SmartFinancial, Inc. (SMBK) To Go Ex-Dividend on May 6th
SmartFinancial, Inc. (NASDAQ:SMBK) announced a quarterly dividend on Thursday, April 22nd, Zacks reports. Stockholders of record on Friday, May 7th will be paid a dividend of 0.06 per share by the bank on Friday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, May 6th.
SmartFinancial has a payout ratio of 11.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SmartFinancial to earn $1.42 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 16.9%.
Shares of SMBK stock opened at $23.90 on Tuesday. The company has a market capitalization of $361.01 million, a price-to-earnings ratio of 15.93 and a beta of 0.81. SmartFinancial has a 12-month low of $12.01 and a 12-month high of $24.69. The firm has a fifty day moving average of $22.48 and a 200-day moving average of $19.61. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 1.03.
A number of research firms recently weighed in on SMBK. Zacks Investment Research downgraded shares of SmartFinancial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 27th. TheStreet upgraded shares of SmartFinancial from a “c+” rating to a “b-” rating in a research note on Wednesday, March 17th. Finally, Raymond James upgraded shares of SmartFinancial from an “outperform” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, April 28th.
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.
Featured Article: Should You Consider an Index Fund?
Receive News & Ratings for SmartFinancial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmartFinancial and related companies with MarketBeat.com's FREE daily email newsletter.