SmartFinancial evp Rhett Jordan sells $9,960 in shares

Rhett D. Jordan, Executive Vice President and Chief Credit Officer at SMARTFINANCIAL INC. (NASDAQ:SMBK), sold 200 shares of the company’s common stock on October 26, 2026. The shares were sold at a price of $49.80 per share, totaling $9,960 from the transaction.

Following this sale, Mr. Jordan directly holds 10,942 shares of SmartFinancial common stock.The insider sale comes as SMBK stock has delivered strong performance, with shares up 42% over the past year and 35% year-to-date. According to InvestingPro analysis, the stock appears undervalued at current levels, trading at a P/E ratio of 13.55. For deeper insights into SMBK’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.

In other recent news, SmartFinancial reported its third-quarter earnings, surpassing Wall Street expectations with a profit of $1.10 per share, compared to the anticipated $0.96 per share. However, the company’s revenue of $56.53 million fell short of the expected $57.69 million. Despite the revenue miss, SmartFinancial highlighted record operating revenue, robust loan growth, and stable credit quality as positive factors. In another development, Raymond James downgraded SmartFinancial’s stock rating from Strong Buy to Outperform, citing concerns over net interest margin pressures. The firm also adjusted its price target for the company from $58 to $56. This downgrade reflects the challenges posed by a prolonged higher interest rate environment affecting funding costs and growth risks. These recent developments provide a snapshot of SmartFinancial’s current financial and market position.