SmartFinancial (SMBK) Set to Post Quarterly Earnings on Monday

SmartFinancial (NASDAQ:SMBK) is anticipated to release its results after the market closes on Monday, October 19th. Analysts expect SmartFinancial to post earnings of $0.9610 per share and revenue of $57.55 million for the quarter.

SmartFinancial Price Performance

Shares of SMBK opened at $50.89 on Friday. SmartFinancial has a 12-month low of $34.21 and a 12-month high of $54.14. The business’s fifty day moving average is $51.04 and its 200 day moving average is $46.78. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. The stock has a market cap of $870.12 million, a P/E ratio of 23.78 and a beta of 0.71.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SMBK shares. Benchmark upped their target price on SmartFinancial from $56.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Keefe, Bruyette & Woods increased their price target on SmartFinancial from $46.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Stephens lifted their price target on SmartFinancial from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $58.00 price target on shares of SmartFinancial in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.42.

SmartFinancial Company Profile

SmartFinancial, Inc (NASDAQ: SMBK) is a bank holding company for SmartBank, a community bank that provides financial services to individuals, businesses and organizations. The company offers deposit accounts, consumer and commercial lending, mortgage services, treasury management, online and mobile banking, and wealth management services.

SmartBank was established in 2007 and has expanded through organic growth and acquisitions. Its banking operations serve communities across Tennessee, Alabama and Florida, with branches and lending activities focused primarily on the Southeast.

SmartFinancial is led by William G.