SmartFinancialSMBK
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
31% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 29
13% more capital invested
Capital invested by funds: $190M [Q1] → $214M (+$24.5M) [Q2]
0.62% more ownership
Funds ownership: 52.48% [Q1] → 53.09% (+0.62%) [Q2]
0% more funds holding
Funds holding: 102 [Q1] → 102 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Stephen Scouten 75% 1-year accuracy 18 / 24 met price target | 10%downside $28 | Neutral Downgraded | 24 Jul 2024 |
Stephens & Co. Russell Gunther 60% 1-year accuracy 9 / 15 met price target | 13%downside $27 | Overweight Reiterated | 23 Jul 2024 |
Financial journalist opinion
Based on 3 articles about SMBK published over the past 30 days