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 and South Central regions of West Virginia and the Shenandoah Valley, and Southwestern regions of Virginia. The company operates through three segments: Community Banking, Trust and Wealth Management, and Insurance. 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, and cash management services. The company also offers insurance brokerage services, such as corporate and personal property and casualty insurance products, as well as group health and life insurance products, and consulting services. It operates thirty banking locations. Summit Financial Group, Inc. was founded in 1987 and is headquartered in Moorefield, West Virginia.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone304-530-1000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$98.95 million
Profitability
Miscellaneous
Employees349
OptionableNot Optionable
Summit Financial Group (NASDAQ:SMMF) Frequently Asked Questions
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 declared a quarterly dividend on Monday, December 3rd. Stockholders of record on Friday, December 14th will be given a dividend of $0.14 per share on Monday, December 31st. This represents a $0.56 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Summit Financial Group's previous quarterly dividend of $0.13. View Summit Financial Group's Dividend History.
How were Summit Financial Group's earnings last quarter?
Summit Financial Group, Inc. (NASDAQ:SMMF) announced its quarterly earnings results on Thursday, October, 25th. The bank reported $0.55 EPS for the quarter, meeting the Zacks' consensus estimate of $0.55. The bank had revenue of $21.42 million for the quarter, compared to the consensus estimate of $22.48 million. Summit Financial Group had a net margin of 20.89% and a return on equity of 12.73%. View Summit Financial Group's Earnings History.
When is Summit Financial Group's next earnings date?
Has Summit Financial Group been receiving favorable news coverage?
Media stories about SMMF stock have trended somewhat positive on Wednesday, according to InfoTrie. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Summit Financial Group earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
Who are some of Summit Financial Group's key competitors?
Some companies that are related to Summit Financial Group include Boston Private Financial (BPFH), Enterprise Financial Services (EFSC), OFG Bancorp (OFG), Washington Trust Bancorp (WASH), Origin Bancorp (OBNK), First National Bank Alaska (FBAK), Triumph Bancorp (TBK), Republic Bancorp, Inc. KY (RBCAA), State Bank Financial (STBZ), Allegiance Bancshares (ABTX), Fidelity Southern (LION), German American Bancorp. (GABC), Stock Yards Bancorp (SYBT), Central Pacific Financial (CPF) and Bryn Mawr Bank (BMTC).
Who are Summit Financial Group's key executives?
Summit Financial Group's management team includes the folowing people:
- Mr. H. Charles Maddy III, Vice Chairman, Pres & CEO (Age 56)
- Mr. Robert S. Tissue, Sr. VP & CFO (Age 56)
- Mr. Scott C. Jennings, Sr. VP & COO (Age 58)
- Mr. Bradford E. Ritchie, Sr. VP (Age 51)
- Mr. Patrick N. Frye, Sr. VP & Chief of Credit Admin. (Age 60)
Who are Summit Financial Group's major shareholders?
Summit Financial Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Summit Financial Group Inc. (1.24%). Company insiders that own Summit Financial Group stock include Charles Piccirillo, Dewey F Bensenhaver, Duke A Mcdaniel, Gary L Hinkle, Gerald W Huffman, H Charles Maddy III, Julie R Cook, Oscar M Bean, Patrick Frye, Robert S Tissue, Scott C Jennings and Thomas J Hawse III. View Institutional Ownership Trends for Summit Financial Group.
Which major investors are selling Summit Financial Group stock?
SMMF stock was sold by a variety of institutional investors in the last quarter, including Summit Financial Group Inc.. Company insiders that have sold Summit Financial Group company stock in the last year include Duke A Mcdaniel and Scott C Jennings. View Insider Buying and Selling for Summit Financial Group.
How do I buy shares of Summit Financial Group?
Shares of SMMF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market 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 SMMF stock can currently be purchased for approximately $20.70.
How big of a company is Summit Financial Group?
Summit Financial Group has a market capitalization of $258.21 million and generates $98.95 million in revenue each year. The bank earns $11.91 million in net income (profit) each year or $1.89 on an earnings per share basis. Summit Financial Group employs 349 workers across the globe.
What is Summit Financial Group's official website?
How can I contact Summit Financial Group?
Summit Financial Group's mailing address is 300 NORTH MAIN ST, MOOREFIELD WV, 26836. The bank can be reached via phone at 304-530-1000 or via email at [email protected]
MarketBeat Community Rating for Summit Financial Group (NASDAQ SMMF)
MarketBeat's community ratings are surveys of what our community members think about Summit Financial Group and other stocks. Vote "Outperform" if you believe SMMF will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SMMF will underperform the S&P 500 over the long term. You may vote once every thirty days.
