Summit Financial Group Company Profile (NASDAQ:SMMF)

About Summit Financial Group (NASDAQ:SMMF)

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
  • Symbol: NASDAQ:SMMF
  • CUSIP: N/A
  • Web: www.summitfgi.com
Capitalization:
  • Market Cap: $268.88 million
  • Outstanding Shares: 12,425,000
Average Prices:
  • 50 Day Moving Avg: $22.02
  • 200 Day Moving Avg: $24.02
  • 52 Week Range: $14.91 - $30.06
P/E:
  • Trailing P/E Ratio: 20.04
  • Foreward P/E Ratio: 10.98
  • P/E Growth: 1.23
Sales & Book Value:
  • Annual Revenue: $61.73 million
  • Price / Sales: 4.36
  • Book Value: $14.29 per share
  • Price / Book: 1.51
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 2.0%
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%
Misc:
  • Average Volume: 16,223 shs.
  • Beta: 0.91
  • Short Ratio: 18.14
 

Frequently Asked Questions for Summit Financial Group (NASDAQ:SMMF)

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, February 27th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.11 per share on Friday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Monday, March 13th. This is a positive change from Summit Financial Group's previous quarterly dividend of $0.10. View Summit Financial Group's Dividend History.

How were Summit Financial Group's earnings last quarter?

Summit Financial Group, Inc. (NASDAQ:SMMF) posted its quarterly earnings data on Monday, January, 30th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $16.46 million for the quarter. Summit Financial Group had a return on equity of 11.37% and a net margin of 22.85%. View Summit Financial Group's Earnings History.

When will Summit Financial Group make its next earnings announcement?

Summit Financial Group is scheduled to release their next quarterly earnings announcement on Monday, July, 24th 2017. View Earnings Estimates for Summit Financial Group.

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

2 analysts have issued 1-year target prices for Summit Financial Group's stock. Their forecasts range from $22.00 to $27.00. On average, they anticipate Summit Financial Group's share price to reach $24.50 in the next twelve months. View Analyst Ratings for Summit Financial Group.

Who are some of Summit Financial Group's key competitors?

Who are Summit Financial Group's key executives?

Summit Financial Group's management team includes the folowing people:

  • Oscar M. Bean, Independent Chairman of the Board
  • H. Charles Maddy III, President, Chief Executive Officer, Director; Chief Executive Officer of the Bank
  • Robert S. Tissue, Chief Financial Officer, Senior Vice President
  • Scott C. Jennings, Chief Operating Officer, Senior Vice President
  • Patrick N. Frye, Senior Vice President, Chief of Credit Administration
  • Bradford E. Ritchie, Senior Vice President; President of Summit Community Bank
  • Phoebe F. Heishman, Secretary, Independent Director
  • Kyle E. Almond, Director
  • John B. Gianola, Director
  • John H. Shott, Director

Who owns Summit Financial Group stock?

Summit Financial Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Public Employees Retirement System of Ohio (0.13%). Company insiders that own Summit Financial Group stock include Dewey F Bensenhaver, Duke A Mcdaniel, Gary L Hinkle, Georgette R George, H Charles Maddy III, Jeffrey E Hott, John W Crites II, Julie R Cook, Oscar M Bean, Patrick Frye, Robert S Tissue and Scott C Jennings. View Institutional Ownership Trends for Summit Financial Group.

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.

What is Summit Financial Group's stock price today?

One share of Summit Financial Group stock can currently be purchased for approximately $21.64.


MarketBeat Community Rating for Summit Financial Group (NASDAQ SMMF)
Community Ranking:  3.0 out of 5 (  )
Outperform Votes:  9 (Vote Outperform)
Underperform Votes:  6 (Vote Underperform)
Total Votes:  15
MarketBeat's community ratings are surveys of what our community members think about Summit Financial Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Summit Financial Group (NASDAQ:SMMF) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $24.50 (13.22% upside)

Analysts' Ratings History for Summit Financial Group (NASDAQ:SMMF)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/6/2017DA DavidsonInitiated CoverageNeutral$27.00N/AView Rating Details
10/12/2016Sandler O'NeillInitiated CoverageBuy$22.00N/AView Rating Details
(Data available from 5/29/2015 forward)

Earnings

Earnings History for Summit Financial Group (NASDAQ:SMMF)
Earnings by Quarter for Summit Financial Group (NASDAQ:SMMF)
Earnings History by Quarter for Summit Financial Group (NASDAQ:SMMF)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/24/2017        
1/30/2017Q4 2016$0.39$0.44$16.46 millionViewN/AView Earnings Details
10/24/2016Q3$0.37$0.40$14.79 millionViewN/AView Earnings Details
4/25/2016Q1$0.38$14.59 millionViewN/AView Earnings Details
1/25/2016Q4$0.39$14.60 millionViewN/AView Earnings Details
10/26/2015Q3$0.34$14.30 millionViewN/AView Earnings Details
7/27/2015Q2$0.38$14.32 millionViewN/AView Earnings Details
4/27/2015Q115$0.41$14.66 millionViewN/AView Earnings Details
1/28/2015Q414$0.32$13.77 millionViewN/AView Earnings Details
7/30/2014Q213$0.25$13.03 millionViewN/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)
2017 EPS Consensus Estimate: $1.76
2018 EPS Consensus Estimate: $1.91
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.40$0.40$0.40
Q2 20171$0.38$0.38$0.38
Q3 20171$0.47$0.47$0.47
Q4 20171$0.51$0.51$0.51
Q1 20181$0.47$0.47$0.47
Q2 20181$0.46$0.46$0.46
Q3 20181$0.49$0.49$0.49
Q4 20181$0.49$0.49$0.49
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Summit Financial Group (NASDAQ:SMMF)
Most Recent Dividend:3/31/2017
Annual Dividend:$0.40
Dividend Yield:1.85%
Payout Ratio:24.69% (Trailing 12 Months of Earnings)
22.60% (Based on This Year's Estimates)
20.30% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Summit Financial Group (NASDAQ:SMMF)

Dividend History by Quarter for Summit Financial Group (NASDAQ:SMMF)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/27/2017quarterly$0.111.81%3/13/20173/15/20173/31/2017
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 and Institutional Ownership History for Summit Financial Group (NASDAQ:SMMF)
Insider Ownership Percentage: 22.82%
Institutional Ownership Percentage: 15.13%
Insider Trades by Quarter for Summit Financial Group (NASDAQ:SMMF)
Insider Trades by Quarter for Summit Financial Group (NASDAQ:SMMF)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/23/2017Gary L HinkleDirectorBuy7,884$19.85$156,497.40View SEC Filing  
3/10/2017Gary L HinkleDirectorBuy6,888$21.32$146,852.16View SEC Filing  
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

Headline Trends for Summit Financial Group (NASDAQ:SMMF)
Latest Headlines for Summit Financial Group (NASDAQ:SMMF)
Source:
DateHeadline
americanbankingnews.com logoSummit Financial Group, Inc. (SMMF) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - May 24 at 8:20 PM
americanbankingnews.com logoSummit Financial Group, Inc. (SMMF) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - May 23 at 8:07 AM
finance.yahoo.com logoPresentation to 2017 Annual Meeting of Shareholders
finance.yahoo.com - May 19 at 10:00 AM
finance.yahoo.com logoSummit to Participate in the D.A. Davidson 19th Annual Financial Institutions Conference
finance.yahoo.com - May 9 at 7:25 PM
americanbankingnews.com logoSummit Financial Group, Inc. (SMMF) Lifted to "Buy" at Zacks Investment Research
www.americanbankingnews.com - May 9 at 11:00 AM
americanbankingnews.com logoSummit Financial Group (SMMF) Receives Daily News Impact Rating of 0.44
www.americanbankingnews.com - May 2 at 9:48 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for Summit Financial Group, Inc. Lifted by DA Davidson (SMMF)
www.americanbankingnews.com - May 1 at 7:35 AM
americanbankingnews.com logoPositive News Coverage Extremely Likely to Impact Summit Financial Group (SMMF) Stock Price
www.americanbankingnews.com - April 28 at 1:17 PM
reuters.com logoBRIEF-Summit Financial Group posts Q1 loss per share $0.15
www.reuters.com - April 27 at 3:22 PM
finance.yahoo.com logoSummit Financial reports 1Q loss
finance.yahoo.com - April 27 at 3:22 PM
reuters.com logoBRIEF-Summit Financial Group says announces resolution of litigation
www.reuters.com - April 24 at 6:19 PM
feeds.benzinga.com logoSummit Financial Group, Inc. Announces Resolution of Litigation
feeds.benzinga.com - April 24 at 4:55 PM
americanbankingnews.com logoSummit Financial Group (SMMF) Given Daily Media Impact Rating of 0.32
www.americanbankingnews.com - April 24 at 3:32 PM
americanbankingnews.com logoSummit Financial Group (SMMF) Getting Positive Media Coverage, Study Finds
www.americanbankingnews.com - April 20 at 9:24 PM
americanbankingnews.com logoSummit Financial Group (SMMF) Given News Sentiment Rating of 0.44
www.americanbankingnews.com - April 17 at 1:26 PM
americanbankingnews.com logoSummit Financial Group (SMMF) Given News Impact Rating of 0.44
www.americanbankingnews.com - April 13 at 3:26 PM
finance.yahoo.com logoETFs with exposure to Summit Financial Group, Inc. (West Virginia) : April 11, 2017
finance.yahoo.com - April 11 at 7:38 PM
finance.yahoo.com logoSummit Financial Group, Inc. (West Virginia) : SMMF-US: Dividend Analysis : March 15th, 2017 (record date) : By the numbers : April 5, 2017
finance.yahoo.com - April 7 at 12:38 PM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Completion of Acquisition or Disposition of Assets
biz.yahoo.com - April 3 at 7:34 PM
feeds.benzinga.com logoSummit Financial Group, Inc. Completes its Acquisition of First Century Bankshares, Inc. and Subsidiary, First Century Bank
feeds.benzinga.com - April 3 at 7:50 AM
streetinsider.com logoForm 4 SUMMIT FINANCIAL GROUP For: Feb 09 Filed by: JENNINGS SCOTT C
www.streetinsider.com - March 25 at 12:46 AM
americanbankingnews.com logoSummit Financial Group, Inc. (SMMF) Director Gary L. Hinkle Purchases 7,884 Shares
www.americanbankingnews.com - March 23 at 7:52 PM
bizjournals.com logoAccuFund Announces 1st National User Conference: The AccuFund Summit for Nonprofits & Government
www.bizjournals.com - March 14 at 9:25 AM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 10-K, Annual Report
biz.yahoo.com - February 28 at 7:29 PM
streetinsider.com logoSummit Financial Group (SMMF) Raises Quarterly Dividend 10% to $0.11; 1.8% Yield
www.streetinsider.com - February 25 at 3:24 AM
reuters.com logoBRIEF-Summit Financial Group announces 10 pct increase in quarterly dividend
www.reuters.com - February 25 at 3:24 AM
us.rd.yahoo.com logo4:01 pm Summit Financial increases quarterly dividend to $0.11/share from $0.10/share
us.rd.yahoo.com - February 24 at 10:23 PM
feeds.benzinga.com logoSummit Financial Group, Inc. Announces 10% Increase in Quarterly Dividend to $0.11 Per Share
feeds.benzinga.com - February 24 at 4:20 PM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K/A, Change in Directors or Principal Officers, Financial Statements and
biz.yahoo.com - February 17 at 7:32 PM
us.rd.yahoo.com logoSummit Financial Group Reports Fourth Quarter and Full Year 2016 Results
us.rd.yahoo.com - January 30 at 9:48 PM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Entry into a Material Definitive Agreement
biz.yahoo.com - January 23 at 9:26 PM
seekingalpha.com logoThis Microcap Bank Merger Is Very Attractive For Smaller Investors
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
biz.yahoo.com - January 4 at 2:47 AM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Other Events
biz.yahoo.com - December 8 at 8:43 PM
reuters.com logoBRIEF-First Century's shareholders approve acquisition by Summit
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
finance.yahoo.com - December 7 at 7:43 PM
finance.yahoo.com logoFirst Century’s Shareholders Approve Acquisition by Summit
finance.yahoo.com - December 7 at 7:43 PM
finance.yahoo.com logoSummit Financial Group, Inc. Announces Q4 2016 Dividend of $0.10 per Share
finance.yahoo.com - December 2 at 7:31 PM
biz.yahoo.com logoSUMMIT FINANCIAL GROUP INC Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Financial Statements an
biz.yahoo.com - November 15 at 8:08 PM
nasdaq.com logoSummit Financial Group Reports Third Quarter and First Nine Months 2016 Results
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
biz.yahoo.com - October 24 at 7:02 PM
finance.yahoo.com logoSummit Financial Group, Inc. Completes Its Acquisition of Highland County Bankshares, Inc. and Subsidiary, First and Citizens Bank
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
biz.yahoo.com - October 3 at 11:59 AM
thestreet.com logoCash Dividend On The Way From Summit Financial Group (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
finance.yahoo.com - August 29 at 7:17 PM
finance.yahoo.com logoSUMMIT FINANCIAL GROUP INC Financials
finance.yahoo.com - August 11 at 7:59 PM
forbes.com logoTuesday 8/2 Insider Buying Report: RCII, SMMF
www.forbes.com - August 3 at 7:51 PM

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Summit Financial Group (SMMF) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by MarketBeat.com Staff