SmartFinancial (NASDAQ:SMBK – Get Free Report) posted its earnings results on Monday. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05, Yahoo Finance reports. SmartFinancial had a net margin of 9.93% and a return on equity of 6.55%. The firm had revenue of $73.10 million during the quarter, compared to the consensus estimate of $42.32 million. During the same period last year, the firm posted $0.43 EPS.
SmartFinancial Price Performance
Shares of NASDAQ:SMBK opened at $31.04 on Wednesday. The business has a fifty day simple moving average of $28.97 and a 200-day simple moving average of $25.32. SmartFinancial has a 52 week low of $19.00 and a 52 week high of $31.54. The company has a market cap of $529.64 million, a P/E ratio of 19.90 and a beta of 0.69. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12.
SmartFinancial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, August 9th. SmartFinancial’s dividend payout ratio (DPR) is 20.51%.
Analyst Ratings Changes
Get Our Latest Stock Report on SmartFinancial
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.
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