Summit Financial Group Stock Price, News & Analysis (NASDAQ:SMMF)

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our SMMF earnings forecast.

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%.

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.

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.

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.

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).

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.

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.
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