Stock Rating Downgrade
The Value Trend Rating for SmartFinancial Inc (NYSE: SMBK) weakened in the last week from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
SmartFinancial Inc (NYSE: SMBK) stock enjoyed a large increase of 3.1% on 5/1/24. The stock closed at $21.18. Moreover, trading volume in this advance was unusually high at 159% of normal. The stock has been weak relative to the market over the last nine months but has risen 4.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SMBK is expected to continue to be a modest Value Builder.
SmartFinancial has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SmartFinancial has a good Appreciation Score of 72 but a neutral Power Rating of 48, resulting in the High Neutral Value Trend Rating.
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