SmartFinancial, Inc. (NASDAQ:SMBK) Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC trimmed its position in SmartFinancial, Inc. (NASDAQ:SMBK) by 48.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,506 shares of the bank’s stock after selling 6,984 shares during the quarter. Aptus Capital Advisors LLC’s holdings in SmartFinancial were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in shares of SmartFinancial by 269.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,538 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,122 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of SmartFinancial in the fourth quarter valued at about $104,000. Geneos Wealth Management Inc. acquired a new stake in shares of SmartFinancial in the fourth quarter valued at about $192,000. Welch Group LLC purchased a new stake in shares of SmartFinancial during the 4th quarter valued at about $202,000. Finally, Ridgepath Capital Management LLC acquired a new position in SmartFinancial during the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 58.78% of the company’s stock.

Analyst Ratings Changes

SMBK has been the topic of a number of recent research reports. Raymond James reissued a “strong-buy” rating and set a $42.00 target price (up from $36.00) on shares of SmartFinancial in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their target price on SmartFinancial from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, April 24th. Finally, Stephens reaffirmed an “equal weight” rating and set a $31.00 target price on shares of SmartFinancial in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, SmartFinancial has an average rating of “Hold” and a consensus price target of $33.70.

SmartFinancial Trading Down 0.8 %

Shares of NASDAQ SMBK opened at $30.81 on Friday. SmartFinancial, Inc. has a 52-week low of $21.40 and a 52-week high of $37.72. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $524.32 million, a P/E ratio of 14.40 and a beta of 0.71. The stock’s 50 day moving average price is $30.18 and its two-hundred day moving average price is $32.71.

SmartFinancial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.32 annualized dividend and a yield of 1.04%. SmartFinancial’s payout ratio is 14.16%.

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.