|Over a month ago|
SmartFinancial increases quarterly dividend 20% to 6c per share » 17:0101/2801/28/21
SmartFinancial declared a…
SmartFinancial declared a quarterly cash dividend of 6c per share of SmartFinancial common stock payable on March 1 to shareholders of record as of the close of business on February 12. The 6c per share quarterly dividend represents a 20% increase.
SmartFinancial reports Q4 operating EPS 61c, consensus 43c » 17:0301/1901/19/21
Reports Q4 CET1 capital…
Reports Q4 CET1 capital ratio 11.61%. Reports Q4 tangible book value per share $17.92. Reports Q4 net charge-offs .08%. Billy Carroll, president and CEO, stated: "We are extremely pleased with our results for the quarter and for the year. The year was unprecedented on several fronts, but our energetic, entrepreneurial team rose to the occasion and posted very sound results. Our continued focus on diversification of revenue and work on efficiency gains are being seen in our metrics, and that, coupled with our solid credit quality, keeps us very excited about our future."
|Over a quarter ago|
SmartFinancial resumed with an Overweight at Stephens » 07:2410/2810/28/20
Stephens analyst Matt…
Stephens analyst Matt Olney resumed coverage of SmartFinancial with an Overweight rating and $18 price target. He views the bank as well positioned, telling investors that its "tier 2" markets could experience stronger economic growth and result in more balance sheet growth opportunities.
SmartFinancial resumes stock repurchase plan » 17:0110/2710/27/20
SmartFinancial announced the resumption of its stock repurchase plan. The plan was originally authorized by the board of directors on November 20, 2018.
SmartFinancial reports Q3 EPS 42c, consensus 40c » 17:0210/2010/20/20
Reports Q3 revenue…
Reports Q3 revenue $30.2M, consensus $29.05M. Q3 net interest margin was 3.39% for the third quarter of 2020, compared to 3.63% for the second quarter of 2020. Q3 provision for loan losses was $2.6M in the third quarter of 2020, compared to $2.9M in the second quarter of 2020.
SmartFinancial upgraded to Outperform from Market Perform at Raymond James » 07:2507/2307/23/20
Raymond James analyst…
Raymond James analyst Ammar Samma upgraded SmartFinancial to Outperform from Market Perform with an $18 price target following the company's "very strong" Q2 results. Samma says SmartFinancial's "adjusted" reserves excluding PPP stood at 1.53%, up 7% sequentially, bringing reserves well above peers from Q1 results.
SmartFinancial upgraded to Outperform from Market Perform at Raymond James » 06:2607/2307/23/20
Raymond James upgraded…
Raymond James upgraded SmartFinancial to Outperform from Market Perform with an $18 price target.
SmartFinancial reports Q2 adjusted EPS 48c, consensus 25c » 17:0107/2107/21/20
Billy Carroll, President…
Billy Carroll, President & CEO, stated: "We are extremely pleased to report another very solid quarter. While finalizing our Progressive Financial Group integration and conversion, we reported outstanding increases in revenue, in particular our non-interest income performance. Our team also continues to focus on our tremendous asset quality and have worked with many new and existing clients to secure PPP funding, creating a number of great opportunities for our bank. The outlook for our company remains very strong."
SmartFinancial files $100M mixed securities shelf 16:1306/2606/26/20
Fly Insider: Dynavax, SmartFinancial among weeks notable insider trades » 13:3606/0106/01/20
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