SmartFinancial (SMBK) to Release Earnings on Monday

SmartFinancial (NASDAQ:SMBK) will be announcing its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

SmartFinancial (NASDAQ:SMBK) last issued its earnings results on Monday, July 22nd. The bank reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $68.89 million for the quarter, compared to the consensus estimate of $40.32 million. SmartFinancial had a net margin of 9.93% and a return on equity of 6.55%. During the same quarter in the previous year, the company earned $0.52 EPS. On average, analysts expect SmartFinancial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SmartFinancial Price Performance

NASDAQ:SMBK opened at $31.07 on Friday. The firm has a market cap of $530.06 million, a PE ratio of 19.91 and a beta of 0.69. SmartFinancial has a 12 month low of $19.00 and a 12 month high of $31.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $28.82 and its two-hundred day moving average price is $25.11.

SmartFinancial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were paid a $0.08 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.03%. SmartFinancial’s dividend payout ratio (DPR) is presently 20.51%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SMBK shares. Hovde Group lifted their price target on SmartFinancial from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Piper Sandler cut shares of SmartFinancial from an “overweight” rating to a “neutral” rating and increased their price target for the company from $26.00 to $28.00 in a research note on Wednesday, July 24th. Finally, Stephens restated an “overweight” rating and issued a $27.00 price objective on shares of SmartFinancial in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.00.

SmartFinancial Company Profile

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.