About Summit Financial Group (NASDAQ:SMMF)
Summit 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: Commercial Banks
- Sub-Industry: N/A
- Symbol: NASDAQ:SMMF
- CUSIP: N/A
- Web: www.summitfgi.com
- Market Cap: $318.11 million
- Outstanding Shares: 12,426,000
- 50 Day Moving Avg: $25.29
- 200 Day Moving Avg: $22.70
- 52 Week Range: $19.09 - $30.06
Sales & Book Value:
- Trailing P/E Ratio: 23.67
- Foreward P/E Ratio: 12.74
- P/E Growth: 1.46
- Annual Revenue: $68.71 million
- Price / Sales: 4.63
- Book Value: $15.70 per share
- Price / Book: 1.63
- Annual Dividend: $0.44
- Dividend Yield: 1.6%
- Net Margins: 14.74%
- Return on Equity: 11.57%
- Return on Assets: 1.04%
- Debt-to-Equity Ratio: 0.34%
- Current Ratio: 0.88%
- Quick Ratio: 0.88%
- Average Volume: 27,549 shs.
- Beta: 1
- Short Ratio: 4.52
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 declared a quarterly dividend on Friday, August 25th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.11 per share on Saturday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 14th. 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 Monday, January, 30th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The business earned $16.46 million during the quarter. Summit Financial Group had a return on equity of 11.57% and a net margin of 14.74%. View Summit Financial Group's Earnings History.
Where is Summit Financial Group's stock going? Where will Summit Financial Group's stock price be in 2017?
2 equities research analysts have issued twelve-month price targets for Summit Financial Group's stock. Their predictions range from $26.00 to $27.00. On average, they anticipate Summit Financial Group's share price to reach $26.50 in the next year. View Analyst Ratings for Summit Financial Group.
Who are some of Summit Financial Group's key competitors?
Some companies that are related to Summit Financial Group include QCR Holdings (QCRH), Pacific Continental Corporation (Ore) (PCBK), Byline Bancorp (BY), Mercantile Bank Corp. (MBWM), Peapack-Gladstone Financial Corporation (PGC), National Commerce Corporation (NCOM), Triumph Bancorp (TBK), Heritage Commerce Corp (HTBK), Republic First Bancorp (FRBK), First Mid-Illinois Bancshares (FMBH), First Community Bancshares (FCBC), Bank Mutual Corporation (BKMU), Sun Bancorp (SNBC), WashingtonFirst Bankshares (WFBI), Financial Institutions (FISI), MidWestOne Financial Group (MOFG), Bank of Marin Bancorp (BMRC) and Old Second Bancorp (OSBC).
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
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?
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 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.
One share of Summit Financial Group stock can currently be purchased for approximately $25.60.
Consensus Ratings for Summit Financial Group (NASDAQ:SMMF) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$26.50 (3.52% upside)|Consensus Price Target History for Summit Financial Group (NASDAQ:SMMF)
Analysts' Ratings History for Summit Financial Group (NASDAQ:SMMF)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/25/2017||Sandler O'Neill||Downgrade||Buy -> Hold||$25.00 -> $26.00||Low|
|3/6/2017||DA Davidson||Initiated Coverage||Neutral||$27.00||N/A|
Earnings History for Summit Financial Group (NASDAQ:SMMF)Earnings History by Quarter for Summit Financial Group (NASDAQ SMMF)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/30/2017||Q4 2016||$0.39||$0.44||$16.46 million||View||N/A|
Earnings Estimates for Summit Financial Group (NASDAQ:SMMF)
2017 EPS Consensus Estimate: $1.73
2018 EPS Consensus Estimate: $1.90
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Summit Financial Group (NASDAQ:SMMF)
|Most Recent Dividend:||9/30/2017|
|Payout Ratio:||39.29% (Trailing 12 Months of Earnings) |
23.66% (Based on This Year's Estimates)
21.89% (Based on Next Year's Estimates)
Dividend History by Quarter for Summit Financial Group (NASDAQ SMMF)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Summit Financial Group (NASDAQ:SMMF)
Insider Ownership Percentage: 22.82%Insider Trades by Quarter for Summit Financial Group (NASDAQ:SMMF)
Institutional Ownership Percentage: 20.73%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/20/2017||Duke A Mcdaniel||Director||Sell||3,125||$24.32||$76,000.00|| |
|8/3/2017||Gary L Hinkle||Director||Buy||5,000||$21.98||$109,900.00|| |
|8/1/2017||Gary L Hinkle||Director||Buy||10,000||$21.78||$217,800.00|| |
|6/23/2017||Charles Piccirillo||Director||Buy||1,407||$21.69||$30,517.83|| |
|6/15/2017||Thomas J Hawse III||Director||Sell||3,000||$22.00||$66,000.00|| |
|3/23/2017||Gary L Hinkle||Director||Buy||7,884||$19.85||$156,497.40|| |
|3/10/2017||Gary L Hinkle||Director||Buy||6,888||$21.32||$146,852.16|| |
|2/10/2017||Duke A Mcdaniel||Director||Sell||4,790||$24.31||$116,444.90|| |
|12/22/2016||Georgette R George||Director||Sell||1,900||$28.00||$53,200.00|| |
|12/21/2016||Duke A Mcdaniel||Director||Sell||3,500||$27.75||$97,125.00|| |
|12/20/2016||Dewey F Bensenhaver||Director||Sell||1,000||$28.00||$28,000.00|| |
|12/19/2016||Patrick Frye||VP||Sell||11,126||$27.75||$308,746.50|| |
|12/16/2016||Patrick Frye||VP||Sell||5,863||$27.99||$164,105.37|| |
|12/9/2016||H Charles Maddy III||CEO||Sell||3,400||$29.10||$98,940.00|| |
|12/9/2016||Julie R Cook||VP||Sell||3,300||$29.43||$97,119.00|| |
|12/9/2016||Robert S Tissue||CFO||Sell||1,400||$29.20||$40,880.00|| |
|12/9/2016||Scott C Jennings||COO||Sell||3,000||$29.26||$87,780.00|| |
|12/8/2016||Oscar M Bean||Chairman||Sell||3,274||$28.60||$93,636.40|| |
|12/8/2016||Patrick Frye||VP||Sell||2,800||$28.94||$81,032.00|| |
|12/7/2016||Robert S Tissue||CFO||Sell||1,600||$29.34||$46,944.00|| |
|8/19/2016||Gary L Hinkle||Director||Buy||3,500||$19.49||$68,215.00|| |
|8/15/2016||Oscar M Bean||Chairman||Sell||5,000||$20.13||$100,650.00|| |
|8/1/2016||Gary L Hinkle||Director||Buy||5,000||$19.53||$97,650.00|| |
|6/13/2016||John W Crites II||Director||Buy||2,338||$16.97||$39,675.86|| |
|6/10/2016||Jeffrey E Hott||Director||Sell||3,700||$17.01||$62,937.00|| |
|6/8/2016||Gary L Hinkle||Director||Buy||4,862||$16.96||$82,459.52|| |
|9/23/2015||Jeffrey E Hott||Director||Sell||2,085||$11.50||$23,977.50|| |
|9/2/2015||Gary L Hinkle||Director||Buy||4,500||$11.64||$52,380.00|| |
|11/3/2014||James M Cookman||Director||Buy||1,000||$11.90||$11,900.00|| |
|10/31/2014||Gary L Hinkle||Director||Buy||1,280||$11.00||$14,080.00|| |
|10/29/2014||Jeffrey E Hott||Director||Sell||5,000||$10.50||$52,500.00|| |
|9/15/2014||Jeffrey E Hott||Director||Sell||3,697||$10.50||$38,818.50|| |
|3/6/2014||Jeffrey E Hott||Director||Sell||5,329||$10.50||$55,954.50|| |
|2/7/2014||Robert S Tissue||CFO||Buy||1,000||$10.00||$10,000.00|| |
|2/5/2014||Gary L Hinkle||Director||Buy||2,000||$10.00||$20,000.00|| |
|12/3/2013||Thomas J Hawse III||Director||Buy||1,800||$9.22||$16,596.00|| |
|8/1/2013||Scott C Jennings||COO||Sell||3,200||$8.40||$26,880.00|| |
|6/25/2013||Jeffrey E Hott||Director||Sell||10,000||$8.00||$80,000.00|| |
|6/21/2013||Jeffrey E Hott||Director||Sell||10,000||$7.95||$79,500.00|| |
|5/14/2013||Jeffrey E Hott||Director||Sell||2,000||$8.22||$16,440.00|| |
|5/8/2013||Thomas J Hawse III||Director||Buy||1,000||$8.49||$8,490.00|| |
|12/10/2012||Oscar M Bean||Chairman||Buy||1,000||$4.81||$4,810.00|| |
|9/5/2012||Jeffrey E Hott||Director||Sell||5,000||$4.15||$20,750.00|| |
|8/29/2012||Jeffrey E Hott||Director||Sell||1,000||$4.05||$4,050.00|| |
Headline Trends for Summit Financial Group (NASDAQ:SMMF)
Latest Headlines for Summit Financial Group (NASDAQ:SMMF)
Loading headlines, please wait.
Summit Financial Group (SMMF) Chart for Tuesday, October, 24, 2017