SmartFinancial price target raised to $50 from $47 at Raymond James

Raymond James raised the firm’s price target on SmartFinancial (SMBK) to $50 from $47 and keeps a Strong Buy rating on the shares. The company’s Q1 results were a continuation of strong trends the bank has demonstrated over the past two years as it continues to leverage its franchise and drive strong returns, the analyst tells investors in a research note. The firm added that strong Q1 loan growth, NIM expansion, and continued expense controls bode well for a continued EPS ramp.