$0.61 Earnings Per Share Expected for SmartFinancial, Inc. (NASDAQ:SMBK) This Quarter

Equities research analysts expect that SmartFinancial, Inc. (NASDAQ:SMBKGet Rating) will announce earnings of $0.61 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for SmartFinancial’s earnings, with estimates ranging from $0.55 to $0.68. SmartFinancial reported earnings per share of $0.60 in the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The company is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that SmartFinancial will report full year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.72. For the next financial year, analysts anticipate that the company will report earnings of $2.95 per share, with EPS estimates ranging from $2.71 to $3.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow SmartFinancial.

SmartFinancial (NASDAQ:SMBKGet Rating) last posted its quarterly earnings results on Monday, April 25th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). SmartFinancial had a net margin of 21.59% and a return on equity of 8.86%. During the same period in the previous year, the company posted $0.65 EPS.

Several equities analysts have recently issued reports on SMBK shares. Zacks Investment Research upgraded SmartFinancial from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Saturday, April 30th. Raymond James raised their price objective on SmartFinancial from $30.00 to $33.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 26th. Finally, StockNews.com initiated coverage on shares of SmartFinancial in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $30.67.

Shares of NASDAQ:SMBK traded up $0.19 during trading on Monday, reaching $24.60. 14 shares of the company’s stock traded hands, compared to its average volume of 22,183. The stock has a market cap of $415.57 million, a PE ratio of 11.83 and a beta of 0.70. The company’s 50 day moving average is $25.39. SmartFinancial has a 12 month low of $22.63 and a 12 month high of $28.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.93 and a quick ratio of 0.92.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, May 13th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, May 12th. SmartFinancial’s dividend payout ratio (DPR) is currently 13.46%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Moors & Cabot Inc. bought a new position in SmartFinancial in the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of SmartFinancial during the fourth quarter valued at about $27,000. Proffitt & Goodson Inc. increased its holdings in shares of SmartFinancial by 138.2% in the 4th quarter. Proffitt & Goodson Inc. now owns 1,429 shares of the bank’s stock worth $39,000 after buying an additional 829 shares during the last quarter. Citigroup Inc. lifted its position in SmartFinancial by 116.4% in the 3rd quarter. Citigroup Inc. now owns 1,606 shares of the bank’s stock worth $42,000 after buying an additional 864 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in SmartFinancial by 97.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,552 shares of the bank’s stock worth $92,000 after acquiring an additional 1,755 shares during the last quarter. 49.11% of the stock is currently owned by hedge funds and other institutional investors.

About SmartFinancial (Get Rating)

SmartFinancial, Inc operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers. It operates through Commercial Real Estate, Consumer Real Estate, Construction and Land Development, Commercial and Industrial, and Consumer and Other segments.

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Earnings History and Estimates for SmartFinancial (NASDAQ:SMBK)

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