SmartFinancial (SMBK) Projected to Post Quarterly Earnings on Tuesday

SmartFinancial (NASDAQ:SMBK) is expected to be issuing its quarterly earnings data 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 results on Monday, October 21st. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The company had revenue of $73.10 million for the quarter, compared to the consensus estimate of $42.32 million. SmartFinancial had a net margin of 11.88% and a return on equity of 6.81%. During the same quarter last year, the firm posted $0.43 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 Up 1.0 %

NASDAQ SMBK opened at $31.53 on Friday. The company’s 50-day simple moving average is $33.50 and its two-hundred day simple moving average is $30.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 0.90. SmartFinancial has a one year low of $19.00 and a one year high of $37.72. The company has a market capitalization of $533.72 million, a price-to-earnings ratio of 16.25 and a beta of 0.70.

SmartFinancial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.02%. SmartFinancial’s payout ratio is 16.49%.

Wall Street Analyst Weigh In

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

Insider Transactions at SmartFinancial

In other SmartFinancial news, Director John M. Presley sold 6,916 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $35.05, for a total value of $242,405.80. Following the transaction, the director now directly owns 3,960 shares of the company’s stock, valued at $138,798. This represents a 63.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 7,516 shares of company stock worth $262,600. 7.68% of the stock is currently owned by company insiders.

About SmartFinancial

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.