SmartFinancial, Inc. (NASDAQ:SMBK - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $33.63 and traded as low as $31.14. SmartFinancial shares last traded at $31.19, with a volume of 57,833 shares changing hands.
Analyst Ratings Changes
SMBK has been the topic of several analyst reports. Raymond James restated a "strong-buy" rating and issued a $42.00 price objective (up from $36.00) on shares of SmartFinancial in a report on Thursday, January 23rd. Stephens downgraded shares of SmartFinancial from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SmartFinancial currently has an average rating of "Hold" and an average target price of $30.70.
View Our Latest Analysis on SMBK
SmartFinancial Price Performance
The company's 50-day moving average price is $33.70 and its 200-day moving average price is $32.60. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $526.91 million, a P/E ratio of 14.55 and a beta of 0.67.
SmartFinancial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, January 31st. SmartFinancial's dividend payout ratio (DPR) is currently 14.95%.
Insider Activity at SmartFinancial
In other news, Chairman Wesley Miller Welborn purchased 1,162 shares of the business's stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of $34.75 per share, for a total transaction of $40,379.50. Following the completion of the purchase, the chairman now directly owns 96,938 shares in the company, valued at $3,368,595.50. The trade was a 1.21 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.68% of the stock is owned by insiders.
Institutional Trading of SmartFinancial
A number of large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of SmartFinancial by 269.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,538 shares of the bank's stock worth $48,000 after buying an additional 1,122 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of SmartFinancial during the 4th quarter worth about $104,000. Virtus Investment Advisers Inc. acquired a new stake in shares of SmartFinancial during the 4th quarter worth about $124,000. Geneos Wealth Management Inc. acquired a new stake in shares of SmartFinancial during the 4th quarter worth about $192,000. Finally, Ridgepath Capital Management LLC acquired a new stake in shares of SmartFinancial during the 4th quarter worth about $202,000. Institutional investors and hedge funds own 58.78% of the company's stock.
About SmartFinancial
(
Get 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.
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