SmartFinancial Inc (NASDAQ:SMBK) Director James Beaumont Wicks purchased 10,250 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were bought at an average cost of $24.74 per share, with a total value of $253,585.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
NASDAQ:SMBK traded down $0.22 during mid-day trading on Thursday, hitting $24.00. 12,800 shares of the company traded hands, compared to its average volume of 17,426. SmartFinancial Inc has a one year low of $19.49 and a one year high of $27.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $312.28 million, a PE ratio of 21.62 and a beta of 0.09.
SmartFinancial (NASDAQ:SMBK) last announced its quarterly earnings data on Tuesday, July 24th. The bank reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts forecast that SmartFinancial Inc will post 1.57 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY purchased a new position in shares of SmartFinancial in the second quarter valued at about $106,000. MetLife Investment Advisors LLC purchased a new position in shares of SmartFinancial in the second quarter valued at about $150,000. Schwab Charles Investment Management Inc. lifted its position in shares of SmartFinancial by 68.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 21,400 shares of the bank’s stock valued at $552,000 after acquiring an additional 8,700 shares in the last quarter. Private Capital Management LLC lifted its position in shares of SmartFinancial by 39.4% in the second quarter. Private Capital Management LLC now owns 31,178 shares of the bank’s stock valued at $803,000 after acquiring an additional 8,817 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of SmartFinancial by 31.7% in the second quarter. Bank of New York Mellon Corp now owns 39,076 shares of the bank’s stock valued at $1,007,000 after acquiring an additional 9,400 shares in the last quarter. Institutional investors and hedge funds own 36.59% of the company’s stock.
SMBK has been the subject of several recent research reports. BidaskClub lowered SmartFinancial from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Hovde Group boosted their price target on SmartFinancial from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, June 29th. Zacks Investment Research lowered SmartFinancial from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Stephens initiated coverage on SmartFinancial in a report on Tuesday, June 26th. They set an “equal weight” rating and a $27.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. SmartFinancial currently has an average rating of “Hold” and an average target price of $26.80.
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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