Barclays PLC Has $666,000 Holdings in SmartFinancial, Inc. (NASDAQ:SMBK)

Barclays PLC boosted its position in SmartFinancial, Inc. (NASDAQ:SMBK - Free Report) by 78.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,848 shares of the bank's stock after buying an additional 10,055 shares during the quarter. Barclays PLC owned approximately 0.13% of SmartFinancial worth $666,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of SmartFinancial by 1.5% in the second quarter. Rhumbline Advisers now owns 24,147 shares of the bank's stock valued at $572,000 after purchasing an additional 361 shares during the last quarter. Victory Capital Management Inc. boosted its stake in SmartFinancial by 22.0% during the 2nd quarter. Victory Capital Management Inc. now owns 30,500 shares of the bank's stock valued at $722,000 after purchasing an additional 5,500 shares during the period. American Century Companies Inc. grew its holdings in SmartFinancial by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 183,751 shares of the bank's stock valued at $4,349,000 after buying an additional 26,583 shares during the last quarter. Dimensional Fund Advisors LP increased its position in SmartFinancial by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 699,794 shares of the bank's stock worth $16,563,000 after buying an additional 35,054 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of SmartFinancial by 1.1% during the second quarter. Renaissance Technologies LLC now owns 140,274 shares of the bank's stock worth $3,320,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 58.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Hovde Group raised their price objective on shares of SmartFinancial from $28.00 to $32.50 and gave the stock a "market perform" rating in a research note on Wednesday, October 23rd. Stephens lowered shares of SmartFinancial from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 9th. Finally, Raymond James upped their price objective on shares of SmartFinancial from $32.00 to $36.00 and gave the company a "strong-buy" rating in a research report 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 MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.50.

Insider Activity

In related news, Director John M. Presley sold 6,916 shares of the business'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 $138,798. The trade was a 63.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 7,516 shares of company stock worth $262,600. Company insiders own 7.68% of the company's stock.

SmartFinancial Stock Performance

SMBK stock traded up $0.33 during midday trading on Friday, hitting $31.53. The stock had a trading volume of 51,661 shares, compared to its average volume of 56,015. SmartFinancial, Inc. has a 52 week low of $19.00 and a 52 week high of $37.72. 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 50-day simple moving average of $33.50 and a 200 day simple moving average of $30.39. The firm has a market capitalization of $533.72 million, a price-to-earnings ratio of 16.25 and a beta of 0.70.

SmartFinancial (NASDAQ:SMBK - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.88% and a return on equity of 6.81%. The company had revenue of $73.10 million during the quarter, compared to analysts' expectations of $42.32 million. During the same quarter in the prior year, the company posted $0.43 EPS. As a group, equities research analysts anticipate that SmartFinancial, Inc. will post 2.02 earnings per share for the current year.

SmartFinancial Dividend Announcement

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

SmartFinancial Profile

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.