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

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. The consensus among Wall Street 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 equities research analysts have issued 1-year price targets for Summit Financial Group's shares. Their SMMF share price targets range from $27.00 to $27.00. On average, they anticipate the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 7.9% 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 $30.69 on January 1st, 2024. Since then, SMMF shares have decreased by 18.5% and is now trading at $25.02.
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Summit Financial Group saw a decline in short interest in March. As of March 31st, there was short interest totaling 62,000 shares, a decline of 24.4% from the March 15th total of 82,000 shares. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.5% of the shares of the stock are sold short.
View Summit Financial Group's Short Interest.

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

Summit Financial Group, Inc. (NASDAQ:SMMF) issued its quarterly earnings results on Thursday, January, 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.01. The bank earned $72.32 million during the quarter. Summit Financial Group had a trailing twelve-month return on equity of 13.99% and a net margin of 20.97%.

Summit Financial Group declared a quarterly dividend on Friday, February 23rd. Stockholders of record on Friday, March 15th will be given a dividend of $0.22 per share on Friday, March 29th. This represents a $0.88 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, March 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 3.50%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. 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.

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), Onsemi (ON), Netflix (NFLX), QUALCOMM (QCOM), Royal Gold (RGLD), Sibanye Gold (SBGL).

Summit Financial Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Summit Financial Group Inc. (1.49%) and Folger Nolan Fleming Douglas Capital Management Inc. (0.07%). Insiders that own company stock include Charles Piccirillo, Dewey F Bensenhaver, Gary L Hinkle, James M Cookman, James P Geary II, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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