SmartFinancial (SMBK) Expected to Announce Earnings on Tuesday

SmartFinancial (NASDAQ:SMBK) is expected to announce its earnings results after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.50 per share and revenue of $44,367.60 billion for the quarter.

SmartFinancial (NASDAQ:SMBK) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The business had revenue of $73.10 million during the quarter, compared to the consensus estimate of $42.32 million. SmartFinancial had a return on equity of 6.81% and a net margin of 11.88%. During the same period in the prior year, the company earned $0.43 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 SmartFinancial stock traded up $0.66 during trading on Wednesday, reaching $31.13. The company’s stock had a trading volume of 42,953 shares, compared to its average volume of 56,461. The company has a 50-day moving average price of $33.68 and a two-hundred day moving average price of $30.32. SmartFinancial has a fifty-two week low of $19.00 and a fifty-two week high of $37.72. The firm has a market cap of $527.03 million, a PE ratio of 16.05 and a beta of 0.68. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.10.

SmartFinancial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. SmartFinancial’s dividend payout ratio is presently 16.49%.

Insider Buying and Selling

In other SmartFinancial news, Director John M. Presley sold 6,916 shares of SmartFinancial stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $35.05, for a total transaction of $242,405.80. Following the completion of the transaction, the director now owns 3,960 shares in the company, valued at approximately $138,798. The trade was a 63.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 7,516 shares of company stock worth $262,600 in the last three months. Corporate insiders own 7.68% of the company’s stock.

Wall Street Analysts Forecast Growth

SMBK has been the topic of a number of research reports. Raymond James raised their price target on SmartFinancial from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. Hovde Group lifted their target price on SmartFinancial from $28.00 to $32.50 and gave the company a “market perform” rating in a research note on Wednesday, October 23rd. Finally, Stephens lowered SmartFinancial from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.50.

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.