Barnett & Company Inc. decreased its stake in SmartFinancial Inc (NASDAQ:SMBK) by 13.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,850 shares of the bank’s stock after selling 3,580 shares during the quarter. Barnett & Company Inc. owned approximately 0.28% of SmartFinancial worth $550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in SmartFinancial by 41.6% in the second quarter. Vanguard Group Inc. now owns 225,156 shares of the bank’s stock worth $5,377,000 after buying an additional 66,143 shares in the last quarter. Stieven Capital Advisors L.P. increased its position in SmartFinancial by 5.6% in the second quarter. Stieven Capital Advisors L.P. now owns 209,574 shares of the bank’s stock worth $5,005,000 after buying an additional 11,174 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in SmartFinancial by 100.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 200,000 shares of the bank’s stock worth $4,812,000 after buying an additional 100,000 shares in the last quarter. Wasatch Advisors Inc. increased its position in SmartFinancial by 41.1% in the third quarter. Wasatch Advisors Inc. now owns 114,330 shares of the bank’s stock worth $2,751,000 after buying an additional 33,330 shares in the last quarter. Finally, State Street Corp purchased a new stake in SmartFinancial in the second quarter worth about $1,692,000. Institutional investors and hedge funds own 39.68% of the company’s stock.

Shares of SmartFinancial Inc (NASDAQ SMBK) opened at $22.74 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $186.31, a PE ratio of 26.90 and a beta of 0.26. SmartFinancial Inc has a 1 year low of $17.17 and a 1 year high of $26.26.

Separately, Zacks Investment Research cut SmartFinancial from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd.

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SmartFinancial Company Profile

SmartFinancial, Inc, formerly Cornerstone Bancshares, Inc, is a bank holding company. The Company operates through its SmartBank subsidiary (The Bank). The principal business of the Bank consists of attracting deposits from the public and investing those funds, together with funds generated from operations and from principal and interest payments on loans.

Institutional Ownership by Quarter for SmartFinancial (NASDAQ:SMBK)

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