SmartFinancial (NASDAQ:SMBK) posted its quarterly earnings results on Wednesday. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.16, Fidelity Earnings reports. SmartFinancial had a net margin of 17.20% and a return on equity of 7.34%.
Shares of SMBK opened at $20.45 on Friday. The firm has a market cap of $311.56 million, a PE ratio of 13.63 and a beta of 0.81. The company’s fifty day moving average is $18.85 and its two-hundred day moving average is $15.73. SmartFinancial has a fifty-two week low of $11.05 and a fifty-two week high of $23.93. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 1.03.
A number of research analysts have recently weighed in on SMBK shares. Stephens started coverage on shares of SmartFinancial in a research note on Wednesday, October 28th. They set an “overweight” rating for the company. Zacks Investment Research cut shares of SmartFinancial from a “buy” rating to a “sell” rating in a research note on Thursday, December 24th. Finally, Raymond James lifted their price target on shares of SmartFinancial from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday.
SmartFinancial, Inc operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia. It accepts various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.
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