SMBK - SmartFinancial Inc Stock Price, Fair Value and News

23.08USD+0.19 (+0.83%)Delayed

Market Summary

USD23.08+0.19

Delayed

0.83%

SMBK Stock Price

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SMBK RSI Chart

SMBK Valuation

Market Cap

393.8M

Price/Earnings (Trailing)

14.89

Price/Sales (Trailing)

1.75

EV/EBITDA

-0.5

Price/Free Cashflow

14.16

SMBK Price/Sales (Trailing)

SMBK Profitability

EBT Margin

14.86%

Return on Equity

5.67%

Return on Assets

0.53%

Free Cashflow Yield

7.06%

SMBK Fundamentals

SMBK Revenue

Revenue (TTM)

224.6M

Rev. Growth (Yr)

12.42%

Rev. Growth (Qtr)

3.98%

SMBK Earnings

Earnings (TTM)

26.5M

Earnings Growth (Yr)

-18.63%

Earnings Growth (Qtr)

51.18%

Breaking Down SMBK Revenue

Last 7 days

2.4%

Last 30 days

20.9%

Last 90 days

1.8%

Trailing 12 Months

4.9%

How does SMBK drawdown profile look like?

SMBK Financial Health

SMBK Investor Care

Dividend Yield

1.39%

Dividend/Share (TTM)

0.32

Shares Dilution (1Y)

0.34%

Diluted EPS (TTM)

1.56

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	224.6M	0	0	0
2023	179.1M	194.9M	207.9M	218.0M
2022	128.9M	135.3M	144.3M	158.8M
2021	118.9M	118.8M	122.3M	125.2M
2020	109.5M	112.2M	114.7M	117.6M
2019	99.8M	104.1M	108.4M	108.5M
2018	60.5M	71.9M	82.7M	92.2M
2017	43.4M	44.2M	45.8M	52.0M
2016	32.9M	38.5M	42.2M	42.6M
2015	19.5M	20.0M	21.7M	27.8M
2014	18.4M	18.4M	19.1M	19.1M
2013	19.3M	19.1M	19.1M	18.5M
2012	19.9M	19.6M	19.2M	19.4M
2011	23.3M	21.8M	20.9M	20.5M
2010	0	25.9M	25.6M	25.2M
2009	0	0	0	26.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of SmartFinancial Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	jordan rhett d.	sold	-7,787	22.25	-350	evp & chief credit officer
Mar 05, 2024	petty gary wayne jr	acquired	36,000	9.6	3,750	evp & chief risk officer
Mar 05, 2024	petty gary wayne jr	sold	-51,782	21.63	-2,394	evp & chief risk officer
Feb 29, 2024	cain cynthia a	sold (taxes)	-12,761	21.52	-593	cao - chief accounting officer
Feb 07, 2024	welborn wesley miller	bought	21,670	21.67	1,000	chairman of the board
Jan 31, 2024	miller ted charles	acquired	-	-	1,376	-
Jan 31, 2024	barrett victor lynn	acquired	-	-	1,376	-
Jan 31, 2024	wolpert geoffrey alan	acquired	-	-	1,376	-
Jan 31, 2024	jordan rhett d.	sold (taxes)	-17,235	23.26	-741	evp & chief credit officer
Jan 31, 2024	whaley keith edward	acquired	-	-	1,376	-

Which funds bought or sold SMBK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.83	-71,599	305,620	-%
May 15, 2024	DEPRINCE RACE & ZOLLO INC	added	3.22	-520,964	4,132,940	0.09%
May 15, 2024	DEUTSCHE BANK AG\	unchanged	-	-32,634	201,050	-%
May 15, 2024	MORGAN STANLEY	added	2.34	-192,406	1,417,840	-%
May 15, 2024	JANUS HENDERSON GROUP PLC	reduced	-38.3	-182,624	206,308	-%
May 15, 2024	CITADEL ADVISORS LLC	added	69.58	323,231	1,027,420	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-10.02	-327,550	1,122,970	-%
May 15, 2024	Royal Bank of Canada	reduced	-27.43	-152,000	249,000	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-11.37	-17,290	55,519	-%
May 15, 2024	Waverly Advisors, LLC	sold off	-100	-395,930	-	-%

Are Funds Buying or Selling SMBK?

Are funds buying SMBK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SMBK

No. of Funds

Unveiling SmartFinancial Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 12, 2024	lehman kenneth r	7.6%	1,285,826	SC 13G
Jan 25, 2024	blackrock inc.	8.3%	1,413,051	SC 13G/A
Feb 09, 2023	lehman kenneth r	6.7%	1,125,437	SC 13G/A
Jan 31, 2023	blackrock inc.	7.4%	1,257,096	SC 13G/A
Feb 08, 2022	lehman kenneth r	5.9%	993,106	SC 13G/A
Feb 01, 2022	blackrock inc.	7.0%	1,177,092	SC 13G/A
Sep 13, 2021	lehman kenneth r	5.6%	949,627	SC 13G
Feb 02, 2021	blackrock inc.	5.7%	864,047	SC 13G
Feb 12, 2020	ejf capital llc	2.0%	275,000	SC 13G/A
Feb 10, 2020	blackrock inc.	4.9%	688,775	SC 13G/A

Recent SEC filings of SmartFinancial Inc

View All Filings

Date Filed	Form Type	Document
May 09, 2024	10-Q	Quarterly Report
May 08, 2024	4	Insider Trading
Apr 25, 2024	8-K	Current Report
Apr 22, 2024	8-K	Current Report
Apr 09, 2024	DEFA14A	DEFA14A
Apr 09, 2024	DEF 14A	DEF 14A
Apr 09, 2024	ARS	ARS
Mar 15, 2024	10-K	Annual Report
Mar 06, 2024	4	Insider Trading
Mar 01, 2024	4	Insider Trading

Peers (Alternatives to SmartFinancial Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

SmartFinancial Inc News

Latest updates

SmartFinancial Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	4.0%	60.00	57.00	55.00	52.00	53.00	47.00	42.00	36.00	33.00	33.00	33.00	30.00	29.00	30.00	30.00	30.00	28.00	27.00	27.00	27.00	27.00
EBITDA Margin	-6.9%	0.76*	0.81*	0.92*	1.08*	1.19*	1.27*	1.29*	1.30*	1.30*	1.31*	1.34*	1.31*	-	-	-	-	-	-	-	-	-
Interest Expenses	0.6%	32.00	32.00	31.00	32.00	36.00	38.00	37.00	33.00	30.00	30.00	30.00	27.00	26.00	27.00	26.00	26.00	23.00	21.00	21.00	21.00	21.00
Income Taxes	60.4%	3.00	2.00	0.00	2.00	3.00	4.00	3.00	3.00	2.00	2.00	3.00	2.00	3.00	2.00	2.00	1.00	1.00	0.00	2.00	3.00	2.00
Earnings Before Taxes	53.1%	12.00	8.00	2.00	11.00	15.00	17.00	15.00	13.00	11.00	8.00	12.00	11.00	12.00	12.00	8.00	8.00	3.00	7.00	8.00	12.00	6.00
EBT Margin	-10.5%	0.15*	0.17*	0.22*	0.29*	0.33*	0.35*	0.32*	0.33*	0.33*	0.35*	0.39*	0.37*	-	-	-	-	-	-	-	-	-
Net Income	51.2%	9.00	6.00	2.00	9.00	12.00	13.00	12.00	10.00	8.00	7.00	10.00	9.00	10.00	9.00	6.00	6.00	3.00	7.00	6.00	9.00	5.00
Net Income Margin	-10.2%	0.12*	0.13*	0.17*	0.23*	0.26*	0.27*	0.25*	0.26*	0.26*	0.28*	0.30*	0.29*	-	-	-	-	-	-	-	-	-
Free Cashflow	-56.0%	4.00	9.00	6.00	8.00	10.00	13.00	10.00	11.00	10.00	-1.14	15.00	14.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.6%	4,955	4,829	4,797	4,746	4,770	4,637	4,797	4,788	4,719	4,612	4,384	3,654	3,557	3,305	3,388	3,266	2,874	2,449	2,390	2,391	2,354
Cash Equivalents	35.7%	478	352	400	239	307	266	543	655	764	1,045	1,091	674	557	482	542	399	309	184	171	200	133
Net PPE	-0.3%	93.00	93.00	92.00	92.00	92.00	93.00	92.00	90.00	85.00	86.00	85.00	72.00	73.00	73.00	74.00	74.00	74.00	59.00	58.00	57.00	57.00
Goodwill	0%	96.00	96.00	-	-	-	96.00	-	-	-	92.00	-	-	-	-	-	-	-	-	-	-	-
Liabilities	2.7%	4,488	4,370	4,351	4,301	4,326	4,205	4,382	4,368	4,299	4,182	3,959	3,281	3,193	2,948	3,038	2,922	2,538	2,136	2,084	2,092	2,063
Shareholder's Equity	1.5%	467	460	447	445	443	432	415	420	420	429	425	373	364	357	350	343	336	313	306	300	290
Retained Earnings	4.6%	181	173	168	168	160	157	145	134	125	118	113	104	96.00	87.00	79.00	73.00	68.00	66.00	60.00	54.00	45.00
Additional Paid-In Capital	0.1%	296	296	296	295	295	294	294	294	293	293	293	252	252	253	255	254	254	233	233	232	232
Shares Outstanding	0.4%	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	16.00	16.00	15.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	337	-	-	-	401	-	-	-	329	-	-	-	224	-	-	-	274	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-39.6%	7,076	11,707	6,680	9,975	11,354	15,212	13,174	17,713	10,694	631	14,370	15,091	16,090	6,843	20,946	-7,822	9,102	3,744	8,184	10,243	7,695
Share Based Compensation	199.4%	518	173	272	366	538	309	281	398	312	172	158	162	201	117	142	113	110	85.00	156	133	143
Cashflow From Investing	96.2%	-3,016	-78,643	85,914	-45,677	-96,834	-110,957	-128,455	-191,844	-409,562	-267,453	171,063	15,065	-183,668	21,115	9,330	-286,182	-3,601	-40,990	-28,467	30,309	-55,629
Cashflow From Financing	541.8%	121,610	18,949	68,766	-32,334	125,990	-180,860	3,365	65,108	117,759	220,739	232,212	86,658	242,560	-88,054	112,071	384,383	119,617	50,283	-8,317	25,988	65,106
Dividend Payments	0.3%	1,360	1,356	1,360	1,357	1,354	1,182	1,182	1,183	1,177	1,009	906	906	907	763	760	761	702	700	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	1.00	1,207	2,233	-	83.00	1,992	-	-	-	-

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SMBK Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans and leases, including fees	$ 50,020	$ 44,728
Securities:
Taxable	4,548	3,651
Tax-exempt	352	353
Federal funds sold and other earning assets	4,863	4,446
Total interest income	59,783	53,178
Interest expense:
Deposits	27,035	16,346
Borrowings	128	224
Subordinated debt	899	626
Total interest expense	28,062	17,196
Net interest income	31,721	35,982
Provision for credit losses	(440)	550
Net interest income after provision for credit losses	32,161	35,432
Noninterest income:
Service charges on deposit accounts	1,612	1,445
Mortgage banking	280	172
Investment services	1,380	1,005
Insurance commissions	1,103	1,259
Interchange and debit card transaction fees, net	1,253	1,383
Other	2,752	1,661
Total noninterest income	8,380	6,925
Noninterest expense:
Salaries and employee benefits	16,639	16,742
Occupancy and equipment	3,396	3,208
FDIC insurance	915	541
Other real estate and loan related expense	584	572
Advertising and marketing	302	355
Data processing and technology	2,465	2,163
Professional services	924	807
Amortization of intangibles	612	659
Other	2,716	2,482
Total noninterest expense	28,553	27,529
Income before income tax expense	11,988	14,828
Income tax expense	2,630	3,328
Net income	$ 9,358	$ 11,500
Earnings per common share:
Basic (in dollars per share)	$ 0.56	$ 0.69
Diluted (in dollars per share)	$ 0.55	$ 0.68
Weighted average common shares outstanding:
Basic (in shares)	16,849,735	16,791,406
Diluted (in shares)	16,925,408	16,896,494

SMBK Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS:
Cash and due from banks	$ 48,329	$ 61,586
Interest-bearing deposits with banks	343,778	233,237
Federal funds sold	85,834	57,448
Total cash and cash equivalents	477,941	352,271
Securities available-for-sale, at fair value, post ASU 2019-04	474,347	408,410
Securities held-to-maturity, at amortized cost, post ASU 2019-04	180,169	281,236
Other investments	13,718	13,662
Loans held for sale	4,861	4,418
Total loans and leases	3,477,555	3,444,462
Less: Allowance for credit losses	(34,203)	(35,066)
Loans and leases, net	3,443,352	3,409,396
Premises and equipment, net	92,694	92,963
Other real estate owned	696	517
Goodwill and other intangibles, net	106,537	107,148
Bank owned life insurance	83,957	83,434
Other assets	76,418	75,932
Total assets	4,954,690	4,829,387
Deposits:
Noninterest-bearing demand	907,254	898,044
Interest-bearing demand	996,298	1,006,915
Money market and savings	1,952,410	1,812,427
Time deposits	538,159	550,468
Total deposits	4,394,121	4,267,854
Borrowings	9,849	13,078
Subordinated debt	42,120	42,099
Other liabilities	41,804	46,470
Total liabilities	4,487,894	4,369,501
Shareholders' equity:
Preferred stock, $1 par value; 2,000,000 shares authorized; No shares issued and outstanding
Common stock, $1 par value; 40,000,000 shares authorized; 17,056,704 and 16,988,879 shares issued and outstanding, respectively	17,057	16,989
Additional paid-in capital	296,061	295,699
Retained earnings	181,103	173,105
Accumulated other comprehensive income (loss)	(27,425)	(25,907)
Total shareholders' equity	466,796	459,886
Total liabilities and shareholders' equity	$ 4,954,690	$ 4,829,387

About SmartFinancial Inc

SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, and Florida. It operates through Commercial Real Estate, Consumer Real Estate, Construction and Land Development, Commercial and Industrial, Leases, and Consumer and Other segments. The company offers noninterest-bearing and interest-bearing checking, interest-bearing demand, savings, money market, time deposit, individual retirement accounts, as well as certificates of deposit. It also provides commercial and residential real estate, consumer real estate, and construction and land development loans; commercial and financial loans; mortgage loans; and direct consumer installment, educational, agriculture, and other revolving credit loans; equipment financing leases to small and mid-size companies; and overdraft facilities. In addition, the company offers wealth management, insurance, mortgage origination, and internet and mobile banking services. SmartFinancial, Inc. is headquartered in Knoxville, Tennessee.

CEO	Mr. William Young Carroll Jr.
WEBSITE	smartbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	583

SmartFinancial Inc Frequently Asked Questions

What is the ticker symbol for SmartFinancial Inc? What does SMBK stand for in stocks?

SMBK is the stock ticker symbol of SmartFinancial Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of SmartFinancial Inc (SMBK)?

As of Fri May 17 2024, market cap of SmartFinancial Inc is 393.81 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SMBK stock?

You can check SMBK's fair value in chart for subscribers.

What is the fair value of SMBK stock?

You can check SMBK's fair value in chart for subscribers. The fair value of SmartFinancial Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of SmartFinancial Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SMBK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is SmartFinancial Inc a good stock to buy?

The fair value guage provides a quick view whether SMBK is over valued or under valued. Whether SmartFinancial Inc is cheap or expensive depends on the assumptions which impact SmartFinancial Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SMBK.

What is SmartFinancial Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, SMBK's PE ratio (Price to Earnings) is 14.89 and Price to Sales (PS) ratio is 1.75. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SMBK PE ratio will change depending on the future growth rate expectations of investors.