SmartFinancial (SMBK) to Release Earnings on Monday

SmartFinancial (NASDAQ:SMBK) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

SmartFinancial (NASDAQ:SMBK) last released its earnings results on Monday, July 22nd. The bank reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. SmartFinancial had a net margin of 9.93% and a return on equity of 6.55%. The company had revenue of $68.89 million for the quarter, compared to analysts’ expectations of $40.32 million. During the same quarter in the previous year, the company earned $0.52 EPS. On average, analysts expect SmartFinancial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SmartFinancial Trading Down 1.3 %

Shares of SMBK stock opened at $31.09 on Friday. The stock has a fifty day simple moving average of $28.82 and a two-hundred day simple moving average of $25.14. SmartFinancial has a 52-week low of $19.00 and a 52-week high of $31.50. The firm has a market capitalization of $530.49 million, a PE ratio of 19.93 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 0.90.

SmartFinancial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were issued a $0.08 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. SmartFinancial’s dividend payout ratio is presently 20.51%.

Analyst Ratings Changes

A number of brokerages have issued reports on SMBK. Stephens reaffirmed an “overweight” rating and set a $27.00 price objective on shares of SmartFinancial in a report on Tuesday, July 23rd. Hovde Group lifted their price target on shares of SmartFinancial from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Finally, Piper Sandler downgraded shares of SmartFinancial from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $26.00 to $28.00 in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.