Summit Financial Group Company Profile (NASDAQ:SMMF)

About Summit Financial Group (NASDAQ:SMMF)

Summit Financial Group logoSummit 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
Capitalization:
  • Market Cap: $318.11 million
  • Outstanding Shares: 12,426,000
Average Prices:
  • 50 Day Moving Avg: $25.29
  • 200 Day Moving Avg: $22.70
  • 52 Week Range: $19.09 - $30.06
P/E:
  • Trailing P/E Ratio: 23.67
  • Foreward P/E Ratio: 12.74
  • P/E Growth: 1.46
Sales & Book Value:
  • Annual Revenue: $68.71 million
  • Price / Sales: 4.63
  • Book Value: $15.70 per share
  • Price / Book: 1.63
Dividend:
  • Annual Dividend: $0.44
  • Dividend Yield: 1.6%
Profitability:
  • Net Margins: 14.74%
  • Return on Equity: 11.57%
  • Return on Assets: 1.04%
Debt:
  • Debt-to-Equity Ratio: 0.34%
  • Current Ratio: 0.88%
  • Quick Ratio: 0.88%
Misc:
  • 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?

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?

One share of Summit Financial Group stock can currently be purchased for approximately $25.60.


MarketBeat Community Rating for Summit Financial Group (NASDAQ SMMF)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  54 (Vote Outperform)
Underperform Votes:  60 (Vote Underperform)
Total Votes:  114
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.

Analyst Ratings

Consensus Ratings for Summit Financial Group (NASDAQ:SMMF) (How are Consensus Ratings Calculated?)
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)
Price Target History for Summit Financial Group (NASDAQ:SMMF)
Analysts' Ratings History for Summit Financial Group (NASDAQ:SMMF)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/25/2017Sandler O'NeillDowngradeBuy -> Hold$25.00 -> $26.00LowView Rating Details
3/6/2017DA DavidsonInitiated CoverageNeutral$27.00N/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Summit Financial Group (NASDAQ:SMMF)
Earnings by Quarter for Summit Financial Group (NASDAQ:SMMF)
Earnings History by Quarter for Summit Financial Group (NASDAQ SMMF)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/30/2017Q4 2016$0.39$0.44$16.46 millionViewN/AView Earnings Details
10/24/2016Q3$0.37$0.40$14.79 millionViewN/AView Earnings Details
4/25/2016Q1$0.38$14.59 millionViewN/AView Earnings Details
1/25/2016Q4$0.39$14.60 millionViewN/AView Earnings Details
10/26/2015Q3$0.34$14.30 millionViewN/AView Earnings Details
7/27/2015Q2$0.38$14.32 millionViewN/AView Earnings Details
4/27/2015Q115$0.41$14.66 millionViewN/AView Earnings Details
1/28/2015Q414$0.32$13.77 millionViewN/AView Earnings Details
7/30/2014Q213$0.25$13.03 millionViewN/AView Earnings Details
1/29/2014Q4$0.29ViewN/AView Earnings Details
10/30/2013Q313$0.27ViewN/AView Earnings Details
1/30/2013Q412$0.22ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Summit Financial Group (NASDAQ:SMMF)
2017 EPS Consensus Estimate: $1.73
2018 EPS Consensus Estimate: $1.90
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.40$0.40$0.40
Q2 20171$0.38$0.38$0.38
Q3 20171$0.47$0.47$0.47
Q4 20171$0.48$0.48$0.48
Q1 20181$0.47$0.47$0.47
Q2 20181$0.46$0.46$0.46
Q3 20181$0.48$0.48$0.48
Q4 20181$0.49$0.49$0.49
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Summit Financial Group (NASDAQ:SMMF)
Most Recent Dividend:9/30/2017
Annual Dividend:$0.44
Dividend Yield:1.72%
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 Payments by Quarter for Summit Financial Group (NASDAQ:SMMF)

Dividend History by Quarter for Summit Financial Group (NASDAQ SMMF)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/25/2017quarterly$0.112.02%9/14/20179/15/20179/30/2017
6/2/2017quarterly$0.112%6/13/20176/15/20176/30/2017
2/27/2017quarterly$0.111.81%3/13/20173/15/20173/31/2017
12/5/2016quarterly$0.101.38%12/13/201612/15/201612/30/2016
8/31/2016quarterly$0.102.06%9/13/20169/15/20169/30/2016
6/1/2016quarterly$0.102.31%6/13/20166/15/20166/30/2016
3/1/2016quarterly$0.102.99%3/11/20163/15/20163/31/2016
11/23/2015quarterly$0.082.74%12/11/201512/15/201512/31/2015
8/25/2015quarterly$0.082.71%9/11/20159/15/20159/30/2015
6/1/2015quarterly$0.082.85%6/11/20156/15/20156/30/2015
3/2/2015$0.083/12/20153/16/20153/31/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Summit Financial Group (NASDAQ:SMMF)
Insider Ownership Percentage: 22.82%
Institutional Ownership Percentage: 20.73%
Insider Trades by Quarter for Summit Financial Group (NASDAQ:SMMF)
Institutional Ownership by Quarter for Summit Financial Group (NASDAQ:SMMF)
Insider Trades by Quarter for Summit Financial Group (NASDAQ:SMMF)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/20/2017Duke A McdanielDirectorSell3,125$24.32$76,000.00View SEC Filing  
8/3/2017Gary L HinkleDirectorBuy5,000$21.98$109,900.00View SEC Filing  
8/1/2017Gary L HinkleDirectorBuy10,000$21.78$217,800.00View SEC Filing  
6/23/2017Charles PiccirilloDirectorBuy1,407$21.69$30,517.83View SEC Filing  
6/15/2017Thomas J Hawse IIIDirectorSell3,000$22.00$66,000.00View SEC Filing  
3/23/2017Gary L HinkleDirectorBuy7,884$19.85$156,497.40View SEC Filing  
3/10/2017Gary L HinkleDirectorBuy6,888$21.32$146,852.16View SEC Filing  
2/10/2017Duke A McdanielDirectorSell4,790$24.31$116,444.90View SEC Filing  
12/22/2016Georgette R GeorgeDirectorSell1,900$28.00$53,200.00View SEC Filing  
12/21/2016Duke A McdanielDirectorSell3,500$27.75$97,125.00View SEC Filing  
12/20/2016Dewey F BensenhaverDirectorSell1,000$28.00$28,000.00View SEC Filing  
12/19/2016Patrick FryeVPSell11,126$27.75$308,746.50View SEC Filing  
12/16/2016Patrick FryeVPSell5,863$27.99$164,105.37View SEC Filing  
12/9/2016H Charles Maddy IIICEOSell3,400$29.10$98,940.00View SEC Filing  
12/9/2016Julie R CookVPSell3,300$29.43$97,119.00View SEC Filing  
12/9/2016Robert S TissueCFOSell1,400$29.20$40,880.00View SEC Filing  
12/9/2016Scott C JenningsCOOSell3,000$29.26$87,780.00View SEC Filing  
12/8/2016Oscar M BeanChairmanSell3,274$28.60$93,636.40View SEC Filing  
12/8/2016Patrick FryeVPSell2,800$28.94$81,032.00View SEC Filing  
12/7/2016Robert S TissueCFOSell1,600$29.34$46,944.00View SEC Filing  
8/19/2016Gary L HinkleDirectorBuy3,500$19.49$68,215.00View SEC Filing  
8/15/2016Oscar M BeanChairmanSell5,000$20.13$100,650.00View SEC Filing  
8/1/2016Gary L HinkleDirectorBuy5,000$19.53$97,650.00View SEC Filing  
6/13/2016John W Crites IIDirectorBuy2,338$16.97$39,675.86View SEC Filing  
6/10/2016Jeffrey E HottDirectorSell3,700$17.01$62,937.00View SEC Filing  
6/8/2016Gary L HinkleDirectorBuy4,862$16.96$82,459.52View SEC Filing  
9/23/2015Jeffrey E HottDirectorSell2,085$11.50$23,977.50View SEC Filing  
9/2/2015Gary L HinkleDirectorBuy4,500$11.64$52,380.00View SEC Filing  
11/3/2014James M CookmanDirectorBuy1,000$11.90$11,900.00View SEC Filing  
10/31/2014Gary L HinkleDirectorBuy1,280$11.00$14,080.00View SEC Filing  
10/29/2014Jeffrey E HottDirectorSell5,000$10.50$52,500.00View SEC Filing  
9/15/2014Jeffrey E HottDirectorSell3,697$10.50$38,818.50View SEC Filing  
3/6/2014Jeffrey E HottDirectorSell5,329$10.50$55,954.50View SEC Filing  
2/7/2014Robert S TissueCFOBuy1,000$10.00$10,000.00View SEC Filing  
2/5/2014Gary L HinkleDirectorBuy2,000$10.00$20,000.00View SEC Filing  
12/3/2013Thomas J Hawse IIIDirectorBuy1,800$9.22$16,596.00View SEC Filing  
8/1/2013Scott C JenningsCOOSell3,200$8.40$26,880.00View SEC Filing  
6/25/2013Jeffrey E HottDirectorSell10,000$8.00$80,000.00View SEC Filing  
6/21/2013Jeffrey E HottDirectorSell10,000$7.95$79,500.00View SEC Filing  
5/14/2013Jeffrey E HottDirectorSell2,000$8.22$16,440.00View SEC Filing  
5/8/2013Thomas J Hawse IIIDirectorBuy1,000$8.49$8,490.00View SEC Filing  
12/10/2012Oscar M BeanChairmanBuy1,000$4.81$4,810.00View SEC Filing  
9/5/2012Jeffrey E HottDirectorSell5,000$4.15$20,750.00View SEC Filing  
8/29/2012Jeffrey E HottDirectorSell1,000$4.05$4,050.00View SEC Filing  
(Data available from 1/1/2013 forward)

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Summit Financial Group (SMMF) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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