SmartFinancial (NASDAQ:SMBK) Announces Earnings Results, Beats Expectations By $0.11 EPS
SmartFinancial (NASDAQ:SMBK) posted its earnings results on Monday. The bank reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.11, MarketWatch Earnings reports. SmartFinancial had a net margin of 17.20% and a return on equity of 7.34%.
Shares of NASDAQ SMBK opened at $21.86 on Wednesday. The firm’s 50-day moving average price is $22.26 and its 200-day moving average price is $19.02. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. The company has a market cap of $330.37 million, a PE ratio of 14.57 and a beta of 0.81. SmartFinancial has a 52-week low of $12.01 and a 52-week high of $23.96.
The business also recently declared a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Friday, February 12th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, February 11th. This is an increase from SmartFinancial’s previous quarterly dividend of $0.05. SmartFinancial’s dividend payout ratio (DPR) is presently 14.29%.
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, Florida, and Georgia. It accepts various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.
Further Reading: 52 Week Highs and Lows
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