Summit Financial Group Company Profile (NASDAQ:SMMF)

About Summit Financial Group

Summit Financial Group logoSummit Financial Group, Inc. (Summit) is a financial holding company. The Company provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Shenandoah Valley, and Northern region of Virginia. The Company provides these services through its community bank subsidiary, Summit Community Bank (Summit Community or the Bank). The Company operates through two segments: community banking, and insurance & financial services. The community banking segment consists of its full service banks, which offer customers traditional banking products and services through various delivery channels. The insurance & financial services segment includes three insurance agency offices that sell insurance products. The Company also operates Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia, which provides insurance brokerage services to individuals and businesses.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Mid-Atlantic Banks
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: SMMF
  • CUSIP:
Key Metrics:
  • Previous Close: $24.44
  • 50 Day Moving Average: $25.94
  • 200 Day Moving Average: $23.00
  • 52-Week Range: $12.11 - $30.06
  • Trailing P/E Ratio: 15.18
  • Foreward P/E Ratio: 14.81
  • P/E Growth: 2.48
  • Market Cap: $262.39M
  • Outstanding Shares: 10,736,000
  • Beta: 0.91
Profitability:
  • Net Margins: 22.85%
  • Return on Equity: 11.37%
  • Return on Assets: 1.08%
Debt:
  • Debt-to-Equity Ratio: 0.61%
  • Current Ratio: 0.92%
  • Quick Ratio: 0.92%
Additional Links:
Companies Related to Summit Financial Group:

Analyst Ratings

Consensus Ratings for Summit Financial Group (NASDAQ:SMMF) (?)
Ratings Breakdown: 1 Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $22.00 (9.98% downside)

Analysts' Ratings History for Summit Financial Group (NASDAQ:SMMF)
Show:
DateFirmActionRatingPrice TargetDetails
10/12/2016Sandler O'NeillInitiated CoverageBuy$22.00View Rating Details
(Data available from 2/22/2015 forward)

Earnings

Earnings History for Summit Financial Group (NASDAQ:SMMF)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/24/2017        
1/30/2017Q4 2016$0.39$0.44ViewN/AView Earnings Details
10/24/2016Q3$0.37$0.40ViewN/AView Earnings Details
4/25/2016Q1$0.38ViewN/AView Earnings Details
1/25/2016Q4$0.39ViewN/AView Earnings Details
10/26/2015Q3$0.34ViewN/AView Earnings Details
7/27/2015Q2$0.38ViewN/AView Earnings Details
4/27/2015Q115$0.41ViewN/AView Earnings Details
1/28/2015Q414$0.32ViewN/AView Earnings Details
7/30/2014Q213$0.25ViewN/AView Earnings Details
1/29/2014Q4$0.29ViewN/AView Earnings Details
10/30/2013Q313$0.27ViewN/AView Earnings Details
1/30/2013Q412$0.22ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Summit Financial Group (NASDAQ:SMMF)
Current Year EPS Consensus Estimate: $1.65 EPS
Next Year EPS Consensus Estimate: $1.65 EPS

Dividends

Current Dividend Information for Summit Financial Group (NASDAQ:SMMF)
Annual Dividend:$0.40
Dividend Yield:1.64%
Payout Ratio:24.69% (Based on Trailing 12 Months of Earnings)
24.24% (Based on Current Year Consensus EPS Estimate)
24.24% (Based on Next Year Consensus EPS Estimate)

Dividend History for Summit Financial Group (NASDAQ:SMMF)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/5/2016quarterly$0.101.38%12/13/201612/15/201612/30/2016
8/31/2016quarterly$0.102.06%9/13/20169/15/20169/30/2016
6/1/2016quarterly$0.102.31%6/13/20166/15/20166/30/2016
3/1/2016quarterly$0.102.99%3/11/20163/15/20163/31/2016
11/23/2015quarterly$0.082.74%12/11/201512/15/201512/31/2015
8/25/2015quarterly$0.082.71%9/11/20159/15/20159/30/2015
6/1/2015quarterly$0.082.85%6/11/20156/15/20156/30/2015
3/2/2015$0.083/12/20153/16/20153/31/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Summit Financial Group (NASDAQ:SMMF)
Insider Ownership Percentage: 22.82%
Institutional Ownership Percentage: 15.13%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/10/2017Duke A McdanielDirectorSell4,790$24.31$116,444.90View SEC Filing  
12/22/2016Georgette R GeorgeDirectorSell1,900$28.00$53,200.00View SEC Filing  
12/21/2016Duke A McdanielDirectorSell3,500$27.75$97,125.00View SEC Filing  
12/20/2016Dewey F BensenhaverDirectorSell1,000$28.00$28,000.00View SEC Filing  
12/19/2016Patrick FryeVPSell11,126$27.75$308,746.50View SEC Filing  
12/16/2016Patrick FryeVPSell5,863$27.99$164,105.37View SEC Filing  
12/9/2016H Charles Maddy IIICEOSell3,400$29.10$98,940.00View SEC Filing  
12/9/2016Julie R CookVPSell3,300$29.43$97,119.00View SEC Filing  
12/9/2016Robert S TissueCFOSell1,400$29.20$40,880.00View SEC Filing  
12/9/2016Scott C JenningsCOOSell3,000$29.26$87,780.00View SEC Filing  
12/8/2016Oscar M BeanChairmanSell3,274$28.60$93,636.40View SEC Filing  
12/8/2016Patrick FryeVPSell2,800$28.94$81,032.00View SEC Filing  
12/7/2016Robert S TissueCFOSell1,600$29.34$46,944.00View SEC Filing  
8/19/2016Gary L HinkleDirectorBuy3,500$19.49$68,215.00View SEC Filing  
8/15/2016Oscar M BeanChairmanSell5,000$20.13$100,650.00View SEC Filing  
8/1/2016Gary L HinkleDirectorBuy5,000$19.53$97,650.00View SEC Filing  
6/13/2016John W Crites IIDirectorBuy2,338$16.97$39,675.86View SEC Filing  
6/10/2016Jeffrey E HottDirectorSell3,700$17.01$62,937.00View SEC Filing  
6/8/2016Gary L HinkleDirectorBuy4,862$16.96$82,459.52View SEC Filing  
9/23/2015Jeffrey E HottDirectorSell2,085$11.50$23,977.50View SEC Filing  
9/2/2015Gary L HinkleDirectorBuy4,500$11.64$52,380.00View SEC Filing  
11/3/2014James M CookmanDirectorBuy1,000$11.90$11,900.00View SEC Filing  
10/31/2014Gary L HinkleDirectorBuy1,280$11.00$14,080.00View SEC Filing  
10/29/2014Jeffrey E HottDirectorSell5,000$10.50$52,500.00View SEC Filing  
9/15/2014Jeffrey E HottDirectorSell3,697$10.50$38,818.50View SEC Filing  
3/6/2014Jeffrey E HottDirectorSell5,329$10.50$55,954.50View SEC Filing  
2/7/2014Robert S TissueCFOBuy1,000$10.00$10,000.00View SEC Filing  
2/5/2014Gary L HinkleDirectorBuy2,000$10.00$20,000.00View SEC Filing  
12/3/2013Thomas J Hawse IIIDirectorBuy1,800$9.22$16,596.00View SEC Filing  
8/1/2013Scott C JenningsCOOSell3,200$8.40$26,880.00View SEC Filing  
6/25/2013Jeffrey E HottDirectorSell10,000$8.00$80,000.00View SEC Filing  
6/21/2013Jeffrey E HottDirectorSell10,000$7.95$79,500.00View SEC Filing  
5/14/2013Jeffrey E HottDirectorSell2,000$8.22$16,440.00View SEC Filing  
5/8/2013Thomas J Hawse IIIDirectorBuy1,000$8.49$8,490.00View SEC Filing  
12/10/2012Oscar M BeanChairmanBuy1,000$4.81$4,810.00View SEC Filing  
9/5/2012Jeffrey E HottDirectorSell5,000$4.15$20,750.00View SEC Filing  
8/29/2012Jeffrey E HottDirectorSell1,000$4.05$4,050.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Summit Financial Group (NASDAQ:SMMF)
DateHeadline
4-traders.com logoSUMMIT FINANCIAL : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K/A) (NASDAQ:SMMF)
www.4-traders.com - February 18 at 8:42 AM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K/A, Change in Directors or Principal Officers, Financial Statements and (NASDAQ:SMMF)
biz.yahoo.com - February 17 at 7:32 PM
News IconSADIF Analytics releases new summary due diligence report for Summit Financial Group Inc ($SMMF). (NASDAQ:SMMF)
reports.pr-inside.com - February 2 at 2:50 AM
capitalcube.com logoSummit Financial Group, Inc. (West Virginia) : SMMF-US: Dividend Analysis : December 15th, 2016 (record date) : By the numbers : January 31, 2017 (NASDAQ:SMMF)
www.capitalcube.com - February 1 at 5:20 AM
4-traders.com logoSummit Financial : posts 4Q profit (NASDAQ:SMMF)
www.4-traders.com - January 31 at 2:49 AM
us.rd.yahoo.com logoSummit Financial Group Reports Fourth Quarter and Full Year 2016 Results (NASDAQ:SMMF)
us.rd.yahoo.com - January 30 at 9:48 PM
sg.finance.yahoo.com logoSummit Financial posts 4Q profit (NASDAQ:SMMF)
sg.finance.yahoo.com - January 30 at 9:48 PM
4-traders.com logoSUMMIT FINANCIAL GROUP INC : Entry into a Material Definitive Agreement (form 8-K) (NASDAQ:SMMF)
www.4-traders.com - January 23 at 9:26 PM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Entry into a Material Definitive Agreement (NASDAQ:SMMF)
biz.yahoo.com - January 23 at 9:26 PM
seekingalpha.com logoThis Microcap Bank Merger Is Very Attractive For Smaller Investors (NASDAQ:SMMF)
seekingalpha.com - January 9 at 12:45 AM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:SMMF)
biz.yahoo.com - January 4 at 2:47 AM
marketexclusive.com logoInsider Trading Activity Summit Financial Group Inc. (NASDAQ:SMMF) – Director Sold 1,900 shares of Stock (NASDAQ:SMMF)
marketexclusive.com - December 25 at 7:09 PM
News IconDirector of Summit Financial Group (NASDAQ:SMMF), Bensenhaver Dewey F, sells 1,000 shares worth $28,000 (NASDAQ:SMMF)
empowerednews.net - December 22 at 2:17 AM
News IconSr. VP & Chief of Credit Admin of Summit Financial Group (NASDAQ:SMMF), Frye Patrick, sells 11,126 shares worth $308,747 (NASDAQ:SMMF)
empowerednews.net - December 20 at 8:29 PM
News IconSr. VP & Chief of Credit Admin of Summit Financial Group (NASDAQ:SMMF), Frye Patrick, sells 8,011 shares worth $235,281 (NASDAQ:SMMF)
empowerednews.net - December 13 at 12:57 AM
News IconPresident & CEO of Summit Financial Group (NASDAQ:SMMF), Maddy H Charles Iii, sells 2,400 shares worth $69,840 (NASDAQ:SMMF)
empowerednews.net - December 10 at 12:49 AM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Other Events (NASDAQ:SMMF)
biz.yahoo.com - December 8 at 8:43 PM
reuters.com logoBRIEF-First Century's shareholders approve acquisition by Summit (NASDAQ:SMMF)
www.reuters.com - December 8 at 8:24 AM
finance.yahoo.com logo11:36 am Summit Financial announces First Century shareholders approved of the previously announced acquisition; transaction is expected to close at the beginning of 2Q17 (NASDAQ:SMMF)
finance.yahoo.com - December 7 at 7:43 PM
finance.yahoo.com logoFirst Century’s Shareholders Approve Acquisition by Summit (NASDAQ:SMMF)
finance.yahoo.com - December 7 at 7:43 PM
capitalcube.com logoSummit Financial Group, Inc. (West Virginia): Leads amongst peers with strong fundamentals (NASDAQ:SMMF)
www.capitalcube.com - December 6 at 7:31 PM
capitalcube.com logoETFs with exposure to Summit Financial Group, Inc. (West Virginia) : December 2, 2016 (NASDAQ:SMMF)
www.capitalcube.com - December 2 at 7:31 PM
finance.yahoo.com logoSummit Financial Group, Inc. Announces Q4 2016 Dividend of $0.10 per Share (NASDAQ:SMMF)
finance.yahoo.com - December 2 at 7:31 PM
marketexclusive.com logoSummit Financial Group, Inc. (NASDAQ:SMMF) Files An 8-K Changes in Registrant’s Certifying Accountant (NASDAQ:SMMF)
marketexclusive.com - November 17 at 11:46 AM
4-traders.com logoSummit Financial : SMMF) Files An 8-K Changes in Registrant’s Certifying Accountant (NASDAQ:SMMF)
www.4-traders.com - November 16 at 7:49 PM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Financial Statements an (NASDAQ:SMMF)
biz.yahoo.com - November 15 at 8:08 PM
News IconSummit Reports Earnings Increase (NASDAQ:SMMF)
www.dnronline.com - October 29 at 10:18 AM
capitalcube.com logoETF’s with exposure to Summit Financial Group, Inc. (West Virginia) : October 28, 2016 (NASDAQ:SMMF)
www.capitalcube.com - October 28 at 7:08 PM
capitalcube.com logoSummit Financial Group, Inc. (West Virginia) :SMMF-US: Earnings Analysis: Q3, 2016 By the Numbers : October 25, 2016 (NASDAQ:SMMF)
www.capitalcube.com - October 25 at 12:37 PM
nasdaq.com logoSummit Financial Group Reports Third Quarter and First Nine Months 2016 Results (NASDAQ:SMMF)
www.nasdaq.com - October 24 at 7:02 PM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition (NASDAQ:SMMF)
biz.yahoo.com - October 24 at 7:02 PM
sg.finance.yahoo.com logoSummit Financial posts 3Q profit (NASDAQ:SMMF)
sg.finance.yahoo.com - October 24 at 12:36 PM
capitalcube.com logoSummit Financial Group, Inc. (West Virginia) : SMMF-US: Dividend Analysis : September 15th, 2016 (record date) : By the numbers : October 21, 2016 (NASDAQ:SMMF)
www.capitalcube.com - October 21 at 7:23 PM
finance.yahoo.com logoSummit Financial Group, Inc. Completes Its Acquisition of Highland County Bankshares, Inc. and Subsidiary, First and Citizens Bank (NASDAQ:SMMF)
finance.yahoo.com - October 3 at 11:59 AM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Change in Director (NASDAQ:SMMF)
biz.yahoo.com - October 3 at 11:59 AM
thestreet.com logoCash Dividend On The Way From Summit Financial Group (SMMF) (NASDAQ:SMMF)
www.thestreet.com - September 9 at 12:08 PM
finance.yahoo.com logoSummit Financial Group, Inc. Announces Q3 2016 Dividend of $0.10 per Share (NASDAQ:SMMF)
finance.yahoo.com - August 29 at 7:17 PM
News IconChairman of Summit Financial Group (NASDAQ:SMMF), Bean Oscar M, sells 5,000 shares worth $100,650 (NASDAQ:SMMF)
empowerednews.net - August 16 at 7:36 PM
finance.yahoo.com logoSUMMIT FINANCIAL GROUP INC Financials (NASDAQ:SMMF)
finance.yahoo.com - August 11 at 7:59 PM
forbes.com logoTuesday 8/2 Insider Buying Report: RCII, SMMF (NASDAQ:SMMF)
www.forbes.com - August 3 at 7:51 PM
capitalcube.com logoETF’s with exposure to Summit Financial Group, Inc. (West Virginia) : August 2, 2016 (NASDAQ:SMMF)
www.capitalcube.com - August 2 at 7:50 PM
4-traders.com logoRevenue Update on Summit Financial Group(NASDAQ:SMMF) (NASDAQ:SMMF)
www.4-traders.com - August 1 at 7:15 PM
capitalcube.com logoSummit Financial Group, Inc. (West Virginia) :SMMF-US: Earnings Analysis: Q2, 2016 By the Numbers : August 1, 2016 (NASDAQ:SMMF)
www.capitalcube.com - August 1 at 7:15 PM
News IconSummit Financial Earnings Edge Higher (NASDAQ:SMMF)
www.dnronline.com - August 1 at 12:07 PM
News IconInsurance watchdog group forms new company to certify home improvement providers (NASDAQ:SMMF)
www.sun-sentinel.com - July 27 at 7:52 PM
capitalcube.com logoSummit Financial Group, Inc. (West Virginia) :SMMF-US: Earnings Analysis: Q2, 2016 By the Numbers : July 27, 2016 (NASDAQ:SMMF)
www.capitalcube.com - July 27 at 2:53 PM
nasdaq.com logoSummit Financial Group Reports Second Quarter and First Half 2016 Results (NASDAQ:SMMF)
www.nasdaq.com - July 25 at 7:39 PM
finance.yahoo.com logoUPDATE -- Summit Financial Group Reports Second Quarter and First Half 2016 Results (NASDAQ:SMMF)
finance.yahoo.com - July 25 at 9:10 AM
News IconCetera Financial Group's Parent Company Completes Board with Addition of Industry Leading Executives (NASDAQ:SMMF)
www.itbusinessnet.com - June 16 at 7:41 PM
News IconDowntown group hits financial wall (NASDAQ:SMMF)
lockhaven.com - June 16 at 11:49 AM

Social

What is Summit Financial Group's stock symbol?

Summit Financial Group trades on the NASDAQ under the ticker symbol "SMMF."

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

Summit Financial Group announced a quarterly dividend on Monday, December 5th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.10 per share on Friday, December 30th. This represents a $0.40 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, December 13th.

Where is Summit Financial Group's stock going? Where will Summit Financial Group's stock price be in 2017?

1 analysts have issued 12-month price targets for Summit Financial Group's stock. Their forecasts range from $22.00 to $22.00. On average, they anticipate Summit Financial Group's share price to reach $22.00 in the next year.

When will Summit Financial Group announce their earnings?

Summit Financial Group is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.

How do I buy Summit Financial Group stock?

Shares of Summit Financial Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Summit Financial Group stock cost?

One share of Summit Financial Group stock can currently be purchased for approximately $24.44.

Summit Financial Group (NASDAQ:SMMF) Chart for Wednesday, February, 22, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Summit Financial Group (NASDAQ:SMMF)

Earnings History Chart

Earnings by Quarter for Summit Financial Group (NASDAQ:SMMF)

Dividend History Chart

Dividend Payments by Quarter for Summit Financial Group (NASDAQ:SMMF)

Last Updated on 2/22/2017 by MarketBeat.com Staff