Smartfinancial Inc. (SMBK) Files Form 4 Insider Selling : John H Sr Coxwell Sells 10,000 Shares

Smartfinancial Inc. (SMBK): John H Sr Coxwell , EVP & COO of Smartfinancial Inc. sold 10,000 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $16.25 per share for a total value of $162,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, Monique Berke (director) purchased 1,000 shares at $18.47 per share price.On Oct 26, 2015, Doyce G Md Payne (director) purchased 2,000 shares at $15.00 per share price.Also, On Oct 16, 2015, Wesley Miller Welborn (Chairman) purchased 26,668 shares at $15.00 per share price.On Oct 16, 2015, Nathaniel F Hughes (EVP & Investment Officer) purchased 12,172 shares at $15.00 per share price.

Company has been under the radar of several Street Analysts.SmartFinancial Inc is Initiated by Hovde Group to Outperform and the brokerage firm has set the Price Target at $17.50. The Rating was issued on Aug 29, 2016.

SmartFinancial Inc. formerly Cornerstone Bancshares Inc. is a bank holding company. The Company operates through subsidiaries including SmartBank and Cornerstone Community Bank. SmartBank operates in approximately seven branch locations across East Tennessee and the Florida Panhandle. Cornerstone Community Bank operates in approximately five branch locations serving clients throughout the Chattanooga metropolitan statistical area (MSA). The Company through its subsidiaries offers personal banking business banking and e-banking services. Its personal banking services include personal checking personal savings personal mortgages personal loans and personal banking additional services. Its business banking services include business checking business loans small business administration (SBA) loans and business banking additional services. Its e-banking services include mobile banking online bill pay SmartPay and e-statements.

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