ExodusPoint Capital Management LP purchased a new position in SmartFinancial, Inc. (NASDAQ:SMBK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,000 shares of the bank's stock, valued at approximately $372,000. ExodusPoint Capital Management LP owned approximately 0.07% of SmartFinancial at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Barclays PLC grew its position in shares of SmartFinancial by 78.6% in the 3rd quarter. Barclays PLC now owns 22,848 shares of the bank's stock valued at $666,000 after acquiring an additional 10,055 shares during the period. Geode Capital Management LLC raised its stake in SmartFinancial by 0.4% in the third quarter. Geode Capital Management LLC now owns 335,501 shares of the bank's stock valued at $9,779,000 after buying an additional 1,307 shares during the period. Jane Street Group LLC lifted its position in shares of SmartFinancial by 6.9% in the third quarter. Jane Street Group LLC now owns 14,925 shares of the bank's stock valued at $435,000 after buying an additional 967 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of SmartFinancial by 69.0% during the 3rd quarter. Wellington Management Group LLP now owns 340,418 shares of the bank's stock worth $9,920,000 after acquiring an additional 139,009 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in SmartFinancial in the 4th quarter valued at $917,000. Institutional investors own 58.78% of the company's stock.
Analyst Ratings Changes
Separately, Raymond James reissued a "strong-buy" rating and issued a $42.00 price target (up from $36.00) on shares of SmartFinancial in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $30.70.
Check Out Our Latest Report on SmartFinancial
Insider Activity at SmartFinancial
In other SmartFinancial news, Chairman Wesley Miller Welborn acquired 1,162 shares of SmartFinancial stock in a transaction dated Monday, February 3rd. The stock was purchased at an average cost of $34.75 per share, for a total transaction of $40,379.50. Following the completion of the acquisition, the chairman now directly owns 96,938 shares of the company's stock, valued at $3,368,595.50. This represents a 1.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.68% of the stock is currently owned by corporate insiders.
SmartFinancial Trading Up 2.7 %
NASDAQ SMBK traded up $0.76 on Friday, hitting $28.81. The company's stock had a trading volume of 56,698 shares, compared to its average volume of 52,850. The firm has a market cap of $490.29 million, a PE ratio of 13.46 and a beta of 0.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. SmartFinancial, Inc. has a 1-year low of $19.01 and a 1-year high of $37.72. The company's 50-day moving average is $31.73 and its 200 day moving average is $32.63.
SmartFinancial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a dividend of $0.08 per share. The ex-dividend date was Friday, January 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. SmartFinancial's dividend payout ratio is currently 14.95%.
About SmartFinancial
(
Free Report)
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.
See Also
Before you consider SmartFinancial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SmartFinancial wasn't on the list.
While SmartFinancial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
