SmartFinancial Inc (NASDAQ:SMBK)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $26.65 and last traded at $26.55, with a volume of 919 shares. The stock had previously closed at $25.94.
A number of equities analysts recently commented on the stock. BidaskClub raised shares of SmartFinancial from a “hold” rating to a “buy” rating in a research note on Tuesday, March 13th. Raymond James lifted their price target on shares of SmartFinancial from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, April 26th. Zacks Investment Research cut shares of SmartFinancial from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. Stephens assumed coverage on shares of SmartFinancial in a research note on Tuesday. They set an “equal weight” rating and a $27.00 price target for the company. Finally, Keefe, Bruyette & Woods assumed coverage on shares of SmartFinancial in a research note on Monday, April 9th. They set a “market perform” rating and a $26.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. SmartFinancial has an average rating of “Buy” and an average target price of $26.25.
The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $293.72 million, a P/E ratio of 23.95 and a beta of 0.15.
SmartFinancial (NASDAQ:SMBK) last released its quarterly earnings data on Tuesday, April 24th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). The company had revenue of $18.45 million during the quarter, compared to analysts’ expectations of $17.80 million. SmartFinancial had a net margin of 10.26% and a return on equity of 6.37%. analysts predict that SmartFinancial Inc will post 1.55 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. purchased a new stake in SmartFinancial in the 4th quarter valued at about $184,000. Wells Fargo & Company MN boosted its position in SmartFinancial by 323.1% in the 4th quarter. Wells Fargo & Company MN now owns 12,595 shares of the bank’s stock valued at $274,000 after buying an additional 9,618 shares during the period. Salzhauer Michael purchased a new stake in SmartFinancial in the 1st quarter valued at about $326,000. Kennedy Capital Management Inc. purchased a new stake in SmartFinancial in the 4th quarter valued at about $387,000. Finally, Millennium Management LLC purchased a new stake in SmartFinancial in the 1st quarter valued at about $517,000. 35.74% of the stock is owned by institutional investors.
SmartFinancial, Inc operates as the bank holding company for the SmartBank that provides various financial services to individuals and corporate customers in the United States. 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.
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