SmartFinancial (NASDAQ:SMBK – Get Free Report) issued its quarterly earnings data on Monday. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05, Yahoo Finance reports. SmartFinancial had a return on equity of 6.55% and a net margin of 9.93%. The business had revenue of $73.10 million during the quarter, compared to the consensus estimate of $42.32 million. During the same period in the previous year, the firm posted $0.43 earnings per share.
SmartFinancial Price Performance
SmartFinancial stock traded up $1.06 during mid-day trading on Wednesday, hitting $32.11. The company’s stock had a trading volume of 108,532 shares, compared to its average volume of 45,570. The stock has a market capitalization of $547.89 million, a P/E ratio of 20.32 and a beta of 0.69. SmartFinancial has a twelve month low of $19.00 and a twelve month high of $32.33. The stock’s fifty day moving average price is $28.97 and its two-hundred day moving average price is $25.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12.
SmartFinancial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, August 9th. SmartFinancial’s dividend payout ratio is presently 20.51%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on SMBK
About SmartFinancial
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.
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