SmartFinancial (SMBK) to Release Earnings on Monday

SmartFinancial (NASDAQ:SMBK) is scheduled to be issuing 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. Parties interested in participating in the company’s conference call can do so using this link.

SmartFinancial (NASDAQ:SMBK) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $68.89 million for the quarter, compared to analyst estimates of $40.32 million. SmartFinancial had a net margin of 9.93% and a return on equity of 6.55%. During the same quarter in the previous year, the firm posted $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 Up 3.9 %

Shares of SmartFinancial stock opened at $29.58 on Monday. The firm has a market capitalization of $504.72 million, a PE ratio of 18.96 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.90 and a quick ratio of 0.90. The company’s fifty day moving average price is $28.43 and its two-hundred day moving average price is $24.80. SmartFinancial has a 52-week low of $19.00 and a 52-week high of $30.21.

SmartFinancial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, August 9th. SmartFinancial’s payout ratio is 20.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SMBK shares. Stephens reaffirmed an “overweight” rating and issued a $27.00 target price on shares of SmartFinancial in a report on Tuesday, July 23rd. Piper Sandler lowered shares of SmartFinancial from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $26.00 to $28.00 in a report on Wednesday, July 24th. Finally, Hovde Group upped their target price on shares of SmartFinancial from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.00.

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.