Piper Sandler analyst Stephen Scouten maintained a Hold rating on SmartFinancial (SMBK – Research Report) today and set a price target of $23.00. The company’s shares closed yesterday at $23.80.
According to TipRanks, Scouten is a 4-star analyst with an average return of 7.1% and a 57.92% success rate. Scouten covers the Financial sector, focusing on stocks such as Synovus, Independent Bank Group, and SmartFinancial.
SmartFinancial has an analyst consensus of Hold, with a price target consensus of $24.33, which is a 2.23% upside from current levels. In a report released yesterday, KBW also maintained a Hold rating on the stock with a $25.00 price target.
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Based on SmartFinancial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $31.7 million and a net profit of $2.07 million. In comparison, last year the company earned a revenue of $42.96 million and had a net profit of $11.54 million
Based on the recent corporate insider activity of 33 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.
Read More on SMBK:
- SmartFinancial Announces Results for the Fourth Quarter 2023
- SMBK Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- SmartFinancial Sets Dates for Fourth Quarter Earnings Release and Conference Call
- SmartFinancial Announces Transfer Of Listing Of Common Stock To The New York Stock Exchange
- SmartFinancial transfers listing of its common stock to the NYSE