SmartFinancial (SMBK) Projected to Post Quarterly Earnings on Tuesday

SmartFinancial (NASDAQ:SMBK) is projected to release its earnings data 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 announced its earnings results 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 analysts’ expectations of $42.32 million. SmartFinancial had a return on equity of 6.81% and a net margin of 11.88%. During the same quarter last year, the business posted $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 %

Shares of SmartFinancial stock opened at $31.53 on Friday. The stock has a 50-day moving average price of $33.50 and a 200 day moving average price of $30.43. The company has a market cap of $533.72 million, a P/E ratio of 16.25 and a beta of 0.70. 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 has a 1 year low of $19.00 and a 1 year high of $37.72.

SmartFinancial Announces Dividend

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

Insider Activity

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 sale, the director now owns 3,960 shares in the company, valued at $138,798. This represents a 63.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 7,516 shares of company stock worth $262,600 over the last three months. Corporate insiders own 7.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SMBK shares. Hovde Group increased their price objective 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 report on Monday, December 9th. Finally, Raymond James lifted their price objective on SmartFinancial from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.50.

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.