Summit Financial Group Stock Price, News & Analysis (NASDAQ:SMMF) $26.00 +0.11 (+0.42%) (As of 10:07 AM ET) Add Compare Share Share Today's Range$25.69▼$26.0050-Day Range$21.00▼$25.8952-Week Range$17.06▼$27.75Volume3,359 shsAverage Volume29,480 shsMarket Capitalization$381.55 millionP/E Ratio6.72Dividend Yield3.38%Price Target$27.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Summit Financial Group MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.1% Upside$27.00 Price TargetShort InterestHealthy0.26% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.96Based on 2 Articles This WeekInsider TradingAcquiring Shares$84,041 Bought Last QuarterProj. Earnings Growth2.19%From $4.11 to $4.20 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.49 out of 5 starsFinance Sector176th out of 693 stocksState Commercial Banks Industry26th out of 139 stocks 1.0 Analyst's Opinion Consensus RatingSummit Financial Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $27.00, Summit Financial Group has a forecasted upside of 5.1% from its current price of $25.69.Amount of Analyst CoverageSummit Financial Group has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.26% of the float of Summit Financial Group has been sold short.Short Interest Ratio / Days to CoverSummit Financial Group has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Summit Financial Group has recently decreased by 56.40%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipSummit Financial Group is a leading dividend payer. It pays a dividend yield of 3.52%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSummit Financial Group has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of Summit Financial Group is 22.74%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Summit Financial Group will have a dividend payout ratio of 20.95% next year. This indicates that Summit Financial Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SMMF. Previous Next 2.8 News and Social Media Coverage News SentimentSummit Financial Group has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Summit Financial Group this week, compared to 1 article on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Financial Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $84,041.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders12.88% of the stock of Summit Financial Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 28.35% of the stock of Summit Financial Group is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Summit Financial Group are expected to grow by 2.19% in the coming year, from $4.11 to $4.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Financial Group is 6.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Financial Group is 6.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.06.Price to Book Value per Share RatioSummit Financial Group has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Summit Financial Group Stock (NASDAQ:SMMF)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, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia, and the Central region of Kentucky. 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, cash management, and insurance services. The company was incorporated in 1987 and is headquartered in Moorefield, West Virginia.Read More SMMF Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SMMF Stock News HeadlinesDecember 6, 2023 | finance.yahoo.comBurke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Receipt of Shareholder Approval for MergerDecember 3, 2023 | americanbankingnews.comSummit Financial Group (NASDAQ:SMMF) Now Covered by StockNews.comDecember 8, 2023 | Edge On The Street (Ad)Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.November 28, 2023 | msn.comSummit Financial declares $0.22 dividendNovember 28, 2023 | finance.yahoo.comSummit Financial Group, Inc. Announces Q4 Common Dividend of $0.22 Per ShareNovember 7, 2023 | markets.businessinsider.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates JVA, SMMF, SCUOctober 27, 2023 | finance.yahoo.comSummit Financial Group Inc (SMMF) Reports Q3 2023 Earnings of $1.09 Per ShareOctober 27, 2023 | finance.yahoo.comBurke & Herbert Financial Services Corp. Announces Third Quarter 2023 Results and Declares Common Stock DividendDecember 8, 2023 | Financial Alphas (Ad)Recent Reports Are A Wake-Up Call For InvestorsAs the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.October 26, 2023 | finanznachrichten.deSummit Financial Group, Inc.: Summit Financial Group Reports Earnings of $1.09 Per Share for Third Quarter 2023October 26, 2023 | finance.yahoo.comSummit Financial Group Reports Earnings of $1.09 Per Share for Third Quarter 2023October 21, 2023 | seekingalpha.comSMMF Summit Financial Group, Inc.October 18, 2023 | markets.businessinsider.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMMF, RPT, AGESeptember 22, 2023 | finance.yahoo.comIndependent Director of Summit Financial Group Picks Up 2.8% More StockSeptember 19, 2023 | markets.businessinsider.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ESTE, SMMF, RPT, THRNSeptember 15, 2023 | finance.yahoo.comDirector Gary Hinkle Buys 14,201 Shares of Summit Financial Group Inc (SMMF)September 8, 2023 | finance.yahoo.comImperial Petroleum, ARS Pharmaceuticals Stock, and More See Action From Activist InvestorsAugust 31, 2023 | msn.comSummit Financial Group (SMMF) Price Target Increased by 8.00% to 27.54August 30, 2023 | msn.comDA Davidson Maintains Summit Financial Group (SMMF) Neutral RecommendationAugust 25, 2023 | seekingalpha.comBurke & Herbert Financial announces merger with Summit Financial GroupAugust 25, 2023 | seekingalpha.comSummit Financial raises quarterly dividend by 10% to $0.22/shareAugust 25, 2023 | benzinga.comSMMF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Summit Financial Group, Inc. Is Fair to ShareholdersAugust 25, 2023 | finance.yahoo.comBurke & Herbert CEO David Boyle talks market expansion and other benefits of Summit bank mergerAugust 25, 2023 | finance.yahoo.comSummit Financial Group, Inc. Increases Quarterly Common Dividend 10 Percent to $0.22 Per ShareAugust 5, 2023 | msn.comStephens & Co. Maintains Summit Materials Inc - (SUM) Overweight RecommendationJuly 27, 2023 | finance.yahoo.comSummit Financial Group Reports Strong Revenue Growth, Improved Net Interest Margin, Strategic Balance Sheet Expansion, and Earnings of $0.54 Per Share for Second Quarter 2023July 24, 2023 | benzinga.comSummit Homes Group Supports Inspired Home Buying Experiences with Sugar Sell AI-Powered Advanced Sales Automation in the CloudSee More Headlines Receive SMMF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Financial Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 9/29 Dividend9/14/2023Dividend Payable9/29/2023Last Earnings10/26/2023Today12/08/2023Ex-Dividend for 12/29 Dividend12/14/2023Dividend Payable12/29/2023Fiscal Year End12/31/2023Next Earnings (Estimated)1/25/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:SMMF CUSIPN/A CIK811808 Webwww.summitfgi.com Phone(304) 530-1000Fax304-538-7053Employees432Year FoundedN/APrice Target and Rating Average Stock Price Target$27.00 High Stock Price Target$27.00 Low Stock Price Target$27.00 Potential Upside/Downside+5.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.87 Trailing P/E Ratio6.64 Forward P/E Ratio6.25 P/E GrowthN/ANet Income$53.22 million Net Margins22.04% Pretax Margin27.92% Return on Equity14.39% Return on Assets1.26% Debt Debt-to-Equity Ratio0.31 Current Ratio0.90 Quick Ratio0.90 Sales & Book Value Annual Sales$166.77 million Price / Sales2.26 Cash Flow$5.06 per share Price / Cash Flow5.08 Book Value$26.57 per share Price / Book0.97Miscellaneous Outstanding Shares14,675,000Free Float12,785,000Market Cap$377.00 million OptionableNot Optionable Beta0.44 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. H. Charles Maddy III (Age 60)Vice Chairman, President & CEO Comp: $938.32kMr. Robert S. Tissue (Age 60)Executive VP & CFO Comp: $533.02kMr. Scott C. Jennings (Age 62)Executive VP & COO Comp: $533.16kMr. Patrick N. Frye (Age 64)Executive VP & Chief of Credit Administration Comp: $485.81kMr. Bradford E. Ritchie (Age 55)Executive VP & President of Summit Community Bank Comp: $593.06kMs. Julie R. Markwood (Age 40)Executive VP & Chief Accounting Officer Ms. Teresa D. ElyCompany Secretary, Executive Assistant to President & CEO and Director of Shareholder RelationsMs. Danyl R. Freeman (Age 53)Executive VP & Chief Human Resources Officer Angela R. ZirkExecutive VP & Chief Experience OfficerMs. Lauren N. KimlelExecutive VP & Chief Banking OfficerMore ExecutivesKey CompetitorsMid Penn BancorpNASDAQ:MPBCapStar FinancialNASDAQ:CSTREnterprise BancorpNASDAQ:EBTCFirst FoundationNASDAQ:FFWMRed River BancsharesNASDAQ:RRBIView All CompetitorsInsiders & InstitutionsAmerican Century Companies Inc.Bought 2,724 shares on 11/30/2023Ownership: 0.489%Deutsche Bank AGSold 3,977 shares on 11/24/2023Ownership: 0.026%EJF Capital LLCBought 124,389 shares on 11/15/2023Ownership: 0.847%Axxcess Wealth Management LLCBought 450 shares on 11/15/2023Ownership: 0.347%California State Teachers Retirement SystemSold 1,253 shares on 11/14/2023Ownership: 0.017%View All Insider TransactionsView All Institutional Transactions SMMF Stock Analysis - Frequently Asked Questions Should I buy or sell Summit Financial Group stock right now? 1 Wall Street 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 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. What is Summit Financial Group's stock price target for 2024? 1 brokers have issued 1-year target prices for Summit Financial Group's shares. Their SMMF share price targets range from $27.00 to $27.00. On average, they expect the company's share price to reach $27.00 in the next year. This suggests a possible upside of 5.1% from the stock's current price. View analysts price targets for SMMF or view top-rated stocks among Wall Street analysts. How have SMMF shares performed in 2023? Summit Financial Group's stock was trading at $24.89 at the beginning of 2023. Since then, SMMF stock has increased by 3.2% and is now trading at $25.69. View the best growth stocks for 2023 here. Are investors shorting Summit Financial Group? Summit Financial Group saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 31,000 shares, a decline of 56.4% from the October 31st total of 71,100 shares. Based on an average trading volume of 40,200 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company's shares are sold short. View Summit Financial Group's Short Interest. When is Summit Financial Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024. View our SMMF earnings forecast. How were Summit Financial Group's earnings last quarter? Summit Financial Group, Inc. (NASDAQ:SMMF) issued its quarterly earnings data on Thursday, October, 26th. The bank reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.06. The bank had revenue of $69.96 million for the quarter. Summit Financial Group had a trailing twelve-month return on equity of 14.39% and a net margin of 22.04%. 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, November 28th. Stockholders of record on Friday, December 15th will be given a dividend of $0.22 per share on Friday, December 29th. This represents a $0.88 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for SMMF. Is Summit Financial Group a good dividend stock? Summit Financial Group (NASDAQ:SMMF) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.52%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 22.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMMF will have a dividend payout ratio of 20.95% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SMMF. What is H. Charles Maddy III's approval rating as Summit Financial Group's CEO? 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. What other stocks do shareholders of Summit Financial Group own? 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). Who are Summit Financial Group's major shareholders? Summit Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include EJF Capital LLC (0.85%), Northern Trust Corp (0.79%), American Century Companies Inc. (0.49%), Acadian Asset Management LLC (0.45%), Axxcess Wealth Management LLC (0.35%) and Fifth Third Bancorp (0.31%). 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. How do I buy shares of Summit Financial Group? 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. Compare Top Brokerages Here. This page (NASDAQ:SMMF) was last updated on 12/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Summit Financial Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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