SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers. The company offers various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, time deposits, and certificates of deposit. It also provides commercial and residential real estate loans, consumer real estate loans, and construction and land development loans; commercial and industrial loans, including commercial and financial loans; mortgage loans; and consumer and other loans, such as direct consumer installment loans, overdrafts and other revolving credit loans, and educational loans. In addition, the company offers Internet and mobile banking services. As of March 1, 2021, it operated through 35 full-service branches located in East and Middle Tennessee, Alabama, and the Florida panhandle; and 1 loan production office and 1 service center. SmartFinancial, Inc. is headquartered in Knoxville, Tennessee.
IPO Year:
Exchange: NASDAQ
Website: smartfinancialinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/23/2024 | $28.00 → $32.50 | Market Perform | Hovde Group |
| 7/24/2024 | $24.00 → $28.00 | Market Perform | Hovde Group |
| 7/24/2024 | $26.00 → $28.00 | Overweight → Neutral | Piper Sandler |
| 4/24/2024 | $26.00 → $23.00 | Market Perform | Hovde Group |
| 4/24/2024 | $25.00 → $26.00 | Neutral → Overweight | Piper Sandler |
| 7/31/2023 | $30.00 | Mkt Perform → Strong Buy | Raymond James |
| 3/3/2023 | Mkt Perform | Raymond James | |
| 1/25/2023 | $34.00 → $28.00 | Overweight → Neutral | Piper Sandler |
| 1/25/2023 | $30.00 | Buy → Neutral | Janney |
| 1/4/2023 | $31.00 | Outperform → Market Perform | Hovde Group |
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Piper Sandler analyst Stephen Scouten downgrades SmartFinancial (NYSE:SMBK) from Overweight to Neutral and raises the price target from $26 to $28.
Stephens & Co. analyst Russell Gunther reiterates SmartFinancial (NYSE:SMBK) with a Overweight and maintains $27 price target.
SmartFinancial (NYSE:SMBK) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.39 by 17.95 percent. This is a 11.54 percent decrease over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $40.418 million which beat the analyst consensus estimate of $40.072 million by 0.86 percent. This is a 4.43 percent increase over sales of $38.705 million the same period last year.
Ratings for SmartFinancial (NYSE:SMBK) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 3 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $25.8, a high estimate of $27.00, and a low estimate of $24.00. This upward trend is evident, with the current average reflecting a
Stephens & Co. analyst Russell Gunther maintains SmartFinancial (NYSE:SMBK) with a Overweight and raises the price target from $26 to $27.
In the latest quarter, 4 analysts provided ratings for SmartFinancial (NYSE:SMBK), showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 2 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for SmartFinancial, revealing an average target of $25.5, a high estimate of $26.00, and a low estimate of $24.00. The average price target has stayed the same, reflecting a consistent view fro
Stephens & Co. analyst Matt Olney reiterates SmartFinancial (NYSE:SMBK) with a Overweight and maintains $26 price target.
Keefe, Bruyette & Woods analyst Catherine Mealor maintains SmartFinancial (NYSE:SMBK) with a Market Perform and lowers the price target from $26 to $24.
Piper Sandler analyst Stephen Scouten upgrades SmartFinancial (NYSE:SMBK) from Neutral to Overweight and raises the price target from $25 to $26.
Stephens & Co. analyst Matt Olney reiterates SmartFinancial (NYSE:SMBK) with a Overweight and maintains $26 price target.
4 - SMARTFINANCIAL INC. (0001038773) (Issuer)
4 - SMARTFINANCIAL INC. (0001038773) (Issuer)
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4 - SMARTFINANCIAL INC. (0001038773) (Issuer)
4 - SMARTFINANCIAL INC. (0001038773) (Issuer)
4 - SMARTFINANCIAL INC. (0001038773) (Issuer)
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4 - SMARTFINANCIAL INC. (0001038773) (Issuer)
4 - SMARTFINANCIAL INC. (0001038773) (Issuer)
SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK), the parent company for SmartBank, announced that on October 25, 2024, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on November 27, 2024, to shareholders of record as of the close of business on November 12, 2024. About SmartFinancial, Inc. SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and Florida. Recruiting the best people, delivering exceptional client service, strategic branching, a
SmartFinancial, Inc. ((", SmartFinancial", or the ", Company", , NYSE:SMBK), today announced net income of $9.1 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to net income of $2.1 million, or $0.12 per diluted common share, for the third quarter of 2023, and compared to prior quarter net income of $8.0 million, or $0.48 per diluted common share. Operating earnings1, which excludes non-recurring income, net of tax adjustments, totaled $9.1 million, or $0.54 per diluted common share, in the third quarter of 2024, compared to $7.2 million, or $0.43 per diluted common share, in the third quarter of 2023, and compared to $7.8 million, or $0.46 per diluted co
SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK) announces details for the release of its results for the Third Quarter of 2024. SmartFinancial plans to issue its earnings release for the third quarter of 2024 on Monday, October 21, 2024, after market close, and will host a conference call on Tuesday, October 22, 2024, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (404) 975-4839 and enter the access code, 599429. A replay of the conference call will be available through December 21, 2024, by dialing (866) 813-9403 or (929) 458-6194 and entering the access code, 195203. Conference call materials (earnings release & conference call presentation) will
KNOXVILLE, Tenn., July 25, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK), the parent company for SmartBank, announced that on July 25, 2024, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on August 26, 2024, to shareholders of record as of the close of business on August 9, 2024. About SmartFinancial, Inc. SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and Florida. Recruiting the best people, delivering excep
KNOXVILLE, Tenn., July 22, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ((", SmartFinancial", or the ", Company", , NYSE:SMBK), today announced net income of $8.0 million, or $0.48 per diluted common share, for the second quarter of 2024, compared to net income of $8.8 million, or $0.52 per diluted common share, for the second quarter of 2023, and compared to prior quarter net income of $9.4 million, or $0.55 per diluted common share. Operating earnings1, which excludes non-recurring income, net of tax adjustments, totaled $7.8 million, or $0.46 per diluted common share, in the second quarter of 2024, compared to $8.8 million, or $0.52 per diluted common share, in the second quarter of 20
KNOXVILLE, Tenn., July 02, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK) announces details for the release of its results for the Second Quarter of 2024. SmartFinancial plans to issue its earnings release for the second quarter of 2024 on Monday, July 22, 2024, and will host a conference call on Tuesday, July 23, 2024, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (404) 975-4839 and enter the access code, 533803. A replay of the conference call will be available through August 22, 2024, by dialing (866) 813-9403 or (929) 458-6194 and entering the access code, 897395. Conference call materials (earnings release & confere
KNOXVILLE, Tenn., April 25, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK), the parent company for SmartBank, announced that on April 25, 2024, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on May 28, 2024, to shareholders of record as of the close of business on May 10, 2024. About SmartFinancial, Inc. SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and Florida. Recruiting the best people, delivering exceptio
KNOXVILLE, Tenn., April 22, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ((", SmartFinancial", or the ", Company", , NYSE:SMBK), today announced net income of $9.4 million, or $0.55 per diluted common share, for the first quarter of 2024, compared to net income of $11.5 million, or $0.68 per diluted common share, for the first quarter of 2023, and compared to prior quarter net income of $6.2 million, or $0.37 per diluted common share. Operating earnings1, which excludes non-recurring income related to the gain on sale of a branch location, net of tax adjustments, totaled $8.4 million, or $0.49 per diluted common share, in the first quarter of 2024, compared to $11.5 million, or $0.68 per
KNOXVILLE, Tenn., April 05, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK) announces details for the release of its results for the First Quarter of 2024. SmartFinancial plans to issue its earnings release for the first quarter of 2024 on Monday, April 22, 2024, and will host a conference call on Tuesday, April 23, 2024, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (404) 975-4839 and enter the access code, 060240. A replay of the conference call will be available through June 22, 2024, by dialing (866) 813-9403 or (929) 458-6194 and entering the access code, 672905. Conference call materials (earnings release & conferen
KNOXVILLE, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ((", SmartFinancial", or the ", Company", , NYSE:SMBK), today announced net income of $6.2 million, or $0.37 per diluted common share, for the fourth quarter of 2023, compared to net income of $13.0 million, or $0.77 per diluted common share, for the fourth quarter of 2022, and compared to prior quarter net income of $2.1 million, or $0.12 per diluted common share. Operating earnings1, which excludes non-recurring expenses related to a Community Reinvestment Act donation of a former branch location and accruals in respect of pending litigation, net of tax adjustments, totaled $6.9 million, or $0.41 per diluted common
Hovde Group reiterated coverage of SmartFinancial with a rating of Market Perform and set a new price target of $32.50 from $28.00 previously
Hovde Group reiterated coverage of SmartFinancial with a rating of Market Perform and set a new price target of $28.00 from $24.00 previously
Piper Sandler downgraded SmartFinancial from Overweight to Neutral and set a new price target of $28.00 from $26.00 previously
Hovde Group reiterated coverage of SmartFinancial with a rating of Market Perform and set a new price target of $23.00 from $26.00 previously
Piper Sandler upgraded SmartFinancial from Neutral to Overweight and set a new price target of $26.00 from $25.00 previously
Raymond James upgraded SmartFinancial from Mkt Perform to Strong Buy and set a new price target of $30.00
Raymond James resumed coverage of SmartFinancial with a rating of Mkt Perform
Piper Sandler downgraded SmartFinancial from Overweight to Neutral and set a new price target of $28.00 from $34.00 previously
Janney downgraded SmartFinancial from Buy to Neutral and set a new price target of $30.00
Hovde Group downgraded SmartFinancial from Outperform to Market Perform and set a new price target of $31.00
SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK), the parent company for SmartBank, announced that on October 25, 2024, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on November 27, 2024, to shareholders of record as of the close of business on November 12, 2024. About SmartFinancial, Inc. SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and Florida. Recruiting the best people, delivering exceptional client service, strategic branching, a
SmartFinancial, Inc. ((", SmartFinancial", or the ", Company", , NYSE:SMBK), today announced net income of $9.1 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to net income of $2.1 million, or $0.12 per diluted common share, for the third quarter of 2023, and compared to prior quarter net income of $8.0 million, or $0.48 per diluted common share. Operating earnings1, which excludes non-recurring income, net of tax adjustments, totaled $9.1 million, or $0.54 per diluted common share, in the third quarter of 2024, compared to $7.2 million, or $0.43 per diluted common share, in the third quarter of 2023, and compared to $7.8 million, or $0.46 per diluted co
SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK) announces details for the release of its results for the Third Quarter of 2024. SmartFinancial plans to issue its earnings release for the third quarter of 2024 on Monday, October 21, 2024, after market close, and will host a conference call on Tuesday, October 22, 2024, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (404) 975-4839 and enter the access code, 599429. A replay of the conference call will be available through December 21, 2024, by dialing (866) 813-9403 or (929) 458-6194 and entering the access code, 195203. Conference call materials (earnings release & conference call presentation) will
KNOXVILLE, Tenn., July 25, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK), the parent company for SmartBank, announced that on July 25, 2024, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on August 26, 2024, to shareholders of record as of the close of business on August 9, 2024. About SmartFinancial, Inc. SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and Florida. Recruiting the best people, delivering excep
KNOXVILLE, Tenn., July 22, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ((", SmartFinancial", or the ", Company", , NYSE:SMBK), today announced net income of $8.0 million, or $0.48 per diluted common share, for the second quarter of 2024, compared to net income of $8.8 million, or $0.52 per diluted common share, for the second quarter of 2023, and compared to prior quarter net income of $9.4 million, or $0.55 per diluted common share. Operating earnings1, which excludes non-recurring income, net of tax adjustments, totaled $7.8 million, or $0.46 per diluted common share, in the second quarter of 2024, compared to $8.8 million, or $0.52 per diluted common share, in the second quarter of 20
KNOXVILLE, Tenn., July 02, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK) announces details for the release of its results for the Second Quarter of 2024. SmartFinancial plans to issue its earnings release for the second quarter of 2024 on Monday, July 22, 2024, and will host a conference call on Tuesday, July 23, 2024, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (404) 975-4839 and enter the access code, 533803. A replay of the conference call will be available through August 22, 2024, by dialing (866) 813-9403 or (929) 458-6194 and entering the access code, 897395. Conference call materials (earnings release & confere
KNOXVILLE, Tenn., April 25, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK), the parent company for SmartBank, announced that on April 25, 2024, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on May 28, 2024, to shareholders of record as of the close of business on May 10, 2024. About SmartFinancial, Inc. SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and Florida. Recruiting the best people, delivering exceptio
KNOXVILLE, Tenn., April 22, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ((", SmartFinancial", or the ", Company", , NYSE:SMBK), today announced net income of $9.4 million, or $0.55 per diluted common share, for the first quarter of 2024, compared to net income of $11.5 million, or $0.68 per diluted common share, for the first quarter of 2023, and compared to prior quarter net income of $6.2 million, or $0.37 per diluted common share. Operating earnings1, which excludes non-recurring income related to the gain on sale of a branch location, net of tax adjustments, totaled $8.4 million, or $0.49 per diluted common share, in the first quarter of 2024, compared to $11.5 million, or $0.68 per
KNOXVILLE, Tenn., April 05, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE:SMBK) announces details for the release of its results for the First Quarter of 2024. SmartFinancial plans to issue its earnings release for the first quarter of 2024 on Monday, April 22, 2024, and will host a conference call on Tuesday, April 23, 2024, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (404) 975-4839 and enter the access code, 060240. A replay of the conference call will be available through June 22, 2024, by dialing (866) 813-9403 or (929) 458-6194 and entering the access code, 672905. Conference call materials (earnings release & conferen
KNOXVILLE, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ((", SmartFinancial", or the ", Company", , NYSE:SMBK), today announced net income of $6.2 million, or $0.37 per diluted common share, for the fourth quarter of 2023, compared to net income of $13.0 million, or $0.77 per diluted common share, for the fourth quarter of 2022, and compared to prior quarter net income of $2.1 million, or $0.12 per diluted common share. Operating earnings1, which excludes non-recurring expenses related to a Community Reinvestment Act donation of a former branch location and accruals in respect of pending litigation, net of tax adjustments, totaled $6.9 million, or $0.41 per diluted common