NASDAQ:SMMF Summit Financial Group - SMMF Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Summit Financial Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $21.39 +0.39 (+1.86%) (As of 03/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$21.28▼$21.6750-Day Range$20.82▼$26.8852-Week Range$20.55▼$30.83Volume10,720 shsAverage Volume25,998 shsMarket Capitalization$273.36 millionP/E Ratio5.23Dividend Yield3.74%Price Target$31.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Summit Financial Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside44.9% Upside$31.00 Price TargetShort InterestBearish2.43% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.94Based on 3 Articles This WeekInsider TradingAcquiring Shares$515,253 Bought Last QuarterProj. Earnings Growth1.92%From $4.16 to $4.24 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.84 out of 5 starsFinance Sector244th out of 884 stocksState Commercial Banks Industry76th out of 185 stocks 3.0 Analyst's Opinion Consensus RatingSummit Financial Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $31.00, Summit Financial Group has a forecasted upside of 44.9% from its current price of $21.39.Amount of Analyst CoverageSummit Financial Group has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted2.43% of the float of Summit Financial Group has been sold short.Short Interest Ratio / Days to CoverSummit Financial Group has a short interest ratio ("days to cover") of 10.1, which indicates bearish sentiment.Change versus previous monthShort interest in Summit Financial Group has recently increased by 2.62%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend LeadershipSummit Financial Group is a leading dividend payer. It pays a dividend yield of 3.81%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSummit Financial Group has been increasing its dividend for 8 years.Dividend CoverageThe dividend payout ratio of Summit Financial Group is 19.56%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Summit Financial Group will have a dividend payout ratio of 18.87% next year. This indicates that Summit Financial Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SMMF. Previous Next 3.9 News and Social Media Coverage News SentimentSummit Financial Group has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Summit Financial Group this week, compared to 1 article on an average week.Search Interest1 people have searched for SMMF on MarketBeat in the last 30 days. MarketBeat Follows2 people have added Summit Financial Group to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Financial Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $515,253.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders13.50% of the stock of Summit Financial Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 31.12% of the stock of Summit Financial Group is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Summit Financial Group are expected to grow by 1.92% in the coming year, from $4.16 to $4.24 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Financial Group is 5.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Financial Group is 5.23, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 131.97.Price to Book Value per Share RatioSummit Financial Group has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Summit Financial Group (NASDAQ:SMMF) StockSummit Financial Group, Inc. is a holding company, which engages in the provision of community banking and insurance services. The company was founded on March 5, 1987 and is headquartered in Moorefield, WV.Read More Receive SMMF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Financial Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SMMF Stock News HeadlinesMarch 27, 2023 | insidertrades.com3 Financials The Insiders Are Buying (SMMF)March 27, 2023 | msn.com3 Financials The Insiders Are BuyingMarch 27, 2023 | Tradewins (Ad)Modern Day Options Trading For Beginners!These days it takes more than willpower to succeed on Wall Street and for new traders, even small mistakes can sink an account! With "Your Guide To Successful Options Trading" by expert Wendy Kirkland, you can avoid new trader pitfalls and learn to earn in this vicious market. March 20, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Summit Financial Group (NASDAQ:SMMF)March 4, 2023 | msn.comSummit Financial Group (SMMF) Declares $0.20 DividendFebruary 27, 2023 | finance.yahoo.comInstitutions own 31% of Summit Financial Group, Inc. (NASDAQ:SMMF) shares but individual investors control 50% of the companyFebruary 24, 2023 | finance.yahoo.comSummit Financial Group, Inc. Announces Q1 Common Dividend of $0.20 per ShareJanuary 27, 2023 | finance.yahoo.comPSB HOLDING CORP. REPORTS 2022 RESULTSMarch 27, 2023 | Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.January 26, 2023 | msn.comSummit Financial GAAP EPS of $1.16 misses by $0.03, revenue of $39.22M misses by $0.93MJanuary 26, 2023 | finance.yahoo.comSummit Financial Group Reports Record Q4 2022 EPS of $1.16 on Continued Strong Loan Growth Resulting in 19.5 Percent Annualized Increase in TBVPSJanuary 26, 2023 | finance.yahoo.comSummit Financial (SMMF) Misses Q4 Earnings and Revenue EstimatesJanuary 25, 2023 | technews.tmcnet.comSummit Bank Group Reports Record 2022 4th Quarter EarningsJanuary 24, 2023 | ft.comClimate graphic of the week: UN climate summit host progress ‘insufficient’, science group saysJanuary 23, 2023 | finance.yahoo.comInvestors in Summit Financial Group (NASDAQ:SMMF) have unfortunately lost 7.8% over the last yearJanuary 22, 2023 | msn.comSummit Ascent, Suntrust to settle P5.6 billion interest on Westside City bondsDecember 9, 2022 | finance.yahoo.comWhy You Might Be Interested In Summit Financial Group, Inc. (NASDAQ:SMMF) For Its Upcoming DividendNovember 17, 2022 | finance.yahoo.comSummit Financial Group, Inc. Announces Q4 Common Dividend of $0.20 Per ShareNovember 15, 2022 | finance.yahoo.comSummit to Participate in D. A. Davidson Mid-Atlantic Banks SummitNovember 8, 2022 | finance.yahoo.comSummit to Participate in Piper Sandler East Coast Financial Services ConferenceNovember 8, 2022 | finance.yahoo.comSummit Financial Group Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS LagsNovember 2, 2022 | finance.yahoo.comSummit to Participate in 2022 Hovde Group Financial Services ConferenceOctober 27, 2022 | finance.yahoo.comSummit Financial Group Reports Third Quarter 2022 EPS of $1.11 on Continued Strong Loan and Revenue GrowthOctober 27, 2022 | finance.yahoo.comSummit Financial (SMMF) Q3 Earnings Lag EstimatesOctober 20, 2022 | finance.yahoo.comSummit Financial (SMMF) Earnings Expected to Grow: What to Know Ahead of Q3 ReleaseOctober 15, 2022 | finance.yahoo.comHere's Why We Think Summit Financial Group (NASDAQ:SMMF) Is Well Worth WatchingOctober 15, 2022 | benzinga.comRed Summit Partners Closes 6th Texas AcquisitionSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SMMF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Financial Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SMMF Company Calendar Ex-Dividend for 12/30 Dividend12/14/2022Dividend Payable12/30/2022Last Earnings1/26/2023Ex-Dividend for 3/31 Dividend3/14/2023Today3/27/2023Dividend Payable3/31/2023Next Earnings (Estimated)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:SMMF CUSIPN/A CIK811808 Webwww.summitfgi.com Phone(304) 530-1000Fax304-538-7053Employees439Year FoundedN/APrice Target and Rating Average Stock Price Forecast$31.00 High Stock Price Forecast$31.00 Low Stock Price Forecast$31.00 Forecasted Upside/Downside+44.9%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$4.09 Trailing P/E Ratio5.23 Forward P/E Ratio5.14 P/E GrowthN/ANet Income$53.22 million Net Margins30.08% Pretax Margin38.05% Return on Equity16.36% Return on Assets1.40% Debt Debt-to-Equity Ratio0.36 Current Ratio0.91 Quick Ratio0.91 Sales & Book Value Annual Sales$176.90 million Price / Sales1.55 Cash Flow$4.93 per share Price / Cash Flow4.34 Book Value$26.57 per share Price / Book0.81Miscellaneous Outstanding Shares12,780,000Free Float11,058,000Market Cap$273.36 million OptionableNot Optionable Beta0.41 Key ExecutivesCharlie MaddyPresident, Chief Executive Officer & Vice ChairmanScott C. JenningsChief Operating Officer & Senior Vice PresidentRobert S. TissueChief Financial Officer & Executive Vice PresidentPatrick N. FryeChief-Credit Administration & Executive VPBrad E. RitchieExecutive Vice PresidentKey CompetitorsCivista BancsharesNASDAQ:CIVBMVB FinancialNASDAQ:MVBFACNBNASDAQ:ACNBSierra BancorpNASDAQ:BSRRFirst Business Financial ServicesNASDAQ:FBIZView All CompetitorsInsiders & InstitutionsOscar M BeanBought 200 shares on 3/13/2023Total: $4,398.00 ($21.99/share)Jason A KitzmillerBought 9,150 shares on 3/13/2023Total: $199,012.50 ($21.75/share)Jason A KitzmillerBought 5,289 shares on 3/10/2023Total: $120,853.65 ($22.85/share)Axxcess Wealth Management LLCSold 2,973 shares on 2/16/2023Ownership: 0.256%Millennium Management LLCSold 842 shares on 2/15/2023Ownership: 0.381%View All Insider TransactionsView All Institutional Transactions SMMF Stock - Frequently Asked Questions Should I buy or sell Summit Financial Group stock right now? 1 Wall Street 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 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 forecast for 2023? 1 Wall Street analysts have issued 1 year price objectives for Summit Financial Group's stock. Their SMMF share price forecasts range from $31.00 to $31.00. On average, they anticipate the company's share price to reach $31.00 in the next twelve months. This suggests a possible upside of 44.9% 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 2023? Summit Financial Group's stock was trading at $24.89 at the beginning of 2023. Since then, SMMF stock has decreased by 14.1% and is now trading at $21.39. View the best growth stocks for 2023 here. When is Summit Financial Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023. View our SMMF earnings forecast. How were Summit Financial Group's earnings last quarter? Summit Financial Group, Inc. (NASDAQ:SMMF) issued its quarterly earnings results on Thursday, January, 26th. The bank reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by $0.03. The bank had revenue of $39.22 million for the quarter, compared to analysts' expectations of $39.50 million. Summit Financial Group had a net margin of 30.08% and a trailing twelve-month return on equity of 16.36%. 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, February 24th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.20 per share on Friday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Tuesday, March 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 $0.80 per share and currently has a dividend yield of 3.81%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 19.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMMF will have a dividend payout ratio of 18.87% 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). What is Summit Financial Group's stock symbol? Summit Financial Group trades on the NASDAQ under the ticker symbol "SMMF." Who are Summit Financial Group's major shareholders? Summit Financial Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (2.56%), Summit Financial Group Inc. (1.88%), Renaissance Technologies LLC (1.69%), Geode Capital Management LLC (1.52%), American Century Companies Inc. (0.48%) and Millennium Management LLC (0.38%). Insiders that own company stock include Charles Piccirillo, Dewey F Bensenhaver, Gary L Hinkle, James M Cookman, Jason A Kitzmiller, Jill S Upson, Kyle E Almond, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Summit Financial Group's stock price today? One share of SMMF stock can currently be purchased for approximately $21.39. How much money does Summit Financial Group make? Summit Financial Group (NASDAQ:SMMF) has a market capitalization of $273.36 million and generates $176.90 million in revenue each year. The bank earns $53.22 million in net income (profit) each year or $4.09 on an earnings per share basis. How many employees does Summit Financial Group have? The company employs 439 workers across the globe. How can I contact Summit Financial Group? Summit Financial Group's mailing address is 300 NORTH MAIN ST, MOOREFIELD WV, 26836. The official website for the company is www.summitfgi.com. The bank can be reached via phone at (304) 530-1000, via email at tely@summitfgi.com, or via fax at 304-538-7053. This page (NASDAQ:SMMF) was last updated on 3/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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