SmartFinancial Inc. (NASDAQ:SMBK) COO John H. Sr Coxwell, Sr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $16.25, for a total value of $162,500.00. Following the transaction, the chief operating officer now owns 13,137 shares of the company’s stock, valued at approximately $213,476.25. The transaction was disclosed in a document filed with the SEC, which is available through this link.

SmartFinancial Inc. (NASDAQ:SMBK) opened at 16.31 on Thursday. The stock has a market cap of $95.22 million, a PE ratio of 29.76 and a beta of 0.27. SmartFinancial Inc. has a 12-month low of $14.21 and a 12-month high of $18.75. The firm’s 50-day moving average price is $15.84 and its 200 day moving average price is $16.16.

Separately, Hovde Group began coverage on SmartFinancial in a report on Monday, August 29th. They set an “outperform” rating and a $17.50 price target for the company.

About SmartFinancial

SmartFinancial, Inc, formerly Cornerstone Bancshares, Inc, is a bank holding company. The Company operates through its SmartBank subsidiary (The Bank). The principal business of the Bank consists of attracting deposits from the public and investing those funds, together with funds generated from operations and from principal and interest payments on loans.

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