SmartFinancial (SMBK) Projected to Post Quarterly Earnings on Tuesday

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

SmartFinancial (NASDAQ:SMBK) last posted its earnings results on Monday, October 21st. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. SmartFinancial had a return on equity of 6.81% and a net margin of 11.88%. The firm had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $42.32 million. During the same period in the previous year, the firm 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 Up 1.0 %

NASDAQ:SMBK opened at $31.53 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.10. The stock has a market cap of $533.72 million, a price-to-earnings ratio of 16.25 and a beta of 0.70. The stock has a 50-day moving average price of $33.50 and a two-hundred day moving average price of $30.48. SmartFinancial has a 1 year low of $19.00 and a 1 year high of $37.72.

SmartFinancial Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on SMBK shares. Raymond James upped their price objective on SmartFinancial from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Hovde Group upped their target price on SmartFinancial from $28.00 to $32.50 and gave the stock a “market perform” rating in a report on Wednesday, October 23rd. Finally, Stephens lowered SmartFinancial from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, SmartFinancial has an average rating of “Hold” and an average price target of $29.50.

Insider Buying and Selling

In other SmartFinancial news, Director John M. Presley sold 6,916 shares of the firm’s stock in a transaction 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 sale, the director now owns 3,960 shares of the company’s stock, valued at approximately $138,798. This trade represents a 63.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 7,516 shares of company stock valued at $262,600 over the last 90 days. 7.68% of the stock is owned by corporate 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.