SmartFinancial Inc
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Financials : Banks | Small Cap Value
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. It offers commercial real estate-mortgage, consumer real estate-mortgage, construction and land development, commercial and industrial, and consumer and other loans. The Bank's investment portfolio consists of Federal agency bonds, mortgage-backed securities, and state and municipal securities. The Bank provides a range of deposit services to businesses and individuals, including non-interest bearing checking accounts, interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts (IRAs) and certificates of deposit (CDs). SmartBank operates in approximately 28 branches.

Price
Delayed
$23.00
Day's Change
0.15 (0.66%)
Bid
--
Ask
--
B/A Size
--
Day's High
23.25
Day's Low
23.00
Volume
(Heavy Day)

Today's volume of 24,129 shares is on pace to be much greater than SMBK's 10-day average volume of 28,512 shares.

24,129

MSC Industrial stock drops after profit beat expectations but revenue fell shy

6:45 am ET April 7, 2021 (MarketWatch)
Print

Shares of MSC Industrial Direct Co. (MSM) dropped 4.0% in premarket trading Wednesday after the metalworking and maintenance, repair and operations (MRO) company reported a fiscal second-quarter profit that topped expectations but sales that fell shy. Net income for the quarter to Feb. 27 declined to $18.1 million, or 32 cents a share, from $55.5 million, or $1.00 a share, in the year-ago period. Excluding nonrecurring items, such as $30 million in personal protective equipment (PPE) write-downs, adjusted earnings per share rose to $1.03 from $1.02, above the FactSet consensus of $1.02. Sales fell 1.5% to $774.0 million, missing the FactSet consensus of $778.8 million. "The improving environment and continued execution of our growth and cost take-out programs are combining to position us well," said Chief Executive Erik Gershwind. "We are now emerging as a stronger company and are poised to reaccelerate growth." The stock, which closed at a near 3-year high on Monday, has rallied 8.6% year to date through Tuesday, while the S&P 500 has advanced 8.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 07, 2021 06:45 ET (10:45 GMT)

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