SMBK - SmartFinancial Inc Stock Price, Fair Value and News

19.49USD+0.23 (+1.19%)Market Closed

Market Summary

USD19.49+0.23

Market Closed

1.19%

SMBK Stock Price

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SMBK RSI Chart

SMBK Valuation

Market Cap

332.5M

Price/Earnings (Trailing)

11.63

Price/Sales (Trailing)

1.52

EV/EBITDA

-0.11

Price/Free Cashflow

9.94

SMBK Price/Sales (Trailing)

SMBK Profitability

EBT Margin

16.61%

Return on Equity

6.22%

Return on Assets

0.59%

Free Cashflow Yield

10.06%

SMBK Fundamentals

SMBK Revenue

Revenue (TTM)

218.0M

Rev. Growth (Yr)

21.52%

Rev. Growth (Qtr)

4.02%

SMBK Earnings

Earnings (TTM)

28.6M

Earnings Growth (Yr)

-52.4%

Earnings Growth (Qtr)

199.47%

Breaking Down SMBK Revenue

Last 7 days

-6.2%

Last 30 days

-5.9%

Last 90 days

-12.2%

Trailing 12 Months

-13.1%

How does SMBK drawdown profile look like?

SMBK Financial Health

SMBK Investor Care

Dividend Yield

1.64%

Dividend/Share (TTM)

0.32

Shares Dilution (1Y)

0.36%

Diluted EPS (TTM)

1.69

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
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

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of SmartFinancial Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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	-
Jan 31, 2024	tucker steven b.	acquired	-	-	1,376	-

Which funds bought or sold SMBK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	LBMC INVESTMENT ADVISORS, LLC	unchanged	-	-151,499	933,359	0.08%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	new	-	274	274	-%
Apr 05, 2024	CWM, LLC	reduced	-10.27	-4,000	11,000	-%
Apr 02, 2024	Cravens & Co Advisors, LLC	unchanged	-	-2,214,740	13,644,600	11.33%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	new	-	3,306	3,306	-%
Mar 11, 2024	VANGUARD GROUP INC	added	0.16	2,427,140	18,851,000	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	93.78	1,594,690	2,901,040	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.4	23,905	193,006	-%
Feb 23, 2024	MENDON CAPITAL ADVISORS CORP	new	-	1,872,360	1,872,360	0.78%
Feb 16, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-21.2	-8,191	72,809	-%

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
Apr 09, 2024	ARS	ARS
Apr 09, 2024	DEF 14A	DEF 14A
Apr 09, 2024	DEFA14A	DEFA14A
Mar 15, 2024	10-K	Annual Report
Mar 06, 2024	4	Insider Trading
Mar 01, 2024	4	Insider Trading
Feb 12, 2024	SC 13G	Major Ownership Report
Feb 07, 2024	4	Insider Trading
Feb 02, 2024	4	Insider Trading
Feb 02, 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	526.7B	171.1B	-3.91%	31.81%	10.63	3.08	60.72%	31.52%
BAC	283.0B	130.3B	1.52%	21.78%	10.67	2.17	79.51%	-3.68%
WFC	203.8B	85.7B	-0.94%	43.72%	10.65	2.38	41.49%	39.96%
C	111.9B	133.3B	1.65%	18.16%	12.13	0.84	79.09%	-
CFG	15.1B	10.2B	-1.49%	13.37%	9.41	1.48	44.53%	-22.43%
KEY	13.5B	7.9B	-0.41%	19.27%	13.93	1.7	46.47%	-49.56%
MID-CAP
CMA	6.7B	4.2B	2.75%	17.44%	7.65	1.61	56.25%	-23.46%
ZION	6.0B	3.9B	1.56%	34.92%	8.8	1.52	45.91%	-25.03%
ABCB	3.1B	1.3B	-1.16%	34.79%	11.56	2.43	43.24%	-22.35%
ASB	3.1B	2.0B	0.10%	12.49%	16.74	1.56	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	25.23%	-24.02%
ALRS	396.1M	164.9M	-4.97%	29.15%	33.87	2.4	42.66%	-70.76%
AROW	365.2M	162.6M	-7.04%	-2.86%	12.14	2.25	25.39%	-38.37%
ACNB	276.1M	96.6M	-8.72%	5.46%	8.71	2.86	11.02%	-11.37%
ASRV	39.4M	60.9M	-11.88%	-26.28%	-11.79	0.65	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	4.0%	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	27.00
EBITDA Margin	-9.0%	0.84*	0.92*	1.08*	1.19*	1.27*	1.29*	1.30*	1.30*	1.31*	1.34*	1.31*	1.26*	-	-	-	-	-	-	-	-	-
Interest Expenses	-100.0%	-	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	21.00
Income Taxes	414.1%	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	-0.31
Earnings Before Taxes	228.2%	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	6.00
EBT Margin	-23.1%	0.17*	0.22*	0.29*	0.33*	0.35*	0.32*	0.33*	0.33*	0.35*	0.39*	0.37*	0.34*	-	-	-	-	-	-	-	-	-
Net Income	199.5%	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	6.00
Net Income Margin	-23.0%	0.13*	0.17*	0.23*	0.26*	0.27*	0.25*	0.26*	0.26*	0.28*	0.30*	0.29*	0.26*	-	-	-	-	-	-	-	-	-
Free Cashflow	65.2%	9.00	6.00	8.00	10.00	13.00	10.00	11.00	10.00	-1.14	15.00	14.00	15.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.7%	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	2,274
Cash Equivalents	-12.0%	352	400	239	307	266	543	655	764	1,045	1,091	674	557	482	542	399	309	184	171	200	133	116
Net PPE	1.0%	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	56.00
Liabilities	0.4%	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	1,991
Shareholder's Equity	3.0%	460	447	445	443	432	415	420	420	429	425	373	364	357	350	343	336	313	306	300	290	283
Retained Earnings	2.9%	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	40.00
Additional Paid-In Capital	0.1%	296	296	295	295	294	294	294	293	293	293	252	252	253	255	254	254	233	233	232	232	232
Shares Outstanding	0.0%	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	16.00	15.00	15.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	-	401	-	-	-	329	-	-	-	224	-	-	-	274	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	75.3%	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	1,718
Share Based Compensation	-36.4%	173	272	366	538	309	281	398	312	172	158	162	201	117	142	113	110	85.00	156	133	143	70.00
Cashflow From Investing	-191.5%	-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	-15,825
Cashflow From Financing	-72.4%	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	-175
Dividend Payments	-0.3%	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	-	-	-	-	-

SMBK Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans and leases, including fees	$ 186,479	$ 136,381	$ 118,582
Securities:
Taxable	16,665	11,799	3,813
Tax-exempt	1,418	2,166	1,215
Federal funds sold and other earning assets	13,481	8,488	1,622
Total interest income	218,043	158,834	125,232
Interest expense:
Deposits	84,260	18,228	8,849
Borrowings	936	602	540
Subordinated debt	2,767	2,503	2,449
Total interest expense	87,963	21,333	11,838
Net interest income	130,080	137,501	113,394
Provision for credit losses		4,018	1,633
Provision for credit losses, post ASU 2019-04	3,029
Net interest income after provision for credit losses	127,051	133,483	111,761
Noninterest income:
Service charges on deposit accounts	6,511	5,853	4,650
Gain (loss) on sale of securities	(6,801)	144	45
Mortgage banking	1,040	1,552	4,040
Investment services	5,105	4,144	2,167
Insurance commissions	4,684	3,595	3,285
Interchange and debit card transaction fees, net	5,457	5,435	4,284
Other	6,329	6,992	5,478
Total noninterest income	22,325	27,715	23,949
Noninterest expense:
Salaries and employee benefits	65,749	63,420	51,656
Occupancy and equipment	13,451	12,034	10,196
FDIC insurance	3,156	2,672	1,833
Other real estate and loan related expense	2,397	2,446	2,098
Advertising and marketing	1,342	1,293	830
Data processing and technology	9,235	7,283	6,364
Professional services	3,443	3,790	3,147
Amortization of intangibles	2,624	2,607	2,256
Merger related and restructuring expenses	110	562	3,701
Other	11,643	10,183	9,310
Total noninterest expense	113,150	106,290	91,391
Income before income tax expense	36,226	54,908	44,319
Income tax expense	7,633	11,886	9,529
Net income	$ 28,593	$ 43,022	$ 34,790
Earnings per common share:
Basic (in dollars per share)	$ 1.70	$ 2.57	$ 2.23
Diluted (in dollars per share)	$ 1.69	$ 2.55	$ 2.22
Weighted average common shares outstanding:
Basic (in shares)	16,805,068	16,740,450	15,572,537
Diluted (in shares)	16,911,185	16,871,369	15,699,215

SMBK Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS:
Cash and due from banks	$ 61,586	$ 44,265
Interest-bearing deposits with banks	233,237	206,849
Federal funds sold	57,448	15,310
Total cash and cash equivalents	352,271	266,424
Securities available-for-sale, at fair value		483,893
Securities available-for-sale, at fair value, post ASU 2019-04	408,410
Securities held-to-maturity, at amortized cost		285,949
Securities held-to-maturity, at amortized cost, post ASU 2019-04	281,236
Other investments	13,662	15,530
Loans held for sale	4,418	1,752
Total loans and leases	3,444,462
Less: Allowance for credit losses	(35,066)
Loans and leases, net	3,409,396
Loans and leases		3,253,627
Less: Allowance for loan and lease losses		(23,334)
Loans and leases, net		3,230,293
Premises and equipment, net	92,963	92,511
Other real estate owned	517	1,436
Goodwill and other intangibles, net	107,148	109,772
Bank owned life insurance	83,434	81,470
Other assets	75,932	68,468
Total assets	4,829,387	4,637,498
Deposits:
Noninterest-bearing demand	898,044	1,072,449
Interest-bearing demand	1,006,915	965,911
Money market and savings	1,812,427	1,583,481
Time deposits	550,468	455,259
Total deposits	4,267,854	4,077,100
Borrowings	13,078	41,860
Subordinated debt	42,099	42,015
Other liabilities	46,470	44,071
Total liabilities	4,369,501	4,205,046
Shareholders' equity:
Common stock, $1 par value; 40,000,000 shares authorized; 16,988,879 and 16,900,805 shares issued and outstanding, respectively	16,989	16,901
Additional paid-in capital	295,699	294,330
Retained earnings	173,105	156,545
Accumulated other comprehensive income (loss)	(25,907)	(35,324)
Total shareholders' equity	459,886	432,452
Total liabilities and shareholders' equity	$ 4,829,387	$ 4,637,498

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 Mon Apr 15 2024, market cap of SmartFinancial Inc is 332.46 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 Mon Apr 15 2024, SMBK's PE ratio (Price to Earnings) is 11.63 and Price to Sales (PS) ratio is 1.52. 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.