News articles about SmartFinancial (NASDAQ:SMBK) have trended somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SmartFinancial earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.0912192523573 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Separately, Zacks Investment Research raised SmartFinancial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, May 26th.

Shares of SmartFinancial (NASDAQ:SMBK) opened at 23.09 on Friday. SmartFinancial has a 1-year low of $15.64 and a 1-year high of $26.26. The company has a market cap of $189.82 million, a PE ratio of 28.06 and a beta of 0.30. The company has a 50 day moving average of $23.82 and a 200 day moving average of $22.79.

SmartFinancial (NASDAQ:SMBK) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.03. SmartFinancial had a return on equity of 5.47% and a net margin of 13.49%. The firm had revenue of $11.50 million for the quarter, compared to analyst estimates of $11.10 million. Equities analysts expect that SmartFinancial will post $0.92 earnings per share for the current fiscal year.

In related news, Chairman Wesley Miller Welborn purchased 13,314 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $24.47 per share, for a total transaction of $325,793.58. Following the purchase, the chairman now owns 39,937 shares in the company, valued at $977,258.39. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.87% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at

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.

Receive News & Stock Ratings for SmartFinancial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmartFinancial Inc. and related stocks with our FREE daily email newsletter.