SmartFinancial (NASDAQ:SMBK) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS
SmartFinancial (NASDAQ:SMBK) released its quarterly earnings data on Monday. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.11, MarketWatch Earnings reports. SmartFinancial had a return on equity of 7.34% and a net margin of 17.20%.
NASDAQ SMBK opened at $21.86 on Wednesday. The firm has a market cap of $330.37 million, a P/E ratio of 14.57 and a beta of 0.81. The stock’s 50-day moving average is $22.26 and its two-hundred day moving average is $19.02. SmartFinancial has a fifty-two week low of $12.01 and a fifty-two week high of $23.96. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 1.10.
The business also recently announced a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Friday, February 12th were issued a dividend of $0.06 per share. This is a positive change from SmartFinancial’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, February 11th. SmartFinancial’s dividend payout ratio (DPR) is 14.29%.
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: Cost of Debt
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