SmartFinancial (SMBK) to Release Earnings on Monday

SmartFinancial (NASDAQ:SMBK) will announce its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

SmartFinancial (NASDAQ:SMBK) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). The business had revenue of $65.07 million during the quarter, compared to the consensus estimate of $39.14 million. SmartFinancial had a return on equity of 7.67% and a net margin of 11.90%. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, analysts expect SmartFinancial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SmartFinancial Stock Performance

Shares of NASDAQ SMBK opened at $19.90 on Friday. The firm’s 50-day moving average price is $20.95 and its 200-day moving average price is $21.95. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market cap of $339.43 million, a PE ratio of 11.78 and a beta of 0.69. SmartFinancial has a 52-week low of $18.86 and a 52-week high of $25.98.

SmartFinancial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Friday, February 2nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Thursday, February 1st. SmartFinancial’s payout ratio is 18.93%.

Insider Activity at SmartFinancial

In other SmartFinancial news, EVP Gary Wayne Petty, Jr. sold 2,394 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $21.63, for a total transaction of $51,782.22. Following the sale, the executive vice president now owns 19,091 shares of the company’s stock, valued at $412,938.33. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.80% of the stock is owned by corporate insiders.

Institutional Trading of SmartFinancial

Large investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. boosted its stake in shares of SmartFinancial by 43.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,180 shares of the bank’s stock worth $286,000 after purchasing an additional 3,365 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SmartFinancial by 17.1% during the 1st quarter. Bank of New York Mellon Corp now owns 73,735 shares of the bank’s stock worth $1,887,000 after acquiring an additional 10,757 shares during the period. American Century Companies Inc. grew its position in SmartFinancial by 28.2% during the first quarter. American Century Companies Inc. now owns 44,839 shares of the bank’s stock valued at $1,147,000 after acquiring an additional 9,858 shares during the period. MetLife Investment Management LLC increased its stake in SmartFinancial by 58.5% during the first quarter. MetLife Investment Management LLC now owns 8,657 shares of the bank’s stock worth $221,000 after acquiring an additional 3,195 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of SmartFinancial by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 443,114 shares of the bank’s stock valued at $11,335,000 after purchasing an additional 16,096 shares in the last quarter. 58.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on SMBK shares. StockNews.com raised shares of SmartFinancial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods upped their price objective on shares of SmartFinancial from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Raymond James increased their price target on shares of SmartFinancial from $24.00 to $28.00 and gave the stock a “strong-buy” rating in a report on Friday, January 5th. Finally, Stephens reiterated an “overweight” rating and issued a $27.00 target price on shares of SmartFinancial in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SmartFinancial currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

SmartFinancial Company Profile

SmartFinancial, Inc operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, and Florida. It operates through Commercial Real Estate, Consumer Real Estate, Construction and Land Development, Commercial and Industrial, Leases, and Consumer and Other segments.