SmartFinancial (NASDAQ:SMBK) announced its quarterly earnings results on Wednesday. The bank reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.16, Fidelity Earnings reports. SmartFinancial had a return on equity of 7.34% and a net margin of 17.20%.
SmartFinancial stock opened at $20.45 on Friday. The company has a market cap of $311.56 million, a price-to-earnings ratio of 13.63 and a beta of 0.81. The firm has a 50-day moving average of $18.85 and a 200-day moving average of $15.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 1.10. SmartFinancial has a one year low of $11.05 and a one year high of $23.93.
Several research analysts have recently weighed in on SMBK shares. Stephens began coverage on shares of SmartFinancial in a report on Wednesday, October 28th. They issued an “overweight” rating for the company. Zacks Investment Research downgraded SmartFinancial from a “buy” rating to a “sell” rating in a research note on Thursday, December 24th. Finally, Raymond James upped their price objective on SmartFinancial from $18.00 to $22.00 and gave the stock an “outperform” rating in a research 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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