SmartFinancial, Inc. (NASDAQ:SMBK – Get Rating) Director Geoffrey Alan Wolpert acquired 2,500 shares of SmartFinancial stock in a transaction on Friday, May 12th. The stock was purchased at an average price of $20.01 per share, with a total value of $50,025.00. Following the purchase, the director now owns 93,926 shares of the company’s stock, valued at approximately $1,879,459.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
SmartFinancial Price Performance
SMBK opened at $20.08 on Tuesday. The stock has a market capitalization of $341.44 million, a PE ratio of 7.33 and a beta of 0.74. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86. SmartFinancial, Inc. has a 1 year low of $18.86 and a 1 year high of $30.50. The company’s 50 day simple moving average is $22.31 and its 200 day simple moving average is $26.00.
SmartFinancial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, May 29th. Investors of record on Friday, May 12th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.59%. SmartFinancial’s dividend payout ratio (DPR) is presently 11.68%.
Institutional Trading of SmartFinancial
Analyst Ratings Changes
SMBK has been the subject of several recent research reports. Janney Montgomery Scott downgraded shares of SmartFinancial from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Wednesday, January 25th. StockNews.com downgraded shares of SmartFinancial from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Keefe, Bruyette & Woods dropped their target price on shares of SmartFinancial from $28.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, April 6th. Raymond James began coverage on shares of SmartFinancial in a report on Friday, March 3rd. They set a “market perform” rating for the company. Finally, Piper Sandler downgraded shares of SmartFinancial from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $34.00 to $28.00 in a report on Tuesday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $29.14.
SmartFinancial Company Profile
SmartFinancial, Inc is a holding company, which engages in the provision of commercial banking services through SmartBank. It operates through the following portfolio segments: Commercial Real Estate, Consumer Real Estate, Construction and Land Development, Commercial and Industrial, and Consumer and Other.
- Get a free copy of the StockNews.com research report on SmartFinancial (SMBK)
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