MARKET

SMBK

SMBK

SmartFinancial
NASDAQ

Real-time Quotes | Nasdaq Last Sale

14.27
-0.05
-0.35%
After Hours: 14.27 0 0.00% 16:00 10/19 EDT
OPEN
14.25
PREV CLOSE
14.32
HIGH
14.66
LOW
14.07
VOLUME
9.27K
TURNOVER
--
52 WEEK HIGH
23.99
52 WEEK LOW
11.05
MARKET CAP
217.15M
P/E (TTM)
9.51
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Hygo firms agreement with Pará state distribution company to use the Barcarena Terminal to supply the regional demand for cleaner fuels.
Golar LNG Limited, today announced that an affiliate of Hygo Energy Transition Limited (“Hygo”) executed a Memorandum of Understanding (“MOU”) with Companhia de Gás do Pará (“GdP”). The MOU is a result of Hygo’s continued efforts to reduce energy costs significantly and support environmentally-responsible and sustainable industrial growth in the immense Amazon region, and especially in the State of Pará.GdP is the regulated Local Distribution Company (“LDC”) that has the exclusive rights to distribute natural gas in the state of Pará, Brazil. The MOU establishes that Hygo and GdP will explore the local market potential and that Hygo will supply natural gas and LNG to GdP once the negotiations are finalized, and the contracts are executed. Hygo will utilize the Barcarena Terminal, the only one permitted in this isolated region, to supply the volumes. The Barcarena Terminal construction is expected to start shortly with operations to commence in the first half of 2022.Fabio Amorim, Commercial Director of GdP said: “The MOU is an important step towards introducing natural gas to the Para state. The Barcarena LNG terminal will transform the fuel supply in the region, and our clients will have an affordable solution to reduce their environmental footprint. The large industries established in the region and the environment will be the most benefited from this initiative”.Tor Olav Trøim, Chairman of Golar LNG commented: “Our commitment is to deliver cleaner and cheaper fuel to our clients. GdP can count on Hygo’s full support in order to introduce natural gas and LNG in this great region in the first half of 2022. The expected LNG demand for this terminal piles up day after day”.Hygo estimates the potential for replacing approximately 1.8 million tons of LNG equivalents per annum of LPG, diesel, fuel oil, and coal from the terminal. The LNG demand for power generation is also significant. Hygo has secured 25-year PPAs for a 605MW power station in the region, which adds 0.6 mtpa of LNG demand to the Barcarena Terminal, starting in January 2025. This power station will  be configured with the ability to run with a blend of up to 50% of Hydrogen. Hygo also expects to utilize the Barcarena LNG terminal to provide an LNG supply solution to the new regional power auction.FORWARD LOOKING STATEMENTSThis press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements.These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Golar LNG Limited and Hygo Energy Transition Limited undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. Golar LNG Limited and Hygo Energy Transition Limited undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by lawHamilton, BermudaOctober 14, 2020Enquiries:Golar Management Limited: + 44 207 063 7900Eduardo MaranhãoStuart Buchanan
GlobeNewswire · 5d ago
Earnings Preview: SmarFinancial (SMBK) Q3 Earnings Expected to Decline
SmarFinancial (SMBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks · 6d ago
Hygo Leadership Update
Golar LNG Limited today announced that Hygo Energy Transition Limited (“Hygo”), has appointed Paul Hanrahan as Chief Executive Officer, effective October 19th 2020\. Mr. Hanrahan will also join the board of directors of Hygo. Mr. Hanrahan brings to the role extensive international business experience, as the former President and Chief Executive Officer of The AES Corporation, one of the world’s leading independent power producers (2002-2011), former Chief Executive Officer of American Capital Energy and Infrastructure Management, an investment company in the energy and infrastructure industries (2012-2017), and former Chief Executive Officer of Globeleq, a leading independent power producer in Africa (2017-2019). Mr Hanrahan also sits on the board of Ingredion Inc, as a member of the audit committee. Mr. Hanrahan holds a Master of Business Administration degree from Harvard Business School and a Bachelor of Science degree in mechanical engineering from the U.S. Naval Academy. Mr Hanrahan is replacing Eduardo Antonello who is stepping down from his role with Hygo, effective immediately. The board accepted the resignation of Mr. Antonello and his wish to protect and isolate Hygo from any misleading interpretation caused by recent allegations involving Mr. Antonello for actions taken prior to his work for Hygo. The board thanks Mr. Antonello for the significant contribution in building the company’s businesses and organization.Hygo and Norsk Hydro (“Hydro”) have today mutually agreed to terminate the existing MOU between the parties dated July 22, 2020 to supply LNG to the Alunorte alumina refinery in Brazil. The Barcarena Terminal is the only one permitted in the region and will have the opportunity to significantly reduce energy costs, and support environmentally responsible and sustainable industrial growth throughout this immense region. Hygo estimates a potential for replacing approximately 1.8 million tons of LNG equivalents per annum of LPG, diesel, fuel oil, and coal from the terminal – creating the foundation for a broader transition away from carbon-intensive energy sources in the region.Hygo has secured 25 year PPAs for a 605MW power station and has received the necessary permits and has been awarded the port concession, to start building the LNG import terminal in the area. Hygo remains committed to the Barcarena Terminal and its plans will not be affected by the termination of the MOU with Hydro. Construction is expected to start shortly with commencement of operations in the first half of 2022.Hygo has, since formation in 2016, built and developed unique infrastructure assets with large contracted revenue backlog for up to 25 years. The company will under the new strong and experienced leadership of Paul Hanrahan continue to deliver cleaner and cheaper energy to emerging markets.FORWARD LOOKING STATEMENTSThis press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements.These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Golar LNG Limited and Hygo Energy Transition Limited undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. Golar LNG Limited and Hygo Energy Transition Limited undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by lawHamilton, BermudaOctober 12, 2020Enquiries:Golar Management Limited: + 44 207 063 7900Eduardo MaranhãoStuart Buchanan
GlobeNewswire · 10/12 13:30
SmartFinancial Sets Third Quarter Earnings Release and Conference Call Dates
KNOXVILLE, Tenn., Oct. 08, 2020 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NASDAQ:SMBK) announces details for the release of its results for the Third Quarter of 2020. SmartFinancial plans to issue its earnings release for the third quarter of 2020 on Tuesday, October 20,
GlobeNewswire · 10/08 21:00
Could The Golar LNG Limited (NASDAQ:GLNG) Ownership Structure Tell Us Something Useful?
If you want to know who really controls Golar LNG Limited (NASDAQ:GLNG), then you'll have to look at the makeup of its...
Simply Wall St. · 10/02 16:02
End of FLNG Gimi Force Majeure Events
Golar LNG Limited (“Golar”) announces today that Gimi MS Corp., a subsidiary of Golar, has confirmed a revised project schedule with BP Mauritania Investments Ltd. (“BP”) for the Greater Tortue Ahmeyim project. The revised project schedule will result in the target connection date for the converted
GlobeNewswire · 10/01 13:19
Golar LNG Limited: 2020 AGM Results Notification
GlobeNewswire · 09/25 14:24
Golar LNG Limited update
The Company is aware of the allegations that have been made against Hygo's Chief Executive, Eduardo Antonello.  The allegations against Mr. Antonello involve conduct that predates and do not, in any way, implicate his work at Hygo.  However, in an abundance of caution, Hygo has initiated a review
GlobeNewswire · 09/24 16:22
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Learn about the latest financial forecast of SMBK. Analyze the recent business situations of SmartFinancial through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 7 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average SMBK stock price target is 17.64 with a high estimate of 19.50 and a low estimate of 16.00.
EPS
Institutional Holdings
Institutions: 106
Institutional Holdings: 7.21M
% Owned: 47.41%
Shares Outstanding: 15.22M
TypeInstitutionsShares
Increased
33
308.35K
New
12
-23.18K
Decreased
18
139.67K
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Banks
-0.51%
Banking Services
-0.68%
Key Executives
Chairman/Executive Director
Wesley Welborn
President/Chief Executive Officer/Director
William Carroll
Chief Financial Officer/Executive Vice President
C Johnson
Chief Financial Officer/Executive Vice President
C. Johnson
Chief Financial Officer/Executive Vice President
Ronald Gorczynski
Chief Human Resource Officer/Executive Vice President
Diane Short
Executive Vice President
Gregory Davis
Executive Vice President
Gary Petty
Other
Rhett Jordan
Lead Director/Independent Director
David Ogle
Independent Director
Victor Barrett
Independent Director
Monique Berke
Independent Director
Ted Miller
Independent Director
Ottis Phillips
Independent Director
Steven Tucker
Independent Director
Keith Whaley
Independent Director
Geoffrey Wolpert
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
07/23/2020
Dividend USD 0.05
08/06/2020
04/23/2020
Dividend USD 0.05
05/07/2020
01/23/2020
Dividend USD 0.05
02/06/2020
11/06/2019
Dividend USD 0.05
11/20/2019
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About SMBK
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.
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