SmartFinancial (SMBK) Receives a Hold from Piper Sandler

In a report released today, Stephen Scouten from Piper Sandler maintained a Hold rating on SmartFinancial (SMBK – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $19.66.

According to TipRanks, Scouten is a 4-star analyst with an average return of 5.8% and a 56.41% success rate. Scouten covers the Financial sector, focusing on stocks such as Cadence Bank, Capital City Bank, and Hilltop Holdings.

Currently, the analyst consensus on SmartFinancial is a Hold with an average price target of $25.50, which is a 29.70% upside from current levels. In a report released yesterday, KBW also assigned a Hold rating to the stock with a $26.00 price target.

SMBK market cap is currently $335.3M and has a P/E ratio of 11.63.

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.