SmartFinancial Inc (NYSE: SMBK) has reported earnings for its first fiscal quarter (ending March 31) of $0.56 versus $0.69 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.58 versus $2.77 for the same period a year ago.
Recent Price Action
SmartFinancial Inc (NYSE: SMBK) stock declined modestly by -1.2% on 4/22/24. The stock closed at $19.66. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 2.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SMBK is expected to continue to be a modest Value Builder.
SmartFinancial has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SmartFinancial has a neutral Power Rating of 54 but a good Appreciation Score of 74, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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