News articles about SmartFinancial (NASDAQ:SMBK) have been trending somewhat negative this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SmartFinancial earned a media sentiment score of -0.05 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 44.8818681031413 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Zacks: SmartFinancial Inc (SMBK) Given $25.00 Average Target Price by Brokerages (americanbankingnews.com)
- March Best Growth Stocks (finance.yahoo.com)
- SmartFinancial Inc (SMBK) Chairman Wesley Miller Welborn Buys 15,000 Shares (americanbankingnews.com)
- SmartFinancial Inc (SMBK) Director Steven B. Tucker Acquires 10,000 Shares (americanbankingnews.com)
Several research analysts have commented on SMBK shares. Zacks Investment Research upgraded shares of SmartFinancial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday. BidaskClub upgraded shares of SmartFinancial from a “hold” rating to a “buy” rating in a report on Tuesday.
SmartFinancial (NASDAQ:SMBK) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. SmartFinancial had a net margin of 8.80% and a return on equity of 6.44%. The company had revenue of $16.92 million during the quarter, compared to analysts’ expectations of $14.60 million. sell-side analysts expect that SmartFinancial will post 1.5 EPS for the current year.
In related news, Chairman Wesley Miller Welborn bought 15,000 shares of the stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average price of $21.70 per share, for a total transaction of $325,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James Beaumont Wicks bought 3,000 shares of the stock in a transaction dated Monday, March 5th. The stock was bought at an average price of $21.85 per share, with a total value of $65,550.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 28,000 shares of company stock valued at $610,150. Company insiders own 13.87% of the company’s stock.
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SmartFinancial, Inc, formerly Cornerstone Bancshares, Inc, is a bank holding company. The Company operates through its SmartBank subsidiary (The Bank). The principal business of the Bank consists of attracting deposits from the public and investing those funds, together with funds generated from operations and from principal and interest payments on loans.
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