SmartFinancial (SMBK) Price Target Increased by 6.00% to 27.03

The average one-year price target for SmartFinancial (NYSE:SMBK) has been revised to 27.03 / share. This is an increase of 6.00% from the prior estimate of 25.50 dated January 16, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 25.25 to a high of 29.40 / share. The average price target represents an increase of 23.54% from the latest reported closing price of 21.88 / share.

SmartFinancial Declares $0.08 Dividend

On January 22, 2024 the company declared a regular quarterly dividend of $0.08 per share ($0.32 annualized). Shareholders of record as of February 2, 2024 received the payment on February 20, 2024. Previously, the company paid $0.08 per share.

At the current share price of $21.88 / share, the stock's dividend yield is 1.46%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.23%, the lowest has been 0.84%, and the highest has been 1.70%. The standard deviation of yields is 0.24 (n=233).

The current dividend yield is 0.97 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.19. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 260 funds or institutions reporting positions in SmartFinancial. This is an increase of 5 owner(s) or 1.96% in the last quarter. Average portfolio weight of all funds dedicated to SMBK is 0.13%, a decrease of 6.80%. Total shares owned by institutions increased in the last three months by 2.29% to 9,452K shares. SMBK / SmartFinancial, Inc. Put/Call Ratios The put/call ratio of SMBK is 4.33, indicating a bearish outlook.

What are Other Shareholders Doing?

SMBK / SmartFinancial, Inc. Shares Held by Institutions

Cravens & Co Advisors holds 648K shares representing 3.81% ownership of the company. In it's prior filing, the firm reported owning 714K shares, representing a decrease of 10.30%. The firm decreased its portfolio allocation in SMBK by 4.65% over the last quarter.

Private Capital Management holds 583K shares representing 3.43% ownership of the company. In it's prior filing, the firm reported owning 593K shares, representing a decrease of 1.73%. The firm increased its portfolio allocation in SMBK by 6.03% over the last quarter.

Banc Funds Co holds 573K shares representing 3.37% ownership of the company. No change in the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 429K shares representing 2.52% ownership of the company. No change in the last quarter.

IWM - iShares Russell 2000 ETF holds 377K shares representing 2.22% ownership of the company. In it's prior filing, the firm reported owning 372K shares, representing an increase of 1.29%. The firm increased its portfolio allocation in SMBK by 5.30% over the last quarter.

SmartFinancial Background Information
(This description is provided by the company.)

SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with 35 branches spanning East and Middle Tennessee, Alabama and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company's success.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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