KBW Gives a Hold Rating to SmartFinancial (SMBK)

KBW analyst Catherine Mealor assigned a Hold rating to SmartFinancial (SMBK – Research Report) yesterday and set a price target of $26.00. The company’s shares closed yesterday at $19.66.

Mealor covers the Financial sector, focusing on stocks such as Southern States Bancshares, Cadence Bank, and Home Bancshares. According to TipRanks, Mealor has an average return of 12.2% and a 60.76% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for SmartFinancial with a $26.00 average price target.

Based on SmartFinancial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $39.1 million and a net profit of $6.19 million. In comparison, last year the company earned a revenue of $44.74 million and had a net profit of $13.01 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.