SmartFinancial Inc (NASDAQ:SMBK) CFO C Bryan Johnson acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was purchased at an average price of $23.57 per share, with a total value of $94,280.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ SMBK opened at $23.15 on Monday. SmartFinancial Inc has a twelve month low of $20.35 and a twelve month high of $26.26. The company has a market capitalization of $260.07, a P/E ratio of 20.86 and a beta of 0.16. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.21.
SmartFinancial (NASDAQ:SMBK) last announced its earnings results on Wednesday, January 31st. The bank reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. The business had revenue of $16.92 million during the quarter, compared to analyst estimates of $14.60 million. SmartFinancial had a net margin of 8.80% and a return on equity of 5.69%. sell-side analysts expect that SmartFinancial Inc will post 1.5 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on SMBK. BidaskClub upgraded shares of SmartFinancial from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th. Zacks Investment Research upgraded shares of SmartFinancial from a “sell” rating to a “hold” rating in a report on Friday, January 5th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Forest Hill Capital LLC raised its stake in SmartFinancial by 8.9% during 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. Ladenburg Thalmann Financial Services Inc. purchased a new stake in SmartFinancial during the 4th quarter valued at $184,000. Deutsche Bank AG raised its stake in SmartFinancial by 106.0% during the 4th quarter. Deutsche Bank AG now owns 48,875 shares of the bank’s stock valued at $1,059,000 after buying an additional 25,152 shares during the last quarter. Renaissance Technologies LLC raised its stake in SmartFinancial by 44.5% during the 4th quarter. Renaissance Technologies LLC now owns 47,800 shares of the bank’s stock valued at $1,037,000 after buying an additional 14,710 shares during the last quarter. Finally, Context BH Capital Management LP raised its stake in SmartFinancial by 15.6% during the 4th quarter. Context BH Capital Management LP now owns 47,604 shares of the bank’s stock valued at $1,033,000 after buying an additional 6,423 shares during the last quarter. Institutional investors and hedge funds own 31.11% of the company’s stock.
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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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