SmartFinancial (SMBK) Projected to Announce Quarterly Earnings on Monday

SmartFinancial (NASDAQ:SMBK - Get Free Report) is projected to post its quarterly earnings results after the market closes on Monday, April 21st. Analysts expect SmartFinancial to post earnings of $0.55 per share and revenue of $46.24 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

SmartFinancial Trading Up 2.7 %

SmartFinancial stock traded up $0.76 during midday trading on Friday, reaching $28.81. 56,698 shares of the stock traded hands, compared to its average volume of 52,850. 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 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 50-day simple moving average of $31.73 and a two-hundred day simple moving average of $32.63. SmartFinancial has a 12-month low of $19.01 and a 12-month high of $37.72.

SmartFinancial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, January 31st. SmartFinancial's dividend payout ratio (DPR) is currently 14.95%.

Insider Transactions at SmartFinancial

In other SmartFinancial news, Chairman Wesley Miller Welborn bought 1,162 shares of the firm's stock in a transaction that occurred 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. This trade represents a 1.21 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James restated a "strong-buy" rating and issued a $42.00 price target (up previously from $36.00) on shares of SmartFinancial in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $30.70.

SmartFinancial Company 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.