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Summit Financial Group Stock Price, News & Analysis (NASDAQ:SMMF)

$26.00
+0.11 (+0.42%)
(As of 10:07 AM ET)
Compare
Today's Range
$25.69
$26.00
50-Day Range
$21.00
$25.89
52-Week Range
$17.06
$27.75
Volume
3,359 shs
Average Volume
29,480 shs
Market Capitalization
$381.55 million
P/E Ratio
6.72
Dividend Yield
3.38%
Price Target
$27.00

Summit Financial Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.1% Upside
$27.00 Price Target
Short Interest
Healthy
0.26% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.96mentions of Summit Financial Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$84,041 Bought Last Quarter
Proj. Earnings Growth
2.19%
From $4.11 to $4.20 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Finance Sector

176th out of 693 stocks

State Commercial Banks Industry

26th out of 139 stocks


SMMF stock logo

About Summit Financial Group Stock (NASDAQ:SMMF)

Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia, and the Central region of Kentucky. Its community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and land development, residential real estate, and consumer loans; and mortgage warehouse lines of credit, as well as trust and wealth management, cash management, and insurance services. The company was incorporated in 1987 and is headquartered in Moorefield, West Virginia.

SMMF Stock Price History

SMMF Stock News Headlines

Summit Financial Group (NASDAQ:SMMF) Now Covered by StockNews.com
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Summit Financial declares $0.22 dividend
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates JVA, SMMF, SCU
Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
SMMF Summit Financial Group, Inc.
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMMF, RPT, AGE
See More Headlines
Receive SMMF Stock News and Ratings via Email

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Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Last Earnings
10/26/2023
Today
12/08/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/25/2024

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:SMMF
Employees
432
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$27.00
High Stock Price Target
$27.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+5.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$53.22 million
Pretax Margin
27.92%

Debt

Sales & Book Value

Annual Sales
$166.77 million
Cash Flow
$5.06 per share
Book Value
$26.57 per share

Miscellaneous

Free Float
12,785,000
Market Cap
$377.00 million
Optionable
Not Optionable
Beta
0.44
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Key Executives

  • Mr. H. Charles Maddy III (Age 60)
    Vice Chairman, President & CEO
    Comp: $938.32k
  • Mr. Robert S. Tissue (Age 60)
    Executive VP & CFO
    Comp: $533.02k
  • Mr. Scott C. Jennings (Age 62)
    Executive VP & COO
    Comp: $533.16k
  • Mr. Patrick N. Frye (Age 64)
    Executive VP & Chief of Credit Administration
    Comp: $485.81k
  • Mr. Bradford E. Ritchie (Age 55)
    Executive VP & President of Summit Community Bank
    Comp: $593.06k
  • Ms. Julie R. Markwood (Age 40)
    Executive VP & Chief Accounting Officer
  • Ms. Teresa D. Ely
    Company Secretary, Executive Assistant to President & CEO and Director of Shareholder Relations
  • Ms. Danyl R. Freeman (Age 53)
    Executive VP & Chief Human Resources Officer
  • Angela R. Zirk
    Executive VP & Chief Experience Officer
  • Ms. Lauren N. Kimlel
    Executive VP & Chief Banking Officer














SMMF Stock Analysis - Frequently Asked Questions

Should I buy or sell Summit Financial Group stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Financial Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMMF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMMF, but not buy additional shares or sell existing shares.
View SMMF analyst ratings
or view top-rated stocks.

What is Summit Financial Group's stock price target for 2024?

1 brokers have issued 1-year target prices for Summit Financial Group's shares. Their SMMF share price targets range from $27.00 to $27.00. On average, they expect the company's share price to reach $27.00 in the next year. This suggests a possible upside of 5.1% from the stock's current price.
View analysts price targets for SMMF
or view top-rated stocks among Wall Street analysts.

How have SMMF shares performed in 2023?

Summit Financial Group's stock was trading at $24.89 at the beginning of 2023. Since then, SMMF stock has increased by 3.2% and is now trading at $25.69.
View the best growth stocks for 2023 here
.

Are investors shorting Summit Financial Group?

Summit Financial Group saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 31,000 shares, a decline of 56.4% from the October 31st total of 71,100 shares. Based on an average trading volume of 40,200 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company's shares are sold short.
View Summit Financial Group's Short Interest
.

When is Summit Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our SMMF earnings forecast
.

How were Summit Financial Group's earnings last quarter?

Summit Financial Group, Inc. (NASDAQ:SMMF) issued its quarterly earnings data on Thursday, October, 26th. The bank reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.06. The bank had revenue of $69.96 million for the quarter. Summit Financial Group had a trailing twelve-month return on equity of 14.39% and a net margin of 22.04%.

How often does Summit Financial Group pay dividends? What is the dividend yield for Summit Financial Group?

Summit Financial Group declared a quarterly dividend on Tuesday, November 28th. Stockholders of record on Friday, December 15th will be given a dividend of $0.22 per share on Friday, December 29th. This represents a $0.88 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for SMMF
.

Is Summit Financial Group a good dividend stock?

Summit Financial Group (NASDAQ:SMMF) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.52%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 22.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMMF will have a dividend payout ratio of 20.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMMF.

What is H. Charles Maddy III's approval rating as Summit Financial Group's CEO?

2 employees have rated Summit Financial Group Chief Executive Officer H. Charles Maddy III on Glassdoor.com. H. Charles Maddy III has an approval rating of 100% among the company's employees. This puts H. Charles Maddy III in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Summit Financial Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Financial Group investors own include Verizon Communications (VZ), Xilinx (XLNX), Carnival Co. & (CCL), GDS (GDS), ON Semiconductor (ON), Netflix (NFLX), QUALCOMM (QCOM), Royal Gold (RGLD), Sibanye Gold (SBGL).

Who are Summit Financial Group's major shareholders?

Summit Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include EJF Capital LLC (0.85%), Northern Trust Corp (0.79%), American Century Companies Inc. (0.49%), Acadian Asset Management LLC (0.45%), Axxcess Wealth Management LLC (0.35%) and Fifth Third Bancorp (0.31%). Insiders that own company stock include Charles Piccirillo, Dewey F Bensenhaver, Gary L Hinkle, James M Cookman, Jason A Kitzmiller, Jill S Upson, Joseph Hager, Oscar M Bean, Ronald B Spencer and Scott C Jennings.
View institutional ownership trends
.

How do I buy shares of Summit Financial Group?

Shares of SMMF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SMMF) was last updated on 12/8/2023 by MarketBeat.com Staff

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