Headlines about SmartFinancial (NASDAQ:SMBK) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. SmartFinancial earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.2634720579456 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
SMBK has been the topic of a number of research analyst reports. BidaskClub downgraded SmartFinancial from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. Stephens initiated coverage on SmartFinancial in a research report on Tuesday, June 26th. They issued an “equal weight” rating and a $27.00 target price on the stock. Zacks Investment Research downgraded SmartFinancial from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Hovde Group boosted their target price on SmartFinancial from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, June 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.80.
SMBK stock traded down $0.33 during midday trading on Wednesday, reaching $24.12. 2,372 shares of the company traded hands, compared to its average volume of 18,831. SmartFinancial has a 52-week low of $19.49 and a 52-week high of $27.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $312.28 million, a PE ratio of 21.73 and a beta of 0.10.
SmartFinancial (NASDAQ:SMBK) last issued its quarterly earnings data on Tuesday, July 24th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. SmartFinancial had a return on equity of 7.08% and a net margin of 11.64%. The business had revenue of $21.12 million for the quarter, compared to the consensus estimate of $20.40 million. equities research analysts expect that SmartFinancial will post 1.57 EPS for the current year.
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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