SmartFinancial price target raised to $36 from $32 at Raymond James

Raymond James analyst Steve Moss raised the firm’s price target on SmartFinancial (SMBK) to $36 from $32 while keeping a Strong Buy rating on the shares. SmartFinancial reported “stellar” Q3 results marked by “robust” loan growth and net interest margin expansion, and the firm thinks SmartFinancial is well-positioned for significant pre-provision net revenue growth in 2025 as it deepens its presence in its economically vibrant footprint with minimal incremental expenses, the analyst tells investors in a research note.