SmartFinancial (SMBK) Projected to Announce Earnings on Monday

SmartFinancial (NASDAQ:SMBK) is projected to issue 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 Trading Up 1.0%

SmartFinancial stock opened at $50.89 on Friday. The stock has a market cap of $870.12 million, a P/E ratio of 23.78 and a beta of 0.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.90 and a quick ratio of 0.90. SmartFinancial has a 1 year low of $34.21 and a 1 year high of $54.14. The firm’s 50 day moving average price is $51.04 and its 200-day moving average price is $46.78.

Analyst Ratings Changes

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

About SmartFinancial

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.