SmartFinancial (SMBK)

• Market cap: $597M
• 1 day: 0.03%
• 5 days: -0.14%
• 1 month: 13.82%
• 3 months: 6.33%
• 6 months: 24.42%
• Year to date: 14.82%
• 1 year: 51.59%
• 5 years: 63.09%
• 10 years: 116.98%
• Sector: Financials
• Industry: National Commercial Banks

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 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: $42 19% upside
• Avg. target: $42 19% upside
• High target: $42 19% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Raymond James Steve Moss 88% 1-year accuracy 14 / 16 met price target

19% upside $42

Strong Buy Reiterated

23 Jan 2025