NASDAQ:SMBKSmartFinancial Stock Price, Forecast & News

$15.55

+0.96 (+6.58 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$14.85

Now: $15.55▼

$16.34

50-Day Range

$12.34

MA: $14.12▼

$17.18

52-Week Range

$11.05

Now: $15.55▼

$23.99

Volume26,035 shs

Average Volume36,723 shs

Market Capitalization$236.62 million

P/E Ratio8.94

Dividend Yield1.37%

Beta0.79

SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia. The company offers various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit. It also provides commercial real estate loans, consumer real estate loans, and construction and land development loans; commercial and industrial loans, including commercial, financial, and agricultural loans; and consumer and other loans, such as direct consumer installment loans, overdrafts and other revolving credit loans, and educational loans. In addition, the company offers Internet and mobile banking services. As of December 31, 2018, it operated through 29 full-service branches located in Tennessee, Alabama, and Florida; and 2 loan production offices, 2 mortgage loan production offices, and 2 service centers. SmartFinancial, Inc. is headquartered in Knoxville, Tennessee.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
SmartFinancial has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.00, SmartFinancial has a potential upside of 54.3% from its current price of $15.55.
Amount of Analyst Coverage
SmartFinancial has received no research coverage in the past 90 days.

2.3 Community Rank

Outperform Votes
SmartFinancial has received 159 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
SmartFinancial has received 181 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
SmartFinancial has received 53.24% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about SmartFinancial and other stocks. Vote “Outperform” if you believe SMBK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SMBK will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
SmartFinancial is a leading dividend payer. It pays a dividend yield of 1.37%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
SmartFinancial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of SmartFinancial is 11.90 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, SmartFinancial will have a dividend payout ratio of 16.39 % next year. This indicates that SmartFinancial will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SmartFinancial insiders have bought 221.78% more of their company's stock than they have sold. Specifically, they have bought $271,900.00 in company stock and sold $84,500.00 in company stock.
Percentage Held by Insiders
Only 8.94% of the stock of SmartFinancial is held by insiders.
Percentage Held by Institutions
40.68% of the stock of SmartFinancial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for SmartFinancial are expected to decrease by -4.69% in the coming year, from $1.28 to $1.22 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SmartFinancial is 8.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of SmartFinancial is 8.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.63.
Price to Book Value per Share Ratio
SmartFinancial has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.94 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:SMBK

Previous SymbolOTCMKTS:CSBQ

CUSIPN/A

CIK1038773

Webwww.smartfinancialinc.com

Phone865-437-5700

Debt

Debt-to-Equity Ratio0.49

Current Ratio1.04

Quick Ratio1.04

Price-To-Earnings

Trailing P/E Ratio8.94

Forward P/E Ratio12.15

P/E GrowthN/A

Sales & Book Value

Annual Sales$123.77 million

Price / Sales1.91

Cash Flow$1.71 per share

Price / Cash Flow9.07

Book Value$22.40 per share

Price / Book0.69

Profitability

EPS (Most Recent Fiscal Year)$1.68

Net Income$26.55 million

Net Margins19.49%

Return on Equity7.14%

Return on Assets0.89%

Miscellaneous

Employees387

Outstanding Shares15,217,000

Market Cap$236.62 million

Next Earnings Date7/22/2020 (Estimated)

OptionableNot Optionable

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SmartFinancial (NASDAQ:SMBK) Frequently Asked Questions

How has SmartFinancial's stock been impacted by COVID-19 (Coronavirus)?

SmartFinancial's stock was trading at $15.04 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SMBK stock has increased by 3.4% and is now trading at $15.55. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of SmartFinancial?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SmartFinancial in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for SmartFinancial.

When is SmartFinancial's next earnings date?

SmartFinancial is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for SmartFinancial.

How were SmartFinancial's earnings last quarter?

SmartFinancial Inc (NASDAQ:SMBK) released its quarterly earnings data on Tuesday, April, 28th. The bank reported $0.30 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.29 by $0.01. The bank had revenue of $25.39 million for the quarter, compared to analyst estimates of $23.37 million. SmartFinancial had a return on equity of 7.14% and a net margin of 19.49%. View SmartFinancial's earnings history.

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

SmartFinancial announced a quarterly dividend on Thursday, April 23rd. Investors of record on Friday, May 8th will be given a dividend of $0.05 per share on Monday, May 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 7th. View SmartFinancial's dividend history.

What price target have analysts set for SMBK?

3 brokers have issued 12-month price objectives for SmartFinancial's stock. Their forecasts range from $23.00 to $25.00. On average, they expect SmartFinancial's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 54.3% from the stock's current price. View analysts' price targets for SmartFinancial.

Has SmartFinancial been receiving favorable news coverage?

News coverage about SMBK stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SmartFinancial earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutSmartFinancial.

Are investors shorting SmartFinancial?

SmartFinancial saw a decline in short interest in May. As of May 15th, there was short interest totaling 80,000 shares, a decline of 9.7% from the April 30th total of 88,600 shares. Based on an average daily volume of 38,300 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.6% of the company's shares are sold short. View SmartFinancial's Current Options Chain.

Who are some of SmartFinancial's key competitors?

Some companies that are related to SmartFinancial include National Bank (NBHC), First Commonwealth Financial (FCF), Farmers And Merchants Bank of Long Beach (FMBL), Meridian Bancorp (EBSB), Nicolet Bankshares (NCBS), Banc of California (BANC), Mercantil Bank (AMTB), CBTX (CBTX), Camden National (CAC), Bancorp (TBBK), First Bancshares (FBMS), Arrow Financial (AROW), Bridge Bancorp (BDGE), First of Long Island (FLIC) and Financial Institutions (FISI). View all competitors.

What other stocks do shareholders of SmartFinancial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SmartFinancial investors own include Ring Energy (REI), Ring Energy (REI), Verizon Communications (VZ), Canopy Growth (CGC), Edwards Lifesciences (EW), General Mills (GIS), Huntington Bancshares (HBAN), Royal Bank of Canada (RY), Shaw Communications (SJR) and Southern (SO).

Who are SmartFinancial's key executives?

SmartFinancial's management team includes the following people:

Mr. William Young Carroll Jr., Pres, CEO & Director (Age 50)
Mr. Christopher Bryan Johnson, Exec. VP & CFO (Age 49)
Mr. Nathaniel Frank Hughes, Exec. VP of SmartFinancial Investment & Institutional Investor Relations (Age 60)
Mr. Ronald J. Gorczynski, Exec. VP & Chief Admin. Officer (Age 53)
Mr. Robert B. Watson, Regional Pres of Southeast Tennessee (Age 62)

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 shareholders include BlackRock Inc. (4.70%), Banc Funds Co. LLC (3.73%), Private Capital Management LLC (2.92%), State Street Corp (1.39%), Foundry Partners LLC (1.31%) and Geode Capital Management LLC (1.28%). Company insiders that own SmartFinancial stock include C Bryan Johnson, Clifton N Miller, David Austin Ogle, James Beaumont Wicks, Monique Berke, Steven B Tucker, Ted Charles Miller, Wesley Miller Welborn, William L Yoder and William Young Sr Carroll. View institutional ownership trends for SmartFinancial.

Which major investors are selling SmartFinancial stock?

SMBK stock was sold by a variety of institutional investors in the last quarter, including Private Capital Management LLC, Mackay Shields LLC, Morgan Stanley, Wells Fargo & Company MN, Banc Funds Co. LLC, Nuveen Asset Management LLC, UBS Group AG, and Victory Capital Management Inc.. View insider buying and selling activity for SmartFinancial.

Which major investors are buying SmartFinancial stock?

SMBK stock was purchased by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, New York State Common Retirement Fund, Geode Capital Management LLC, JPMorgan Chase & Co., Penn Capital Management Co. Inc., Advisor Group Holdings Inc., Martingale Asset Management L P, and Bessemer Group Inc.. Company insiders that have bought SmartFinancial stock in the last two years include C Bryan Johnson, Clifton N Miller, David Austin Ogle, James Beaumont Wicks, Monique Berke, Steven B Tucker, Ted Charles Miller, Wesley Miller Welborn, and William Young Sr Carroll. View insider buying and selling activity for SmartFinancial.

How do I buy shares of SmartFinancial?

Shares of SMBK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is SmartFinancial's stock price today?

One share of SMBK stock can currently be purchased for approximately $15.55.

How big of a company is SmartFinancial?

SmartFinancial has a market capitalization of $236.62 million and generates $123.77 million in revenue each year. The bank earns $26.55 million in net income (profit) each year or $1.68 on an earnings per share basis. SmartFinancial employs 387 workers across the globe.

What is SmartFinancial's official website?

The official website for SmartFinancial is www.smartfinancialinc.com.

How can I contact SmartFinancial?

SmartFinancial's mailing address is 5401 Kingston Pike Suite 600, Knoxville TN, 37919. The bank can be reached via phone at 865-437-5700 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff