SmarFinancial (SMBK) has been upgraded to a Zacks Rank #1 (Strong Buy) based on an improvement in its earnings outlook, which is expected to have a favorable impact on its stock price.

SmartFinancial, Inc. announces the release of its Q2 2024 earnings on July 22, 2024, and a conference call on July 23, 2024. The company is a bank holding company for SmartBank, a full-service commercial bank with branches across Tennessee, Alabama, and Florida.

Ratings for SmartFinancial (NYSE:SMBK) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 3 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $25.8, a high estimate of $27.00, and a low estimate of $24.00. This upward trend is evident, with the current average reflecting a 0.51% increase from the previous average price target of $25.67. Diving into Analyst Ratings: An In-Depth Exploration The standing of SmartFinancial among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Russell Gunther Stephens & Co. Raises Overweight $27.00 $26.00 Matt Olney Stephens & Co. Maintains Overweight $26.00 - Catherine Mealor Keefe, Bruyette & Woods Lowers Market Perform $24.00 $26.00 Stephen Scouten Piper Sandler Raises Overweight $26.00 $25.00 Matt Olney Stephens & Co. Maintains Overweight $26.00 - Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it ...Full story available on Benzinga.com

KNOXVILLE, Tenn., April 25, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (NYSE: SMBK), the parent company for SmartBank, announced that on April 25, 2024, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on May 28, 2024, to shareholders of record as of the close of business on May 10, 2024.

In the latest quarter, 4 analysts provided ratings for SmartFinancial (NYSE:SMBK), showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 2 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for SmartFinancial, revealing an average target of $25.5, a high estimate of $26.00, and a low estimate of $24.00. The average price target has stayed the same, reflecting a consistent view from analysts. Diving into Analyst Ratings: An In-Depth Exploration A comprehensive examination of how financial experts perceive SmartFinancial is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Matt Olney Stephens & Co. Maintains Overweight $26.00 - Catherine Mealor Keefe, Bruyette & Woods Lowers Market Perform $24.00 $26.00 Stephen Scouten Piper Sandler Raises Overweight $26.00 $25.00 Matt Olney Stephens & Co. Maintains Overweight $26.00 - Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to SmartFinancial. This insight gives a snapshot ...Full story available on Benzinga.com

While the top- and bottom-line numbers for SmarFinancial (SMBK) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

KNOXVILLE, Tenn., April 22, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NYSE: SMBK), today announced net income of $9.4 million, or $0.55 per diluted common share, for the first quarter of 2024, compared to net income of $11.5 million, or $0.68 per diluted common share, for the first quarter of 2023, and compared to prior quarter net income of $6.2 million, or $0.37 per diluted common share. Operating earnings1, which excludes non-recurring income related to the gain on sale of a branch location, net of tax adjustments, totaled $8.4 million, or $0.49 per diluted common share, in the first quarter of 2024, compared to $11.5 million, or $0.68 per diluted common share, in the first quarter of 2023, and compared to $6.9 million, or $0.41 per diluted common share, in the fourth quarter of 2023.

Get a deeper insight into the potential performance of SmarFinancial (SMBK) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

KNOXVILLE, Tenn., April 05, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE: SMBK) announces details for the release of its results for the First Quarter of 2024.

After losing some value lately, a hammer chart pattern has been formed for SmarFinancial (SMBK), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

SmarFinancial (SMBK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

SmarFinancial (SMBK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.