SmartFinancial Inc. (NASDAQ:SMBK) COO John H. Sr Coxwell, Sr. sold 10,000 shares of the stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $16.25, for a total value of $162,500.00. Following the completion of the transaction, the chief operating officer now directly owns 13,137 shares of the company’s stock, valued at $213,476.25. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of SmartFinancial Inc. (NASDAQ:SMBK) opened at 16.285 on Friday. The firm has a market capitalization of $95.07 million, a PE ratio of 29.717 and a beta of 0.27. The company’s 50-day moving average price is $15.87 and its 200-day moving average price is $16.16. SmartFinancial Inc. has a 12-month low of $14.21 and a 12-month high of $18.75.
Separately, Hovde Group initiated coverage on SmartFinancial in a report on Monday, August 29th. They set an “outperform” rating and a $17.50 price target for the company.
SmartFinancial Company Profile
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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