SmartFinancial Inc: Benchmark raises target price to $60 from $56

SmartFinancial Inc. (NYSE: SMBK) has seen a recent upward revision in its price target from analysts, with the average 12-month target rising to $48.46 from $47.96, according to six covering analysts. The updated target implies a potential 2% upside from the July 20 closing price. While the latest adjustment does not reach $60, it reflects a more optimistic outlook on the company’s execution potential and valuation relative to its fair value estimate of $44.50.

Recent analyst activity includes upgrades from Keefe Bruyette and Hovde Group, both of which cited improved confidence in SmartFinancial’s ability to execute its strategic plans and the upside embedded in current pricing. The firm’s consensus rating has shifted to “Buy,” with two “Buy” ratings, four “Hold” ratings, and no “Sell” ratings.

In addition to analyst commentary, SmartFinancial has announced a new share repurchase program authorizing up to $10 million in buybacks through February 28, 2027. The company also reported net charge-offs of $1.89 million for the fourth quarter of 2025, offering a key metric for monitoring credit risk.