Summit Financial Group (SMMF) Stock Forecast, Price & News

1 Wall Street equities 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 equities 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.

1 equities research analysts have issued 12-month target prices for Summit Financial Group's shares. Their SMMF share price forecasts range from $31.00 to $31.00. On average, they anticipate the company's share price to reach $31.00 in the next twelve months. This suggests a possible upside of 53.1% from the stock's current price.
View analysts price targets for SMMF or view top-rated stocks among Wall Street analysts.

Summit Financial Group's stock was trading at $24.89 at the beginning of 2023. Since then, SMMF stock has decreased by 18.6% and is now trading at $20.25.
View the best growth stocks for 2023 here.

Summit Financial Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 71,800 shares, an increase of 19.9% from the April 30th total of 59,900 shares. Based on an average daily volume of 22,500 shares, the short-interest ratio is currently 3.2 days. Approximately 0.6% of the company's shares are short sold.
View Summit Financial Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our SMMF earnings forecast.

Summit Financial Group, Inc. (NASDAQ:SMMF) issued its quarterly earnings results on Thursday, October, 28th. The bank reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. The bank earned $32.60 million during the quarter, compared to analyst estimates of $32.80 million. Summit Financial Group had a trailing twelve-month return on equity of 16.60% and a net margin of 28.63%.

Summit Financial Group declared a quarterly dividend on Thursday, May 25th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.20 per share on Friday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for SMMF.

ETFs with the largest weight of Summit Financial Group (NASDAQ:SMMF) stock in their portfolio include Janus Henderson Small Cap Growth Alpha ETF (JSML),

Summit Financial Group (NASDAQ:SMMF) pays an annual dividend of $0.80 per share and currently has a dividend yield of 4.20%. SMMF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 18.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMMF will have a dividend payout ratio of 19.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMMF.

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.

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).

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

Summit Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.78%), Dimensional Fund Advisors LP (2.69%), Summit Financial Group Inc. (1.91%), Renaissance Technologies LLC (1.66%), State Street Corp (1.44%) and Geode Capital Management LLC (1.41%). 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.

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.
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One share of SMMF stock can currently be purchased for approximately $20.25.

Summit Financial Group (NASDAQ:SMMF) has a market capitalization of $297.05 million and generates $148.71 million in revenue each year. The bank earns $53.22 million in net income (profit) each year or $4.27 on an earnings per share basis.

The company employs 439 workers across the globe.

Summit Financial Group's mailing address is 300 NORTH MAIN ST, MOOREFIELD WV, 26836. The official website for the company is www.summitfgi.com. The bank can be reached via phone at (304) 530-1000, via email at tely@summitfgi.com, or via fax at 304-538-7053.