SmartFinancial, Inc. (NASDAQ:SMBK) Holdings Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in SmartFinancial, Inc. (NASDAQ:SMBK) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,091 shares of the bank’s stock after acquiring an additional 380 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of SmartFinancial worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of SmartFinancial by 269.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,538 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,122 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of SmartFinancial in the 4th quarter valued at approximately $104,000. Welch Group LLC acquired a new position in SmartFinancial during the 4th quarter valued at approximately $202,000. SG Americas Securities LLC boosted its position in SmartFinancial by 32.1% during the 4th quarter. SG Americas Securities LLC now owns 7,292 shares of the bank’s stock valued at $226,000 after purchasing an additional 1,771 shares during the period. Finally, Wells Fargo & Company MN boosted its position in SmartFinancial by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,331 shares of the bank’s stock valued at $289,000 after purchasing an additional 2,031 shares during the period. 58.78% of the stock is currently owned by institutional investors.

SmartFinancial Trading Down 0.3%

Shares of SMBK stock opened at $31.74 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 0.90. SmartFinancial, Inc. has a 1 year low of $21.40 and a 1 year high of $37.72. The stock has a fifty day moving average of $30.22 and a two-hundred day moving average of $32.46. The firm has a market capitalization of $540.15 million, a PE ratio of 14.83 and a beta of 0.71.

SmartFinancial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 2nd were given a dividend of $0.08 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.01%. SmartFinancial’s dividend payout ratio (DPR) is presently 14.16%.

Analyst Ratings Changes

A number of research firms recently issued reports on SMBK. Keefe, Bruyette & Woods reduced their price objective on SmartFinancial from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Thursday, April 24th. Stephens restated an “equal weight” rating and set a $31.00 price objective on shares of SmartFinancial in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $33.70.

SmartFinancial Company Profile

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