SmartFinancial price target raised to $39.50 from $37 at Piper Sandler

Piper Sandler analyst Stephen Scouten raised the firm’s price target on SmartFinancial (SMBK) to $39.50 from $37 and keeps a Neutral rating on the shares. The firm views Q3 results from SmartFinancial as encouraging. Expenses remained flat quarter-over-quarter despite adding 10 revenue-producing team members in the first half of 2025. The bank also took a much smaller provision than expected, pushing core EPS to 86c, a hefty 13c above Piper Sandler’s estimates and 17c above Q2 2025.