SmartFinancial with ticker code (SMBK) now have 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 22 and 17.5 calculating the average target price we see 19.14. Given that the stocks previous close was at 18.02 this is indicating there is a potential upside of 6.2%. The 50 day moving average now sits at 17.49 while the 200 day moving average is 15.26. The company has a market capitalisation of $276m. Visit the company website at: http://www.smartfinancialinc.com
The potential market cap would be $293m based on the market concensus.
SmartFinancial operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia. It accepts various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit. The company also provides commercial and consumer real estate loans, construction and land development, commercial and industrial, and consumer and other loans. In addition, it offers Internet and mobile banking services. As of March 31, 2020, the company operated through 35 full-service branches located in Tennessee, Alabama, and Florida; and 2 loan production offices and 2 service centers. SmartFinancial is headquartered in Knoxville, Tennessee.
