SmartFinancial is a bank holding company. Through its subsidiary, SmartBank, Co. accepts deposits from the general public and invests those funds, together with funds generated from operations and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, consumer loans and residential and commercial construction loans. Co.'s primary deposit products are interest-bearing demand deposits, savings and money market deposits, and time deposits. Co. has six portfolio segmentations: commercial real estate, consumer real estate, construction and land development, commercial and industrial, leases and consumer and other. We show 35 historical shares outstanding datapoints in our SMBK shares outstanding history coverage, used to compute SMBK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SMBK market cap history over the course of time is important for investors
interested in comparing SMBK's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SMBK versus a peer is one thing; comparing
SMBK market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SMBK can fluctuate over the course of history.
With this page we aim to empower investors researching SMBK by allowing them to research the SMBK market cap history. |
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Video: The Importance of Market Cap
