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NASDAQ:SMMF

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

$26.49
-0.26 (-0.97%)
(As of 02/22/2024 ET)
Today's Range
$26.33
$27.01
50-Day Range
$26.08
$31.28
52-Week Range
$17.06
$31.49
Volume
18,331 shs
Average Volume
24,662 shs
Market Capitalization
$388.87 million
P/E Ratio
6.93
Dividend Yield
3.32%
Price Target
$27.00

Summit Financial Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.9% Upside
$27.00 Price Target
Short Interest
Healthy
0.51% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Summit Financial Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.14 out of 5 stars

Finance Sector

778th out of 842 stocks

State Commercial Banks Industry

174th out of 176 stocks

SMMF stock logo

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.

SMMF Stock Price History

SMMF Stock News Headlines

SMMF Mar 2024 30.000 call
Shocking Bank Secret of the Ultra-Rich
A 229-year-old banking secret is behind some of the wealthiest, most powerful dynasties in American history –  here's how it could help you in 2024.
Shocking Bank Secret of the Ultra-Rich
A 229-year-old banking secret is behind some of the wealthiest, most powerful dynasties in American history –  here's how it could help you in 2024.
Summit Financial declares $0.22 dividend
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates JVA, SMMF, SCU
SMMF Summit Financial Group, Inc.
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMMF, RPT, AGE
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
1/25/2024
Today
2/22/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:SMMF
Employees
432
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$27.00
High Stock Price Target
$27.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+1.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$55.24 million
Pretax Margin
27.92%

Debt

Sales & Book Value

Annual Sales
$263.42 million
Cash Flow
$4.77 per share
Book Value
$26.57 per share

Miscellaneous

Free Float
12,785,000
Market Cap
$388.87 million
Optionable
Optionable
Beta
0.40
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Key Executives

  • Mr. H. Charles Maddy III (Age 61)
    Vice Chairman, President & CEO
    Comp: $938.32k
  • Mr. Robert S. Tissue (Age 61)
    Executive VP & CFO
    Comp: $533.02k
  • Mr. Scott C. Jennings (Age 63)
    Executive VP & COO
    Comp: $533.16k
  • Mr. Patrick N. Frye (Age 65)
    Executive VP & Chief of Credit Administration
    Comp: $485.81k
  • Mr. Bradford E. Ritchie (Age 56)
    Executive VP & President of Summit Community Bank
    Comp: $593.06k
  • Ms. Julie R. Markwood (Age 41)
    Executive VP & Chief Accounting Officer
  • Ms. Teresa D. Ely
    Company Secretary, Executive Assistant to President & CEO and Director of Shareholder Relations
  • Ms. Danyl R. Freeman (Age 54)
    Executive VP & Chief Human Resources Officer
  • Angela R. Zirk
    Executive VP & Chief Experience Officer
  • Ms. Lauren N. Kimlel
    Executive VP & Chief Banking Officer














SMMF Stock Analysis - Frequently Asked Questions

Should I buy or sell Summit Financial Group stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Financial Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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 Wall Street analysts have issued 12-month price objectives for Summit Financial Group's stock. Their SMMF share price targets range from $27.00 to $27.00. On average, they predict the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 1.9% 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 2024?

Summit Financial Group's stock was trading at $30.69 at the start of the year. Since then, SMMF shares have decreased by 13.7% and is now trading at $26.49.
View the best growth stocks for 2024 here
.

When is Summit Financial Group's next earnings date?

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

How were Summit Financial Group's earnings last quarter?

Summit Financial Group, Inc. (NASDAQ:SMMF) posted its quarterly earnings data on Thursday, January, 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.01. The bank earned $72.32 million during the quarter. Summit Financial Group had a net margin of 20.97% and a trailing twelve-month return on equity of 14.35%.

How often does Summit Financial Group pay dividends? What is the dividend yield for Summit Financial Group?

Summit Financial Group announced a quarterly dividend on Thursday, November 23rd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.22 per share on Friday, December 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.32%. 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 3.27%. 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 23.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMMF will have a dividend payout ratio of 22.00% 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), Onsemi (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 number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.52%), Vanguard Group Inc. (3.88%), Summit Financial Group Inc. (1.43%), Northern Trust Corp (0.81%), Bridgeway Capital Management LLC (0.80%) and Axxcess Wealth Management LLC (0.36%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SMMF) was last updated on 2/22/2024 by MarketBeat.com Staff

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