SmartFinancial, Inc. Buyback
OLI recorded this information on 11/20/2018
Company:
SmartFinancial, Inc.
Buyback:
SMBK buyback
$Amount Authorized:
$10,000,000
Buyback Details:
SmartFinancial, Inc., Knoxville, Tennessee ("SmartFinancial") (Nasdaq: SMBK), parent company of SmartBank, today announced that its board of directors authorized a stock repurchase plan. Under the plan, SmartFinancial may repurchase up to $10 million of its outstanding shares of common stock.
SmartFinancial is a bank holding company. Through its subsidiary, SmartBank, Co. accepts deposits from the general public and invests those funds, together with funds generated from operations 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. Co.'s primary deposit products are interest-bearing demand deposits, savings and money market deposits, and time deposits. Co. has six portfolio segmentations: commercial real estate, consumer real estate, construction and land development, commercial and industrial, leases and consumer and other.
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Avg. Broker Rec.
  
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Buy (2.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: SMBK Stock Forecast Based on Zacks ABR data; powered by Xignite |
