Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SmartFinancial Inc shares valued at $40,380 were purchased by Welborn Wesley Miller on Feb 03 ’25. At $34.75 per share, Welborn Wesley Miller acquired 1,162 shares. The insider’s holdings grew to 96,938 shares worth approximately $2.8 million following the completion of this transaction.
Also, Jordan Rhett D. sold 350 shares, netting a total of over 12,516 in proceeds. Following the sale of shares at $35.76 each, the insider now holds 9,142 shares.
Before that, PRESLEY JOHN M had sold 6,916 shares from its account. In a trade valued at $242,406, the Director traded SmartFinancial Inc shares for $35.05 each. Upon closing the transaction, the insider’s holdings decreased to 6,916 shares, worth approximately $0.0.
As published in a research note from Stephens on December 09, 2024, SmartFinancial Inc [SMBK] has been rated down from an Overweight to an Equal-weight. Analysts at Hovde Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late October. As of July 24, 2024, Hovde Group has reiterated its “Market perform” rating for SMBK. Earlier on July 24, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for SMBK stock which previously was a “an Overweight”.
Analyzing SMBK Stock Performance
During the last five days, there has been a surge of approximately 6.33%. Over the course of the year, SmartFinancial Inc shares have dropped approximately -6.78%. Shares of the company reached a 52-week high of $36.90 on 02/06/25 and a 52-week low of $26.31 on 04/09/25. A 50-day SMA is recorded $32.09, while a 200-day SMA reached $31.10.
Support And Resistance Levels for SmartFinancial Inc (SMBK)
According to the 24-hour chart, there is a support level at 28.32, which, if violated, would cause prices to drop to 27.75. In the upper region, resistance lies at 29.22. The next price resistance is at 29.55. RSI (Relative Strength Index) is 43.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 48.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
