Zacks Investment Research upgraded shares of SmartFinancial (NASDAQ:SMBK) from a sell rating to a hold rating in a report published on Friday.
According to Zacks, “SmartFinancial, Inc. is a bank holding company which provide banking services to individuals and corporate through its subsidiaries SmartBank and Cornerstone Community Bank. It offers deposit products, loan products, e-banking services consisting of online bill payments, smart pay, e-statements, mobile banking as well as debit and credit cards. SmartFinancial, Inc. is based in Knoxville, Tennessee. “
SmartFinancial (NASDAQ:SMBK) traded up $0.06 during midday trading on Friday, reaching $22.26. The company had a trading volume of 17,200 shares, compared to its average volume of 23,940. The company has a market cap of $183.01, a price-to-earnings ratio of 27.48 and a beta of 0.25. SmartFinancial has a 1-year low of $17.17 and a 1-year high of $26.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96.
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SmartFinancial, Inc, formerly Cornerstone Bancshares, Inc, is a bank holding company. The Company operates through its SmartBank subsidiary (The Bank). The principal business of the Bank consists of attracting deposits from the public and investing those funds, together with funds generated from operations and from principal and interest payments on loans.
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