SmartFinancial, Inc. (NASDAQ:SMBK – Get Free Report) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $27.00.
A number of analysts have commented on the company. Piper Sandler downgraded SmartFinancial from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $26.00 to $28.00 in a research report on Wednesday, July 24th. Hovde Group increased their price target on SmartFinancial from $24.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Finally, Stephens reissued an “overweight” rating and issued a $27.00 target price on shares of SmartFinancial in a research report on Tuesday, July 23rd.
Read Our Latest Stock Report on SmartFinancial
Hedge Funds Weigh In On SmartFinancial
SmartFinancial Stock Down 0.8 %
SMBK opened at $29.94 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 0.90. SmartFinancial has a one year low of $19.00 and a one year high of $30.21. The business’s 50-day simple moving average is $28.03 and its 200-day simple moving average is $23.94. The stock has a market capitalization of $510.87 million, a P/E ratio of 19.19 and a beta of 0.69.
SmartFinancial (NASDAQ:SMBK – Get Free Report) last released its earnings results on Monday, July 22nd. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. SmartFinancial had a return on equity of 6.55% and a net margin of 9.93%. The company had revenue of $68.89 million for the quarter, compared to analysts’ expectations of $40.32 million. During the same quarter in the previous year, the firm posted $0.52 EPS. Analysts anticipate that SmartFinancial will post 1.99 EPS for the current year.
SmartFinancial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, August 9th. SmartFinancial’s dividend payout ratio (DPR) is presently 20.51%.
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.
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