Media headlines about SmartFinancial (NASDAQ:SMBK) have trended somewhat negative on Thursday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. SmartFinancial earned a media sentiment score of -0.05 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 44.8818681031413 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
NASDAQ:SMBK remained flat at $$23.48 during midday trading on Thursday. 7,332 shares of the company were exchanged, compared to its average volume of 25,594. SmartFinancial has a 52 week low of $20.35 and a 52 week high of $26.26. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.21. The company has a market cap of $262.20, a price-to-earnings ratio of 21.16 and a beta of 0.16.
SmartFinancial (NASDAQ:SMBK) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.15. SmartFinancial had a net margin of 8.80% and a return on equity of 5.69%. The company had revenue of $16.92 million during the quarter, compared to analyst estimates of $14.60 million. research analysts predict that SmartFinancial will post 1.5 EPS for the current fiscal year.
In related news, Chairman Wesley Miller Welborn acquired 15,000 shares of SmartFinancial stock in a transaction on Tuesday, March 6th. The shares were acquired at an average cost of $21.70 per share, with a total value of $325,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO C Bryan Johnson acquired 4,000 shares of SmartFinancial stock in a transaction on Friday, March 16th. The shares were bought at an average cost of $23.57 per share, for a total transaction of $94,280.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 34,480 shares of company stock valued at $762,090 over the last quarter. 13.87% of the stock is currently owned by company insiders.
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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