SMBK Stock Summary and Trading Ideas (Smartfinancial | NYSE:SMBK)

SmartFinancial Inc operates as a bank holding company for SmartBank. It offers various banking and financial services to individuals and corporate customers. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, mainly in commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. The primary source of revenue is interest income from earning assets, namely loans and securities.

Smartfinancial trades on the NYSE stock market under the symbol SMBK.

As of April 24, 2024, SMBK stock price climbed to $20.78 with 72,792 million shares trading.

SMBK has a beta of 0.91, meaning it tends to be less sensitive to market movements. SMBK has a correlation of 0.15 to the broad based SPY ETF.

SMBK has a market cap of $354.44 million. This is considered a Small Cap stock.

Last quarter Smartfinancial reported $40 million in Revenue and $.49 earnings per share. This beat revenue expectation by $961,000 and exceeded earnings estimates by $.08.

In the last 3 years, SMBK stock traded as high as $30.50 and as low as $18.86.

The top ETF exchange traded funds that SMBK belongs to (by Net Assets): VTI, IWM, VXF, IWN, AVUV.

SMBK has underperformed the market in the last year with a return of -3.3%, while the SPY ETF gained +24.2%. In the last 3 month period, SMBK fell short of the market, returning -11.2%, while SPY returned +4.6%. However, in the most recent 2 weeks SMBK has outperformed the stock market by returning +0.2%, while SPY returned -2.7%.

SMBK support price is $19.70 and resistance is $20.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMBK stock will trade within this expected range on the day.