SmartFinancial Inc (NASDAQ:SMBK) CFO C Bryan Johnson bought 4,000 shares of the company’s stock in a transaction on Friday, March 16th. The stock was purchased at an average cost of $23.57 per share, for a total transaction of $94,280.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of SmartFinancial Inc (NASDAQ SMBK) traded up $0.50 during midday trading on Friday, hitting $23.63. The stock had a trading volume of 43,595 shares, compared to its average volume of 30,606. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $257.97, a price-to-earnings ratio of 40.05 and a beta of 0.23. SmartFinancial Inc has a fifty-two week low of $18.25 and a fifty-two week high of $26.26.
SmartFinancial (NASDAQ:SMBK) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.15. The business had revenue of $16.92 million for the quarter, compared to analyst estimates of $14.60 million. SmartFinancial had a return on equity of 6.44% and a net margin of 8.80%. analysts predict that SmartFinancial Inc will post 1.5 earnings per share for the current year.
A number of research analysts have recently commented on the company. BidaskClub raised SmartFinancial from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised SmartFinancial from a “sell” rating to a “hold” rating in a report on Friday, January 5th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Banc Funds Co. LLC grew its holdings in SmartFinancial by 8.6% in the 4th quarter. Banc Funds Co. LLC now owns 473,518 shares of the bank’s stock valued at $10,275,000 after buying an additional 37,518 shares during the last quarter. BlackRock Inc. grew its holdings in SmartFinancial by 1.5% in the 4th quarter. BlackRock Inc. now owns 336,848 shares of the bank’s stock valued at $7,309,000 after buying an additional 4,953 shares during the last quarter. Forest Hill Capital LLC grew its holdings in SmartFinancial by 8.9% in the 4th quarter. Forest Hill Capital LLC now owns 309,868 shares of the bank’s stock valued at $6,724,000 after buying an additional 25,405 shares during the last quarter. Vanguard Group Inc. grew its holdings in SmartFinancial by 41.6% in the 2nd quarter. Vanguard Group Inc. now owns 225,156 shares of the bank’s stock valued at $5,377,000 after buying an additional 66,143 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in SmartFinancial by 8.7% in the 4th quarter. Wasatch Advisors Inc. now owns 124,330 shares of the bank’s stock valued at $2,698,000 after buying an additional 10,000 shares during the last quarter. 31.30% of the stock is currently owned by institutional investors and hedge funds.
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SmartFinancial Company Profile
SmartFinancial, Inc, formerly Cornerstone Bancshares, Inc, is a bank holding company. The Company operates through its SmartBank subsidiary (The Bank). The principal business of the Bank consists of attracting deposits from the public and investing those funds, together with funds generated from operations and from principal and interest payments on loans.
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