SmartFinancial Inc. (NASDAQ:SMBK) COO John H. Sr Coxwell, Sr. sold 10,000 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was 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 in the company, valued at $213,476.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SmartFinancial Inc. (NASDAQ:SMBK) opened at 16.31 on Thursday. SmartFinancial Inc. has a 1-year low of $14.21 and a 1-year 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. The firm has a market capitalization of $95.22 million, a PE ratio of 29.76 and a beta of 0.27.
Separately, Hovde Group assumed coverage on SmartFinancial in a research note on Monday, August 29th. They set an “outperform” rating and a $17.50 price target on the stock.
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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