Cwm LLC Has $77,000 Stock Holdings in SmartFinancial, Inc. (NASDAQ:SMBK)

Cwm LLC raised its holdings in SmartFinancial, Inc. (NASDAQ:SMBK) by 282.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,489 shares of the bank’s stock after acquiring an additional 1,839 shares during the quarter. Cwm LLC’s holdings in SmartFinancial were worth $77,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SMBK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of SmartFinancial by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,091 shares of the bank’s stock valued at $282,000 after purchasing an additional 380 shares during the last quarter. Trexquant Investment LP boosted its position in SmartFinancial by 1.8% during the fourth quarter. Trexquant Investment LP now owns 30,026 shares of the bank’s stock valued at $930,000 after acquiring an additional 543 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in SmartFinancial by 269.7% during the fourth 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. Alliancebernstein L.P. grew its holdings in SmartFinancial by 0.6% during the 4th quarter. Alliancebernstein L.P. now owns 208,193 shares of the bank’s stock worth $6,450,000 after acquiring an additional 1,230 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of SmartFinancial by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,331 shares of the bank’s stock worth $289,000 after acquiring an additional 2,031 shares in the last quarter. Institutional investors own 58.78% of the company’s stock.

SmartFinancial Stock Performance

Shares of SMBK opened at $33.28 on Friday. SmartFinancial, Inc. has a one year low of $25.58 and a one year high of $37.72. The company has a market cap of $566.31 million, a PE ratio of 15.55 and a beta of 0.70. The stock has a 50-day moving average of $33.62 and a 200-day moving average of $32.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.90 and a quick ratio of 0.90.

SmartFinancial (NASDAQ:SMBK) last announced its quarterly earnings data on Monday, July 21st. The bank reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. SmartFinancial had a return on equity of 7.33% and a net margin of 12.67%. During the same period in the previous year, the firm earned $0.46 earnings per share. On average, equities research analysts predict that SmartFinancial, Inc. will post 2.45 EPS for the current fiscal year.

SmartFinancial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 8th. SmartFinancial’s dividend payout ratio (DPR) is currently 12.96%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stephens reaffirmed an “equal weight” rating and set a $31.00 target price on shares of SmartFinancial in a research note on Tuesday, April 22nd. Raymond James Financial restated a “strong-buy” rating and set a $44.00 price target (up from $42.00) on shares of SmartFinancial in a report on Thursday, July 24th. Hovde Group raised their price objective on shares of SmartFinancial from $37.50 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of SmartFinancial from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th.

SmartFinancial 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.