NASDAQ:SMMF - Summit Financial Group Stock Price, Forecast & News

Summit Financial Group trades on the NASDAQ under the ticker symbol "SMMF."

Summit Financial Group announced a quarterly dividend on Thursday, November 21st. Investors of record on Monday, December 16th will be given a dividend of $0.15 per share on Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, December 13th. View Summit Financial Group's Dividend History.

Summit Financial Group, Inc. (NASDAQ:SMMF) posted its quarterly earnings results on Friday, January, 24th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The bank earned $24.23 million during the quarter. Summit Financial Group had a net margin of 25.24% and a return on equity of 13.43%. View Summit Financial Group's Earnings History.

Summit Financial Group is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Summit Financial Group.

1 Wall Street 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, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Summit Financial Group.

News stories about SMMF stock have trended somewhat positive recently, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Financial Group earned a news impact score of 1.8 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Summit Financial Group.

Summit Financial Group saw a decline in short interest in January. As of January 31st, there was short interest totalling 52,500 shares, a decline of 12.9% from the January 15th total of 60,300 shares. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is presently 4.9 days. Currently, 0.5% of the shares of the company are short sold. View Summit Financial Group's Current Options Chain.

Some companies that are related to Summit Financial Group include Southside Bancshares (SBSI), 1st Source (SRCE), Lakeland Financial (LKFN), Enterprise Financial Services (EFSC), TriCo Bancshares (TCBK), FB Financial (FBK), First Bancorp (FBNC), OFG Bancorp (OFG), Triumph Bancorp (TBK), Boston Private Financial (BPFH), Carolina Financial (CARO), Preferred Bank (PFBC), German American Bancorp. (GABC), Stock Yards Bancorp (SYBT) and Republic Bancorp, Inc. KY (RBCAA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Financial Group investors own include AT&T (T), Altria Group (MO), Royal Gold (RGLD), Visa (V), Verizon Communications (VZ), GDS (GDS), FedEx (FDX), Marathon Petroleum (MPC), Pfizer (PFE) and Philip Morris International (PM).

Summit Financial Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (2.34%), Summit Financial Group Inc. (1.96%), State Street Corp (1.62%), Verdence Capital Advisors LLC (0.71%), Bank of New York Mellon Corp (0.53%) and LSV Asset Management (0.35%). Company insiders that own Summit Financial Group stock include Charles Piccirillo, Dewey F Bensenhaver, Duke A Mcdaniel, Gary L Hinkle, Gerald W Huffman, H Charles Maddy III, Jason A Kitzmiller, Julie R Markwood, Oscar M Bean, Patrick Frye, Robert S Tissue, Scott C Jennings and Thomas J Hawse III. View Institutional Ownership Trends for Summit Financial Group.

SMMF stock was sold by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, Maryland Capital Management, LSV Asset Management and Russell Investments Group Ltd.. Company insiders that have sold Summit Financial Group company stock in the last year include Dewey F Bensenhaver, H Charles Maddy III, Julie R Markwood, Oscar M Bean, Patrick Frye, Robert S Tissue and Thomas J Hawse III. View Insider Buying and Selling for Summit Financial Group.

SMMF stock was acquired by a variety of institutional investors in the last quarter, including Summit Financial Group Inc., Verdence Capital Advisors LLC, Bank of New York Mellon Corp, Renaissance Technologies LLC, Zebra Capital Management LLC, Barclays PLC, NTV Asset Management LLC and State Street Corp. Company insiders that have bought Summit Financial Group stock in the last two years include Charles Piccirillo, Gary L Hinkle, Gerald W Huffman and Jason A Kitzmiller. View Insider Buying and Selling for Summit Financial Group.

Shares of SMMF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SMMF stock can currently be purchased for approximately $25.60.

Summit Financial Group has a market capitalization of $319.23 million and generates $126.27 million in revenue each year. The bank earns $31.87 million in net income (profit) each year or $2.53 on an earnings per share basis. View Additional Information About Summit Financial Group.

The official website for Summit Financial Group is http://www.summitfgi.com/.

Summit Financial Group's mailing address is 300 NORTH MAIN ST, MOOREFIELD WV, 26836. The bank can be reached via phone at 304-530-1000 or via email at [email protected]