D.A. Davidson analyst Kevin Fitzsimmons maintained a Hold rating on SmartFinancial (SMBK – Research Report) today. The company’s shares closed yesterday at $20.00.
According to TipRanks, Fitzsimmons is a 2-star analyst with an average return of -0.1% and a 36.36% success rate. Fitzsimmons covers the Financial sector, focusing on stocks such as First Bancorp, The First Bancshares, and Ameris Bancorp.
Currently, the analyst consensus on SmartFinancial is a Moderate Buy with an average price target of $26.33, which is a 31.65% upside from current levels. In a report released on October 24, Piper Sandler also assigned a Hold rating to the stock with a $24.00 price target.
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Based on SmartFinancial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $38.71 million and a net profit of $8.84 million. In comparison, last year the company earned a revenue of $40.29 million and had a net profit of $10.22 million
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.
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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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