noninterest-bearing and interest-bearing checking, interest-bearing demand, savings, money market, time deposit, individual retirement accounts, as well as certificates of deposit. It also provides commercial and residential real estate, consumer real estate, and construction and land development loans; commercial and financial loans; mortgage loans; and direct consumer installment loans, educational, and other revolving credit loans; and overdraft facilities. In addition, the company offers wealth management, insurance, mortgage origination, and Internet and mobile banking services. As of March 1, 2022, it had 41 full-service branches and 2 loan production offices in East and Middle Tennessee, Alabama, and the Florida Panhandle. The company is headquartered in Knoxville, Tennessee.

Analysts Set New Price Targets

A number of research firms have weighed in on SMBK. StockNews.com lowered SmartFinancial from a "buy" rating to a "hold" rating in a report on Monday, May 23rd. Stephens lifted their target price on shares of SmartFinancial to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Raymond James lowered shares of SmartFinancial from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $33.00 to $27.00 in a research report on Thursday, July 7th. Finally, Piper Sandler decreased their price target on SmartFinancial to $30.00 in a report on Monday, July 4th.

SmartFinancial Stock Up 0.2 %

NASDAQ:SMBK traded up $0.04 on Friday, hitting $25.74. 32,192 shares of the stock were exchanged, compared to its average volume of 28,458. The company has a market cap of $435.01 million, a PE ratio of 12.20 and a beta of 0.71. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.19. SmartFinancial has a fifty-two week low of $22.63 and a fifty-two week high of $28.63. The company has a 50-day moving average price of $24.72 and a 200-day moving average price of $25.28.

SmartFinancial (NASDAQ:SMBK - Get Rating) last announced its quarterly earnings results on Monday, July 25th. The bank reported $0.61 earnings per share for the quarter, hitting analysts' consensus estimates of $0.61. SmartFinancial had a net margin of 21.34% and a return on equity of 8.82%. During the same quarter in the previous year, the business posted $0.60 earnings per share. Sell-side analysts anticipate that SmartFinancial will post 2.62 EPS for the current fiscal year.

SmartFinancial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Friday, August 12th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, August 11th. SmartFinancial's dividend payout ratio (DPR) is currently 13.27%.

Insider Activity

In other news, Director John M. Presley sold 3,540 shares of the business's stock in a transaction on Monday, June 6th. The shares were sold at an average price of $26.02, for a total value of $92,110.80. Following the completion of the transaction, the director now owns 66,103 shares of the company's stock, valued at approximately $1,720,000.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other SmartFinancial news, Director John M. Presley sold 2,930 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $25.78, for a total transaction of $75,535.40. Following the completion of the transaction, the director now owns 69,643 shares in the company, valued at $1,795,396.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John M. Presley sold 3,540 shares of SmartFinancial stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $26.02, for a total transaction of $92,110.80. Following the transaction, the director now directly owns 66,103 shares in the company, valued at $1,720,000.06. The disclosure for this sale can be found here. 8.91% of the stock is owned by corporate insiders.

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SMBK Stock News Headlines

SmartFinancial (NASDAQ:SMBK) PT Raised to $30.00 at Stephens
SmartFinancial (SMBK) Set to Announce Earnings on Monday
SmartFinancial's Earnings: A Preview
SmartFinancial declares $0.07 dividend
SmarFinancial: Q1 Earnings Snapshot
SmartFinancial GAAP EPS of $0.51, revenue of $37.2M
See More Headlines
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SMBK Company Calendar

Ex-Dividend for 5/31 Dividend
5/12/2022
Dividend Payable
5/31/2022
Last Earnings
7/25/2022
Today
8/08/2022
Ex-Dividend for 8/29 Dividend
8/11/2022
Dividend Payable
8/29/2022
Next Earnings (Estimated)
10/18/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:SMBK
Previous Symbol
OTCMKTS:CSBQ
Fax
N/A
Employees
539
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.00
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+15.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$34.79 million
Pretax Margin
27.50%

Debt

Sales & Book Value

Annual Sales
$149.18 million
Cash Flow
$2.30 per share
Book Value
$25.56 per share

Miscellaneous

Free Float
15,391,000
Market Cap
$423.10 million
Optionable
Not Optionable
Beta
0.71

Key Executives

  • Mr. William Young Carroll Jr. (Age 53)
    Pres, CEO & Director
    Comp: $853.99k
  • Mr. Ronald J. Gorczynski (Age 56)
    Exec. VP & CFO
    Comp: $415.87k
  • Mr. Nathaniel Frank Hughes (Age 63)
    Exec. VP, Investor Relations & Treasurer
  • Mr. Gregory L. Davis (Age 55)
    Exec. VP & Chief Lending Officer of SmartBank
  • Mr. Rhett D. Jordan (Age 50)
    Exec. VP & Chief Credit Officer of SmartBank
  • Mr. Gary Wayne Petty Jr. (Age 47)
    Exec. VP & Chief Risk Officer
  • Ms. Kelley L. Fowler
    Sr. VP and Director of Marketing & PR - SmartBank
  • Travis Lytle
    Sr. VP and Director of Community Devel. & Community Reinvestment Act Officer
  • Mr. Daniel Hereford (Age 41)
    Exec. VP & Chief Information Officer of SmartBank
  • Monty Hatcher
    Exec. VP













SMBK Stock - Frequently Asked Questions

Should I buy or sell SmartFinancial stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SmartFinancial in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SMBK shares.
View SMBK analyst ratings
or view top-rated stocks.

What is SmartFinancial's stock price forecast for 2022?

3 brokerages have issued 1 year price targets for SmartFinancial's stock. Their SMBK stock forecasts range from $27.00 to $30.00. On average, they predict the company's stock price to reach $29.00 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
View analysts price targets for SMBK
or view top-rated stocks among Wall Street analysts.

How has SmartFinancial's stock price performed in 2022?

SmartFinancial's stock was trading at $27.36 at the beginning of 2022. Since then, SMBK shares have decreased by 8.5% and is now trading at $25.04.
View the best growth stocks for 2022 here
.

When is SmartFinancial's next earnings date?

SmartFinancial is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our SMBK earnings forecast
.

How were SmartFinancial's earnings last quarter?

SmartFinancial, Inc. (NASDAQ:SMBK) posted its quarterly earnings results on Monday, July, 25th. The bank reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. SmartFinancial had a net margin of 21.34% and a trailing twelve-month return on equity of 8.82%. During the same quarter in the prior year, the company earned $0.60 earnings per share.

How often does SmartFinancial pay dividends? What is the dividend yield for SmartFinancial?

SmartFinancial announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Friday, August 12th will be given a dividend of $0.07 per share on Monday, August 29th. This represents a $0.28 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, August 11th.
Read our dividend analysis for SMBK
.

Is SmartFinancial a good dividend stock?

SmartFinancial (NASDAQ:SMBK) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.09%. 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 13.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMBK will have a dividend payout ratio of 9.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMBK.

What is Billy Carroll's approval rating as SmartFinancial's CEO?

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.

What other stocks do shareholders of SmartFinancial own?

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).

What is SmartFinancial's stock symbol?

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

Who are SmartFinancial's major shareholders?

SmartFinancial's stock is owned by a number of retail and institutional investors. Top institutional investors include Salzhauer Michael (1.01%), Crescent Grove Advisors LLC (0.39%), Russell Investments Group Ltd. (0.29%), Victory Capital Management Inc. (0.24%), Strs Ohio (0.15%) and Equitable Trust Co. (0.12%). Insiders that own company stock include Clifton N Miller, David Austin Ogle, John M Presley, Ted Charles Miller, Wesley Miller Welborn and William Young Sr Carroll.
View institutional ownership trends
.

How do I buy shares of SmartFinancial?

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.
Compare Top Brokerages Here.

What is SmartFinancial's stock price today?

One share of SMBK stock can currently be purchased for approximately $25.04.

How much money does SmartFinancial make?

SmartFinancial (NASDAQ:SMBK) has a market capitalization of $423.10 million and generates $149.18 million in revenue each year. The bank earns $34.79 million in net income (profit) each year or $2.11 on an earnings per share basis.

How many employees does SmartFinancial have?

SmartFinancial employs 539 workers across the globe.

How can I contact SmartFinancial?

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.

This page (NASDAQ:SMBK) was last updated on 8/8/2022 by MarketBeat.com Staff

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