Earnings and Growth Analysis : SmartFinancial (NASDAQ:SMBK)

Earnings results for SmartFinancial (NASDAQ:SMBK)

SmartFinancial, Inc. is expected* to report earnings on 01/19/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.43. The reported EPS for the same quarter last year was $0.46.

SmartFinancial last issued its quarterly earnings results on October 20th, 2020. The bank reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $30.16 million for the quarter, compared to the consensus estimate of $29.21 million. SmartFinancial has generated $1.68 earnings per share over the last year and currently has a price-to-earnings ratio of 13.2. SmartFinancial has confirmed that its next quarterly earnings report will be published on Tuesday, January 19th, 2021.

Analyst Opinion on SmartFinancial (NASDAQ:SMBK)

2 Wall Street analysts have issued ratings and price targets for SmartFinancial in the last 12 months. Their average twelve-month price target is $18.00, predicting that the stock has a possible downside of 8.81%. The high price target for SMBK is $18.00 and the low price target for SMBK is $18.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

SmartFinancial has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $18.00, SmartFinancial has a forecasted downside of 8.8% from its current price of $19.74. SmartFinancial has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: SmartFinancial (NASDAQ:SMBK)

SmartFinancial has a dividend yield of 1.00%, which is in the bottom 25% of all stocks that pay dividends. SmartFinancial does not have a long track record of dividend growth. The dividend payout ratio of SmartFinancial is 11.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SmartFinancial will have a dividend payout ratio of 14.08% next year. This indicates that SmartFinancial will be able to sustain or increase its dividend.

Insiders buying/selling: SmartFinancial (NASDAQ:SMBK)

In the past three months, SmartFinancial insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $26,419.00 in company stock and sold $0.00 in company stock. Only 8.94% of the stock of SmartFinancial is held by insiders. 40.53% of the stock of SmartFinancial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of SmartFinancial (NASDAQ:SMBK

Earnings for SmartFinancial are expected to decrease by -13.41% in the coming year, from $1.64 to $1.42 per share. The P/E ratio of SmartFinancial is 13.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.61. The P/E ratio of SmartFinancial is 13.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.07. SmartFinancial has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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