In a report released today, Stephen Scouten from Piper Sandler maintained a Hold rating on SmartFinancial (SMBK – Research Report), with a price target of $24.00. The company’s shares closed yesterday at $20.35.
Scouten covers the Financial sector, focusing on stocks such as Cadence Bank, Hancock Whitney, and Home Bancshares. According to TipRanks, Scouten has an average return of 1.8% and a 45.66% success rate on recommended stocks.
Currently, the analyst consensus on SmartFinancial is a Moderate Buy with an average price target of $26.75.
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The company has a one-year high of $30.19 and a one-year low of $18.73. Currently, SmartFinancial has an average volume of 25.99K.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMBK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SmartFinancial (SMBK) Company Description:
SmartFinancial, Inc. is a holding company, which engages in the provision of commercial banking services through SmartBank. It manages branches and loan production offices in a footprint spanning East Tennessee, Southwest Alabama, the Florida Panhandle, and North Georgia. The company was founded on September 19, 1983 and is headquartered in Knoxville, TN.
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