SmartFinancial, Inc. (NASDAQ:SMBK) Declares $0.09 Quarterly Dividend

SmartFinancial, Inc. (NASDAQ:SMBK) declared a quarterly dividend on Monday, July 20th. Shareholders of record on Friday, July 31st will be given a dividend of 0.09 per share by the bank on Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, July 31st.

SmartFinancial has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years.

SmartFinancial Trading Down 0.9%

NASDAQ SMBK opened at $47.74 on Tuesday. SmartFinancial has a fifty-two week low of $32.63 and a fifty-two week high of $49.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day simple moving average of $44.26 and a two-hundred day simple moving average of $41.57. The stock has a market cap of $816.26 million, a P/E ratio of 22.31 and a beta of 0.70.

Analyst Upgrades and Downgrades

SMBK has been the subject of a number of recent analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $50.00 target price on shares of SmartFinancial in a report on Monday, April 20th. Benchmark assumed coverage on shares of SmartFinancial in a research report on Wednesday, June 24th. They set a “buy” rating and a $54.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upped their price objective on shares of SmartFinancial from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SmartFinancial currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

SmartFinancial Company Profile

SmartFinancial, Inc is a bank holding company headquartered in Knoxville, Tennessee, operating through its primary subsidiary, SmartBank. Incorporated in 2006, the company provides a full suite of banking and financial services to individuals, small and middle-market businesses and public entities across its regional footprint. SmartFinancial’s network of branch offices and digital platforms combines community-banking relationships with modern technology to serve its customers’ evolving needs.

Through SmartBank, the company offers a broad range of deposit products, including checking, savings and certificate of deposit accounts, alongside consumer and commercial lending solutions.