SmartFinancialSMBK
SMBK
About: SmartFinancial Inc operates as a bank holding company for SmartBank. It offers various banking and financial services to individuals and corporate customers. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, mainly in commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. The primary source of revenue is interest income from earning assets, namely loans and securities.
Employees: 585
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
250% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 6
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
27% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 30
26% more capital invested
Capital invested by funds: $217M [Q2] → $274M (+$57.1M) [Q3]
13% more funds holding
Funds holding: 102 [Q2] → 115 (+13) [Q3]
1.86% more ownership
Funds ownership: 53.66% [Q2] → 55.52% (+1.86%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$36
18%
upside
Avg. target
$36
18%
upside
High target
$36
18%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Raymond James Michael Rose 77% 1-year accuracy 17 / 22 met price target | 18%upside $36 | Strong Buy Maintained | 23 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
1 week ago
SmartFinancial Sets Dates for Fourth Quarter Earnings Release and Conference Call
KNOXVILLE, Tenn.--(BUSINESS WIRE)--SmartFinancial, Inc. ("SmartFinancial") (NYSE: SMBK) announces details for the release of its results for the Fourth Quarter of 2024. SmartFinancial plans to issue its earnings release for the fourth quarter of 2024 on Tuesday, January 21, 2025, after market close, and will host a conference call on Wednesday, January 22, 2025, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (404) 975-4839 and enter the access code, 994691.
Positive
Zacks Investment Research
1 week ago
SmarFinancial (SMBK) Upgraded to Buy: Here's Why
SmarFinancial (SMBK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
Business Wire
2 months ago
SmartFinancial Approves Regular Quarterly Cash Dividend
KNOXVILLE, Tenn.--(BUSINESS WIRE)--Quarterly Dividend.
Positive
Zacks Investment Research
2 months ago
SmarFinancial (SMBK) Upgraded to Strong Buy: Here's What You Should Know
SmarFinancial (SMBK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
Seeking Alpha
2 months ago
SmartFinancial, Inc. (SMBK) Q3 2024 Earnings Call Transcript
SmartFinancial, Inc. (NYSE:SMBK ) Q3 2024 Earnings Conference Call October 22, 2024 10:00 AM ET Company Participants Nate Strall - Director of Strategy Billy Carroll - President and CEO Ronald Gorczynski - CFO Rhett Jordan - EVP, Chief Credit Officer Miller Welborn - Chairman Conference Call Participants Russell Gunther - Stephens Brett Rabatin - Hovde Group Steve Moss - Raymond James Stephen Scouten - Piper Sandler Christopher Marinac - Janney Montgomery Scott Catherine Mealor - KBW Operator Hello all. And welcome to SmartFinancial Third Quarter 2024 Earnings Release and Conference Call.
Neutral
Zacks Investment Research
2 months ago
SmarFinancial (SMBK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for SmarFinancial (SMBK) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
2 months ago
SmarFinancial (SMBK) Q3 Earnings and Revenues Surpass Estimates
SmarFinancial (SMBK) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.43 per share a year ago.
Neutral
Business Wire
2 months ago
SmartFinancial Announces Results for the Third Quarter 2024
KNOXVILLE, Tenn.--(BUSINESS WIRE)--SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NYSE: SMBK), today announced net income of $9.1 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to net income of $2.1 million, or $0.12 per diluted common share, for the third quarter of 2023, and compared to prior quarter net income of $8.0 million, or $0.48 per diluted common share. Operating earnings1, which excludes non-recurring income, net of tax adjustments, tot.
Positive
Zacks Investment Research
2 months ago
Unveiling SmarFinancial (SMBK) Q3 Outlook: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for SmarFinancial (SMBK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Neutral
Zacks Investment Research
3 months ago
SmarFinancial (SMBK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
SmarFinancial (SMBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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