SmartFinancial, Inc. (NASDAQ:SMBK) is set to announce third quarter earning results on Tuesday 20th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SMBK to report 3Q20 income of $ 0.40 per share.
For the full year, analysts anticipate top line of $ 114.62 million, while looking forward to income of $ 1.42 per share bottom line.
Previous Quarter Performance
SmartFinancial, Inc. reported income for the second quarter of $ 0.48 per share, from the revenue of $ 29.26 million. The quarterly earnings 26.15 percent while revenues up 27.77 percent compared with the same quarter last year.
Street analysts expected SmartFinancial, Inc. to report income of $ 0.25 per share on revenue of $ 27.31 million for the second quarter. The bottom line results beat street analysts by $ 0.23 or 92.00 percent, at the same time, top line results outshined analysts by $ 1.95 million or 7.14 percent.
Stock Performance
Shares of SmartFinancial, Inc. traded low $ -0.05 or -0.35 percent on Monday, reaching $ 14.27 with volume of 9.30 thousand shares. SmartFinancial, Inc. has traded high as $ 14.66 and has cracked $ 14.07 on the downward trend
According to the previous trading day, closing price of $ 14.27, representing a 29.59 % increase from the 52 week low of $ 11.05 and a 40.31 % decrease over the 52 week high of $ 23.99.
The company has a market capital of $ 217.15 million and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
SmartFinancial, Inc. will be hosting a conference call at 10:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.smartfinancialinc.com
SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia. The company offers various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.
