New insider activity at SmartFinancial ( (SMBK) ) has taken place on February 5, 2025.
Director Wesley Miller Welborn has made a significant investment by purchasing 1,162 shares of SmartFinancial stock, valued at $40,379. This move signals confidence in the company’s future prospects.
Recent Updates on SMBK stock
In the last 24 hours, SmartFinancial, Inc. announced a strong Q4 earnings report, showcasing significant loan and deposit growth, increased net income, and an improved net interest margin. Despite facing challenges like increased noninterest expenses and a decrease in investment services revenue, the company maintained robust credit quality and was recognized as a top workplace. Raymond James increased its price target for SmartFinancial, citing confidence in the company’s earnings outlook due to solid loan growth, core funding strength, and clean credit quality. These factors are expected to drive significant pre-provision net revenue growth in 2025, presenting a favorable risk-reward scenario.
More about SmartFinancial
YTD Price Performance: 12.46%
Average Trading Volume: 54,589
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $588.4M