SmartFinancial (NASDAQ:SMBK) Issues Earnings Results, Beats Expectations By $0.16 EPS


Share on StockTwits

SmartFinancial (NASDAQ:SMBK) announced its quarterly earnings data on Wednesday. The bank reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.16, Fidelity Earnings reports. SmartFinancial had a net margin of 17.20% and a return on equity of 7.34%.

NASDAQ:SMBK opened at $20.45 on Friday. SmartFinancial has a one year low of $11.05 and a one year high of $23.93. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.10 and a current ratio of 1.11. The firm has a market cap of $311.56 million, a P/E ratio of 13.63 and a beta of 0.81. The firm has a 50-day simple moving average of $18.85 and a 200-day simple moving average of $15.73.

A number of equities research analysts recently weighed in on the stock. Stephens assumed coverage on shares of SmartFinancial in a report on Wednesday, October 28th. They set an “overweight” rating for the company. Zacks Investment Research lowered shares of SmartFinancial from a “buy” rating to a “sell” rating in a report on Thursday, December 24th. Finally, Raymond James lifted their price objective on shares of SmartFinancial from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday.

About SmartFinancial

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.

Featured Article: What’s a Black Swan?

Earnings History for SmartFinancial (NASDAQ:SMBK)

Receive News & Ratings for SmartFinancial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmartFinancial and related companies with MarketBeat.com's FREE daily email newsletter.