SmartFinancial (SMBK) Stock Price, News & Analysis

Company Overview

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. The company offers noninterest-bearing and interest-bearing checking, interest-bearing demand, savings, money market, time deposit, individual retirement accounts, as well as certificates of deposit. It also provides commercial and residential real estate, consumer real estate, and construction and land development loans; commercial and financial loans and leases; commercial business and mortgage loans; and direct consumer installment, educational, agriculture, and other revolving credit loans; equipment financing, heavy equipment, semis, and trailers loans and leases to small and mid-size companies; letters of credit; and overdraft facilities. In addition, the company offers wealth management, insurance, mortgage origination, and internet and mobile banking services. SmartFinancial, Inc. is headquartered in Knoxville, Tennessee.

Key Stats

• Today's Range: $36.20 to $36.75
• 50-Day Range: $28.30 to $36.86
• 52-Week Range: $19.00 to $37.72
• Volume: 38,835 shs
• Average Volume: 63,925 shs
• Market Capitalization: $621.84 million
• P/E Ratio: 18.93
• Dividend Yield: 0.87%
• Price Target: $29.50
• Consensus Rating: Moderate Buy

SmartFinancial Stock Analysis - MarketRank™

SmartFinancial scored higher than 49% of companies evaluated by MarketBeat, and ranked 619th out of 920 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

SmartFinancial has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SmartFinancial has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 18.81%

Earnings Growth

Earnings for SmartFinancial are expected to grow by 18.81% in the coming year, from $2.02 to $2.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SmartFinancial is 18.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.96.

Price to Earnings Ratio vs. Sector

The P/E ratio of SmartFinancial is 18.93, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 40.74.

Price to Book Value per Share Ratio

SmartFinancial has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SMBK.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

SmartFinancial has a dividend yield of 0.89%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

SmartFinancial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of SmartFinancial is 16.49%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, SmartFinancial will have a dividend payout ratio of 13.33% next year. This indicates that SmartFinancial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for SMBK.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 1.76

News Sentiment

SmartFinancial has a news sentiment score of 1.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for SmartFinancial this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, SmartFinancial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,073.00 in company stock.

Percentage Held by Insiders

Only 7.68% of the stock of SmartFinancial is held by insiders.

Percentage Held by Institutions

58.78% of the stock of SmartFinancial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SMBK Stock Analysis - Frequently Asked Questions

How have SMBK shares performed this year?

SmartFinancial's stock was trading at $24.49 on January 1st, 2024. Since then, SMBK shares have increased by 50.0% and is now trading at $36.73.
View the best growth stocks for 2024 here.

How were SmartFinancial's earnings last quarter?

SmartFinancial, Inc. (NASDAQ:SMBK) issued its earnings results on Monday, October, 21st. The bank reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.05. The bank earned $73.10 million during the quarter, compared to analyst estimates of $42.32 million. SmartFinancial had a net margin of 11.88% and a trailing twelve-month return on equity of 6.81%.

Who are SmartFinancial's major shareholders?

SmartFinancial's top institutional investors include Banc Funds Co. LLC (3.04%), Cravens & Co Advisors LLC (2.67%), Wellington Management Group LLP (2.01%) and State Street Corp (1.99%). Insiders that own company stock include David Austin Ogle, William Young Jr Carroll, Geoffrey Alan Wolpert, Wesley Miller Welborn, Keith Edward Whaley, John M Presley, Gary Wayne Petty Jr, Cathy G Ackermann and Rhett D Jordan.
View institutional ownership trends.

How do I buy shares of SmartFinancial?

Shares of SMBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SmartFinancial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SmartFinancial investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA), Broadcom (AVGO) and First Solar (FSLR).

Company Calendar

• Ex-Dividend for 8/26 Dividend: 8/09/2024
• Dividend Payable: 8/26/2024
• Last Earnings: 10/21/2024
• Ex-Dividend for 11/27 Dividend: 11/12/2024
• Today: 11/23/2024
• Dividend Payable: 11/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:SMBK
• Previous Symbol: OTCMKTS:CSBQ
• CUSIP: N/A
• CIK: 1038773
• Web: www.smartfinancialinc.com
• Phone: (865) 437-5700
• Fax: N/A
• Employees: 550
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $29.50
• High Stock Price Target: $36.00
• Low Stock Price Target: $24.00
• Potential Upside/Downside: -19.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.94
• Trailing P/E Ratio: 18.93
• Forward P/E Ratio: 18.18
• P/E Growth: N/A
• Net Income: $28.59 million
• Net Margins: 11.88%
• Pretax Margin: 14.86%
• Return on Equity: 6.81%
• Return on Assets: 0.66%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 0.90
• Quick Ratio: 0.90

Sales & Book Value

• Annual Sales: $240.37 million
• Price / Sales: 2.59
• Cash Flow: $2.87 per share
• Price / Cash Flow: 12.79
• Book Value: $28.89 per share
• Price / Book: 1.27

Miscellaneous

• Outstanding Shares: 16,930,000
• Free Float: 15,626,000
• Market Cap: $621.84 million
• Optionable: Optionable
• Beta: 0.67