Notable Mover: SmartFinancial Inc Hit 52-Week High

Notable Mover: SmartFinancial Inc Hit 52 Week High

The stock of SmartFinancial Inc (NASDAQ:SMBK) hit a new 52-week high and has $20.09 target or 6.00% above today’s $18.95 share price. The 6 months bullish chart indicates low risk for the $110.22M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $20.09 price target is reached, the company will be worth $6.61 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.32% or $0.43 on November 28, hitting $18.95. About 12,901 shares traded hands or 405.33% up from the average. SmartFinancial Inc (NASDAQ:SMBK) has risen 2.89% since April 25, 2016 and is uptrending. It has underperformed by 3.13% the S&P500.

Analysts await SmartFinancial Inc (NASDAQ:SMBK) to report earnings on February, 6.

According to Zacks Investment Research, “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.”

More important recent SmartFinancial Inc (NASDAQ:SMBK) news were published by: Prnewswire.com which released: “SmartFinancial and Cornerstone Bancshares to Merge” on December 08, 2014, also Prweb.com published article titled: “SmartFinancial Reports Second Quarter Results”, Prnewswire.com published: “Veteran Bankers Join Cornerstone Community Bank, A SmartFinancial Company” on September 09, 2015. More interesting news about SmartFinancial Inc (NASDAQ:SMBK) was released by: Prnewswire.com and their article: “SmartFinancial and Cornerstone Bancshares Announce Merger Completion” with publication date: September 02, 2015.

SMBK Company Profile

SmartFinancial, Inc., formerly Cornerstone Bancshares, Inc., incorporated on October 19, 1983, is a bank holding company. The Firm operates through its SmartBank subsidiary (The Bank). The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from activities and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. SmartBank operates in approximately seven banking offices located in East Tennessee and the Florida Panhandle, and one loan production office and one mortgage loan production office located in Panama City, Florida.

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