Raymond James Lifts SmartFinancial Price Target to $50 After Strong Q1 Results
Raymond James raised its price target for SmartFinancial to $50.00, implying a 16.93% upside from current levels. SmartFinancial reported Q1 2026 revenues of $53.82 million, up 14.9% year-over-year, net income of $13.70 million ($0.81 per share) and a net interest margin of 3.48%.
1. Analyst Price Target Increase
On April 20, Raymond James increased its price target for SmartFinancial to $50.00 per share, reflecting a 16.93% potential upside from current market levels.
2. Q1 2026 Revenue and Net Income
SmartFinancial achieved Q1 2026 revenues of $53.82 million, a 14.9% increase year-over-year, and net income of $13.70 million, or $0.81 per share, compared with $11.30 million, or $0.67 per share, a year earlier.
3. Margin Expansion and Loan Growth
The bank’s net interest margin expanded to 3.48% in the quarter while net organic loan originations reached $155 million, underscoring strengthened profitability and core lending momentum in its southeastern markets.