SmartFinancial evp Rhett Jordan sells $9,960 in shares

Rhett D. Jordan, Executive Vice President and Chief Credit Officer at SMARTFINANCIAL INC. (NASDAQ:SMBK), divested 200 shares of the company's common stock on October 26, 2026. The sale occurred at a price of $49.80 per share, generating a total of $9,960 from the transaction. Following the sale, Mr. Jordan retained a holding of 10,942 shares of SmartFinancial common stock.

The insider sale took place amidst a period of strong performance for SMBK's stock. Over the past year, shares have increased by 42%, and year-to-date, they have risen by 35%. According to InvestingPro analysis, the stock appears undervalued at its current valuation, trading with a P/E ratio of 13.55. Investors seeking a deeper understanding of SMBK's valuation and growth potential can refer to the comprehensive Pro Research Report available for SmartFinancial and over 1,400 other US equities on the InvestingPro platform.

SmartFinancial recently reported its third-quarter earnings, surpassing market expectations. The company reported a profit of $1.10 per share, exceeding the anticipated $0.96 per share. However, the company's revenue of $56.53 million fell short of the estimated $57.69 million. Despite the revenue shortfall, SmartFinancial highlighted several positive aspects, including record operating revenue, strong loan growth, and stable credit quality.

In another development, Raymond James downgraded SmartFinancial's stock rating from Strong Buy to Outperform. The downgrade was prompted by concerns over net interest margin pressures resulting from a prolonged higher interest rate environment. Raymond James also adjusted its price target for SmartFinancial's stock from $58 to $56. This adjustment reflects the challenges faced by the company in funding costs and growth risks amidst the current interest rate landscape.

These recent developments offer a comprehensive overview of SmartFinancial's current financial and market position. This article was generated with the assistance of AI and subsequently reviewed by an editor for accuracy and quality. For further information, please refer to the Terms and Conditions.