How does SMBK's PE Ratio compare to its peers?

SMBK is expensive based on its Price-To-Earnings Ratio (19x) compared to the peer average (15x).

How does SMBK's PE Ratio compare vs other companies in the US Banks Industry?

SMBK is expensive based on its Price-To-Earnings Ratio (19x) compared to the US Banks industry average (13.1x).

What is SMBK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SMBK is expensive based on its Price-To-Earnings Ratio (19x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

What is the Fair Price of SMBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SMBK ($36.73) is trading below our estimate of [[fair value]] ($57.84)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

SmartFinancial (NYSE:SMBK) - Stock Price, News & Analysis

SMBK Stock Overview

Operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, and Florida. More details

SMBK fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	2/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 36.5% below our estimate of its fair value

Earnings are forecast to grow 15.88% per year

Risk Analysis

Significant insider selling over the past 3 months

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

Margin Mastery And Decisive Shifts Propel Growth And Profit Potential

Key Takeaways Strategic financial adjustments and efficient lending practices are likely to enhance net margins, earnings, and revenues over time. Tax strategies and subsidiary formation are anticipated to reduce tax rates, benefiting net income.

View narrative

US$35.54

3.3% overvalued

12.34%

Revenue growth p.a.

3 days ago

SmartFinancial, Inc. Competitors

Heritage Commerce

NasdaqGS:HTBK

US$668.8m

Capital City Bank Group

NasdaqGS:CCBG

US$662.9m

CNB Financial

NasdaqGS:CCNE

US$585.3m

Peapack-Gladstone Financial

NasdaqGS:PGC

US$634.7m

Price History & Performance

Summary of all time highs, changes and price drops for SmartFinancial
Historical stock prices
Current Share Price	US$36.73
52 Week High	US$37.72
52 Week Low	US$19.00
Beta	0.67
11 Month Change	15.90%
3 Month Change	26.26%
1 Year Change	67.26%
33 Year Change	39.45%
5 Year Change	61.10%
Change since IPO	138.51%

SmartFinancial's (NYSE:SMBK) Dividend Will Be $0.08

Nov 01

Recent updates

SmartFinancial Non-GAAP EPS of $0.61 misses by $0.02, revenue of $40.29M misses by $0.63M

Jul 25

SmartFinancial (NASDAQ:SMBK) Is Paying Out A Larger Dividend Than Last Year

Feb 03

SmartFinancial (NASDAQ:SMBK) Has Re-Affirmed Its Dividend Of US$0.06

Nov 04

SmartFinancial (NASDAQ:SMBK) Has Announced A Dividend Of US$0.06

Jul 29

Shareholders Will Probably Hold Off On Increasing SmartFinancial, Inc.'s (NASDAQ:SMBK) CEO Compensation For The Time Being

May 20

Shareholder Returns

	SMBK	US Banks	US Market
7D	2.2%	1.8%	2.2%
1Y	67.3%	57.7%	31.6%

Return vs Industry: SMBK exceeded the US Banks industry which returned 57.8% over the past year.

Return vs Market: SMBK exceeded the US Market which returned 31.7% over the past year.

Price Volatility

Is SMBK's price volatile compared to industry and market?
SMBK volatility
SMBK Average Weekly Movement	4.5%
Banks Industry Average Movement	5.1%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: SMBK has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: SMBK's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	578	Billy Carroll	www.smartbank.com

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.

SmartFinancial, Inc. Fundamentals Summary

How do SmartFinancial's earnings and revenue compare to its market cap?
SMBK fundamental statistics
Market cap	US$621.71m
Earnings (TTM)	US$32.69m
Revenue (TTM)	US$159.20m

19.0x

P/E Ratio

1.3x

P/B Ratio

Is SMBK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SMBK income statement (TTM)
Revenue	US$159.20m
Cost of Revenue	US$0
Gross Profit	US$159.20m
Other Expenses	US$126.51m
Earnings	US$32.69m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.93
Gross Margin	100.00%
Net Profit Margin	20.53%
Debt/Equity Ratio	12.8%

How did SMBK perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

16%

Payout Ratio

Does SMBK pay a reliable dividends?

See SMBK dividend history and benchmarks

When do you need to buy SMBK by to receive an upcoming dividend?
SmartFinancial dividend dates
Ex Dividend Date	Nov 12 2024
Dividend Pay Date	Nov 27 2024
Days until Ex dividend	12 days
Days until Dividend pay date	3 days

Does SMBK pay a reliable dividends?

See SMBK dividend history and benchmarks

SMBK Stock Overview

Rewards

Risk Analysis

Margin Mastery And Decisive Shifts Propel Growth And Profit Potential

SmartFinancial, Inc. Competitors

NasdaqGS:HTBK

US$668.8m

NasdaqGS:CCBG

US$662.9m

NasdaqGS:CCNE

US$585.3m

NasdaqGS:PGC

US$634.7m

Price History & Performance

Recent News & Updates

Price target increased by 8.1% to US$35.54

Independent Director notifies of intention to sell stock

Independent Director recently sold US$223k worth of stock

SmartFinancial's (NYSE:SMBK) Dividend Will Be $0.08

Third quarter dividend of US$0.08 announced

SmartFinancial, Inc. Approves Regular Quarterly Cash Dividend, Payable on November 27, 2024

Recent updates

Price target increased by 8.1% to US$35.54

Independent Director notifies of intention to sell stock

Independent Director recently sold US$223k worth of stock

SmartFinancial's (NYSE:SMBK) Dividend Will Be $0.08

Third quarter dividend of US$0.08 announced

SmartFinancial, Inc. Approves Regular Quarterly Cash Dividend, Payable on November 27, 2024

Price target increased by 8.2% to US$32.88

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

SmartFinancial, Inc. to Report Q3, 2024 Results on Oct 21, 2024

Second quarter dividend of US$0.08 announced

SmartFinancial, Inc. Approves Regular Quarterly Cash Dividend, Payable on August 26, 2024

Price target increased by 15% to US$29.40

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 16%

SmartFinancial, Inc. to Report Q2, 2024 Results on Jul 22, 2024

Independent Director recently sold US$170k worth of stock

SmartFinancial's (NYSE:SMBK) Dividend Will Be $0.08

First quarter dividend of US$0.08 announced

SmartFinancial, Inc. Declares Quarterly Cash Dividend, Payable on May 28, 2024

New minor risk - Profit margin trend

First quarter 2024 earnings: EPS exceeds analyst expectations

SmartFinancial, Inc., Annual General Meeting, May 23, 2024

SmartFinancial, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Full year 2023 earnings: EPS misses analyst expectations

New minor risk - Dividend sustainability

Insufficient new directors

Fourth quarter dividend of US$0.08 announced

Full year 2023 earnings: EPS misses analyst expectations

SmartFinancial, Inc. Declares Quarterly Cash Dividend, Payable on February 20, 2024

Price target increased by 9.2% to US$25.36

SmartFinancial, Inc. to Report Q4, 2023 Results on Jan 22, 2024

New minor risk - Insider selling

SmartFinancial (NASDAQ:SMBK) Has Announced A Dividend Of $0.08

Upcoming dividend of US$0.08 per share at 1.5% yield

Consensus EPS estimates fall by 18%

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.6% to US$23.50

SmartFinancial, Inc. to Report Q3, 2023 Results on Oct 23, 2023

SmartFinancial, Inc. and SmartBank Announces Resignation of Gregory L. Davis, Executive Vice President and Chief Lending Officer, Effective September 29, 2023

Upcoming dividend of US$0.08 per share at 1.3% yield

SmartFinancial (NASDAQ:SMBK) Has Announced A Dividend Of $0.08

Price target increased by 9.4% to US$26.43

SSmartFinancial, Inc. Approves Quarterly Cash Dividend, Payable on August 28, 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

SmartFinancial, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Here's Why We Think SmartFinancial (NASDAQ:SMBK) Is Well Worth Watching

SmartFinancial, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Independent Director recently bought US$100k worth of stock

Upcoming dividend of US$0.08 per share at 1.6% yield

SmartFinancial (NASDAQ:SMBK) Is Due To Pay A Dividend Of $0.08

Price target decreased by 9.2% to US$24.67

Price target decreased by 7.4% to US$27.17

Full year 2022 earnings: EPS exceeds analyst expectations

Investor sentiment deteriorates as stock falls 19%

Upcoming dividend of US$0.08 per share at 1.0% yield

Consensus EPS estimates fall by 12%

SmartFinancial, Inc. Declares Quarterly Cash Dividend, Payable on February 27, 2023

Price target decreased by 8.7% to US$29.83