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
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:SMMF
CUSIPN/A
Phone304-530-1000
Debt
Debt-to-Equity Ratio0.19
Current Ratio0.91
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio11.81
Forward P/E Ratio10.15
P/E Growth1.32
Sales & Book Value
Annual Sales$98.95 million
Price / Sales2.81
Cash Flow$2.2568 per share
Price / Cash9.89
Book Value$16.30 per share
Price / Book1.37
Profitability
EPS (Most Recent Fiscal Year)$1.89
Net Income$11.91 million
Net Margins20.37%
Return on Equity12.48%
Return on Assets1.20%
Miscellaneous
Employees349
Outstanding Shares12,470,000
Market Cap$289.47 million
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 Tuesday, August 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.13 per share on Friday, September 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, September 13th. 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, July, 26th. The bank reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by $0.03. The bank had revenue of $21.42 million for the quarter, compared to the consensus estimate of $22.37 million. Summit Financial Group had a net margin of 20.37% and a return on equity of 12.48%. View Summit Financial Group's Earnings History.
When is Summit Financial Group's next earnings date?
Who are some of Summit Financial Group's key competitors?
Some companies that are related to Summit Financial Group include Boston Private Financial (BPFH), Live Oak Bancshares (LOB), MainSource Financial Group (MSFG), Triumph Bancorp (TBK), Republic Bancorp, Inc. KY (RBCAA), Washington Trust Bancorp (WASH), Bryn Mawr Bank (BMTC), Origin Bancorp (OBNK), Guaranty Bancorp (GBNK), Lakeland Bancorp (LBAI), Carolina Financial (CARO), First National Bank Alaska (FBAK), Stock Yards Bancorp (SYBT), Byline Bancorp (BY) and Community Trust Bancorp (CTBI).
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 55)
- Mr. Robert S. Tissue, Sr. VP & CFO (Age 55)
- Mr. Scott C. Jennings, Sr. VP & COO (Age 57)
- Mr. Bradford E. Ritchie, Sr. VP (Age 50)
- Mr. Patrick N. Frye, Sr. VP & Chief of Credit Admin. (Age 59)
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 $22.32.
How big of a company is Summit Financial Group?
Summit Financial Group has a market capitalization of $289.47 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.
