Rhett Jordan Sells Shares of SmartFinancial, Inc.
Rhett Jordan, EVP & Chief Credit Officer, sold 400 shares of SmartFinancial, Inc. on June 12, 2026.
Key Points
- Rhett Jordan, EVP & Chief Credit Officer at SmartFinancial, sold 400 shares valued at $18,000 on June 12, 2026.
- SmartFinancial, Inc. shares are trading near $45.46, with a market cap of about $777.3 million and a P/E ratio of 14.57.
- Recent insider activity includes buying by Victor Lynn Barrett and Cathy Ackermann, while analysts maintain a hold rating.
On June 12, 2026, Rhett Jordan, the Executive Vice President and Chief Credit Officer of SmartFinancial, Inc. (NYSE: SMBK), sold 400 shares of the company. The transaction was valued at $18,000, with an average price of $45.00 per share. This sale was not part of a pre-planned trading program.
Insider Buying and Selling at SmartFinancial, Inc.
In addition to Rhett Jordan's sale, there have been other notable insider transactions at SmartFinancial. On June 10, 2026, Victor Lynn Barrett purchased 3,000 shares at an average price of $43.78. Earlier, on June 4, 2026, Cathy Ackermann bought 3,000 shares at $42.12 each. Geoffrey Alan Wolpert was also active, buying and selling large blocks of shares in May.
Other Institutional Activity in SmartFinancial, Inc.
BlackRock, Inc. increased its holdings in SmartFinancial by 19,627 shares, bringing its total to 1,284,557 shares valued at about $50.2 million. Dimensional Fund Advisors LP slightly reduced its position by 2,409 shares, holding 836,388 shares worth approximately $32.7 million. State Street Corp made a significant addition, acquiring 110,721 shares to hold a total of 440,532 shares valued at $17.2 million.
SmartFinancial, Inc. Stock Snapshot
Shares of SmartFinancial, Inc. are currently trading around $45.46. The company has a market capitalization of approximately $777.3 million and a P/E ratio of 14.57. Its beta is 0.718, indicating lower volatility compared to the market. Over the past year, the stock has traded between $30.95 and $45.63, with a 50-day moving average of $41.83 and a 200-day moving average of $38.71.
Recent Earnings
SmartFinancial reported revenues of $196.5 million, with a growth rate of 8.3%. The company achieved a net margin of 26.85% and a return on equity of 9.88%. Its earnings per share stood at $3.12. The next earnings release is expected on July 20, 2026.
Dividend
SmartFinancial pays an annual dividend rate of $0.33, yielding 0.73%. The dividend payout ratio is 10.26%, indicating a conservative approach to dividend distribution.
Analysts Set New Price Targets
On April 21, 2026, Keefe, Bruyette & Woods maintained their hold rating for SmartFinancial with a price target of $46.00. The consensus among analysts is a hold rating, with an average target price of $46.15 based on five opinions.
About SmartFinancial, Inc.
SmartFinancial, Inc. is a bank holding company based in Knoxville, Tennessee. It operates SmartBank, providing a range of financial services including deposits, loans, and wealth management primarily in Tennessee, Alabama, and Florida. Led by CEO Mr. William Young Carroll Jr., the company employs 581 people and focuses on serving individuals and corporate clients.
Bottom Line
Rhett Jordan's recent sale of SmartFinancial shares highlights ongoing insider activity at the company. Investors often watch such moves closely, though they don't necessarily signal future performance. SmartFinancial continues to show steady financial metrics and maintains a diverse range of services across key regional markets.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.