Wall Street analysts expect SmartFinancial Inc (NASDAQ:SMBK) to announce earnings per share (EPS) of $0.41 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for SmartFinancial’s earnings, with estimates ranging from $0.39 to $0.42. SmartFinancial posted earnings of $0.39 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The business is scheduled to announce its next quarterly earnings results on Tuesday, July 23rd.
According to Zacks, analysts expect that SmartFinancial will report full year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.68 to $1.71. For the next fiscal year, analysts expect that the company will post earnings of $1.82 per share, with EPS estimates ranging from $1.74 to $1.96. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for SmartFinancial.
SmartFinancial (NASDAQ:SMBK) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $22.70 million during the quarter, compared to analysts’ expectations of $23.06 million. SmartFinancial had a net margin of 18.23% and a return on equity of 7.91%.
SMBK has been the topic of several research analyst reports. Sandler O’Neill initiated coverage on shares of SmartFinancial in a research report on Monday, March 4th. They set a “buy” rating on the stock. BidaskClub raised shares of SmartFinancial from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. FIG Partners initiated coverage on shares of SmartFinancial in a research report on Friday, February 22nd. They set an “outperform” rating on the stock. Zacks Investment Research raised shares of SmartFinancial from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, March 14th. Finally, ValuEngine raised shares of SmartFinancial from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $24.50.
NASDAQ:SMBK opened at $21.10 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $292.04 million, a price-to-earnings ratio of 13.61 and a beta of 0.53. SmartFinancial has a 1-year low of $16.17 and a 1-year high of $27.69.
In related news, Director Monique Berke purchased 4,000 shares of SmartFinancial stock in a transaction dated Thursday, May 9th. The shares were acquired at an average price of $21.21 per share, with a total value of $84,840.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.82% of the company’s stock.
Several hedge funds have recently modified their holdings of SMBK. Penn Capital Management Co. Inc. raised its stake in SmartFinancial by 4.9% during the fourth quarter. Penn Capital Management Co. Inc. now owns 136,180 shares of the bank’s stock worth $2,488,000 after acquiring an additional 6,408 shares during the period. Suntrust Banks Inc. acquired a new stake in SmartFinancial during the fourth quarter worth about $368,000. Context BH Capital Management LP raised its stake in SmartFinancial by 25.5% during the fourth quarter. Context BH Capital Management LP now owns 156,947 shares of the bank’s stock worth $2,867,000 after acquiring an additional 31,933 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in SmartFinancial during the fourth quarter worth about $341,000. Finally, Aptus Capital Advisors LLC acquired a new stake in SmartFinancial during the fourth quarter worth about $274,000. 38.73% of the stock is currently owned by institutional investors and hedge funds.
SmartFinancial, Inc operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia. 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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