Equity Analysis /
United States of America

US : SmartFinancial, Inc. - SMBK | Reiterate Outperform, Target Price to $22; Deferrals a Highlight at 0.7%, Core Trends Solid

    CGS-CIMB
    21 January 2021
    Published byCGS-CIMB

    We are reiterating ourOutperformrating, and raising our target price to $22 from $18 on SmartFinancial (SMBK) following 4Q20 results that exceeded expectations (aided by zero provision expense in the quarter; see ourFirst Lookfor more color on quarterly results). Moving forward, we believe credit w