SmartFinancial Inc (SMBK) to Issue Dividend of $0.05 on December 6th

Share on StockTwits

SmartFinancial Inc (NASDAQ:SMBK) declared a dividend on Wednesday, November 6th, Fidelity reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.05 per share by the bank on Friday, December 6th. The ex-dividend date is Wednesday, November 20th.

SMBK stock traded up $0.05 during mid-day trading on Monday, reaching $22.21. 100 shares of the company traded hands, compared to its average volume of 49,289. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market capitalization of $309.95 million, a P/E ratio of 14.33 and a beta of 0.71. SmartFinancial has a 52-week low of $16.17 and a 52-week high of $22.90. The company has a fifty day moving average price of $21.06 and a 200-day moving average price of $21.05.

SmartFinancial (NASDAQ:SMBK) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The business had revenue of $23.34 million during the quarter, compared to analyst estimates of $23.61 million. SmartFinancial had a return on equity of 7.81% and a net margin of 21.46%. As a group, analysts forecast that SmartFinancial will post 1.62 EPS for the current year.

A number of research analysts have weighed in on SMBK shares. Raymond James lowered SmartFinancial from an “outperform” rating to a “market perform” rating in a report on Monday, July 29th. They noted that the move was a valuation call. Stephens reaffirmed a “hold” rating and set a $23.00 target price on shares of SmartFinancial in a report on Wednesday, November 13th. ValuEngine lowered SmartFinancial from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. BidaskClub raised SmartFinancial from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, DA Davidson raised SmartFinancial from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. SmartFinancial presently has a consensus rating of “Hold” and a consensus target price of $23.33.

About SmartFinancial

SmartFinancial, Inc operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia. The company offers various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

Featured Article: Why do companies issue monthly dividends?

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.



Latest News

Intesa Sanpaolo SpA  Given Average Recommendation of “Hold” by Analysts
Intesa Sanpaolo SpA Given Average Recommendation of “Hold” by Analysts
$14.18 Million in Sales Expected for Quanterix Corp  This Quarter
$14.18 Million in Sales Expected for Quanterix Corp This Quarter
Sandy Spring Bancorp Inc.  Sees Significant Increase in Short Interest
Sandy Spring Bancorp Inc. Sees Significant Increase in Short Interest
EtherInc Trading Down 16.8% This Week
EtherInc Trading Down 16.8% This Week
Wagerr  Hits Market Cap of $5.89 Million
Wagerr Hits Market Cap of $5.89 Million
Fatcoin  Tops 1-Day Volume of $1.34 Million
Fatcoin Tops 1-Day Volume of $1.34 Million


© 2006-2019 Ticker Report