SmartFinancial Inc (SMBK) CFO C Bryan Johnson Purchases 975 Shares

SmartFinancial Inc (NASDAQ:SMBK) CFO C Bryan Johnson purchased 975 shares of SmartFinancial stock in a transaction on Friday, November 2nd. The stock was bought at an average price of $20.43 per share, with a total value of $19,919.25. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of SMBK opened at $20.27 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 1.00. SmartFinancial Inc has a 52 week low of $19.49 and a 52 week high of $27.69. The stock has a market capitalization of $259.55 million, a price-to-earnings ratio of 13.90 and a beta of 0.35.

SmartFinancial (NASDAQ:SMBK) last released its earnings results on Tuesday, October 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). SmartFinancial had a return on equity of 7.89% and a net margin of 13.11%. The business had revenue of $20.72 million for the quarter, compared to analysts’ expectations of $21.40 million. As a group, research analysts anticipate that SmartFinancial Inc will post 1.53 earnings per share for the current fiscal year.

A number of brokerages have commented on SMBK. BidaskClub cut SmartFinancial from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 13th. Zacks Investment Research cut SmartFinancial from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. ValuEngine upgraded SmartFinancial from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Raymond James set a $24.00 price target on SmartFinancial and gave the stock a “buy” rating in a research report on Thursday, October 25th. Finally, Stephens restated a “hold” rating and issued a $23.00 price target on shares of SmartFinancial in a research report on Friday, October 26th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.60.

Several large investors have recently added to or reduced their stakes in SMBK. Metropolitan Life Insurance Co. NY purchased a new stake in shares of SmartFinancial during the second quarter worth about $106,000. MetLife Investment Advisors LLC purchased a new stake in shares of SmartFinancial during the second quarter worth about $150,000. Rhumbline Advisers purchased a new position in SmartFinancial during the 2nd quarter valued at approximately $275,000. Acadian Asset Management LLC purchased a new position in SmartFinancial during the 2nd quarter valued at approximately $346,000. Finally, Millennium Management LLC purchased a new position in SmartFinancial during the 1st quarter valued at approximately $517,000. Hedge funds and other institutional investors own 36.44% of the company’s stock.

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About SmartFinancial

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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