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Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
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UK's Truss sticks by economic plan as her party worries
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Denmark says Nord Stream 1 pipelines stop leaking
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
UK's Truss sticks by economic plan as her party worries
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Denmark says Nord Stream 1 pipelines stop leaking
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
UK's Truss sticks by economic plan as her party worries
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Denmark says Nord Stream 1 pipelines stop leaking
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
UK's Truss sticks by economic plan as her party worries
NASDAQ:SMMF

Summit Financial Group - SMMF Stock Forecast, Price & News

$26.94
-0.36 (-1.32%)
(As of 09/30/2022 09:02 PM ET)
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Compare
Today's Range
$26.94
$27.87
50-Day Range
$26.94
$30.51
52-Week Range
$24.18
$30.83
Volume
19,100 shs
Average Volume
18,674 shs
Market Capitalization
$344.19 million
P/E Ratio
7.30
Dividend Yield
2.97%
Price Target
$30.50

Summit Financial Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.2% Upside
$30.50 Price Target
Short Interest
Healthy
1.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.14mentions of Summit Financial Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$1,832 Bought Last Quarter
Proj. Earnings Growth
2.43%
From $4.12 to $4.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Finance Sector

557th out of 923 stocks

State Commercial Banks Industry

121st out of 197 stocks

SMMF stock logo

About Summit Financial Group (NASDAQ:SMMF) Stock

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. The company's 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. As of December 31, 2021, it operated through 45 banking offices. The company was incorporated in 1987 and is headquartered in Moorefield, West Virginia.

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SMMF Stock News Headlines

Summit Financial Group (NASDAQ:SMMF) PT Lowered to $30.50
Best Momentum Stocks to Buy for September 8th
What Makes Summit Financial (SMMF) a New Strong Buy Stock
Best Income Stocks to Buy for September 8th
Summit Financial Group, Inc. (SMMF)
5 Hot Stocks to Buy Now
Summit Financial (SMMF) Could Be a Great Choice
See More Headlines
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SMMF Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 9/30 Dividend
9/14/2022
Dividend Payable
9/30/2022
Today
10/02/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:SMMF
Employees
439
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$30.50
High Stock Price Forecast
$30.50
Low Stock Price Forecast
$30.50
Forecasted Upside/Downside
+13.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$45.74 million
Pretax Margin
40.50%

Debt

Sales & Book Value

Annual Sales
$142.62 million
Cash Flow
$4.07 per share
Book Value
$24.04 per share

Miscellaneous

Free Float
11,051,000
Market Cap
$344.19 million
Optionable
Not Optionable
Beta
0.36

Key Executives

  • Mr. H. Charles Maddy III (Age 59)
    Vice Chairman, Pres & CEO
    Comp: $881.52k
  • Mr. Robert S. Tissue (Age 59)
    Exec. VP & CFO
    Comp: $491.94k
  • Mr. Scott C. Jennings (Age 61)
    Exec. VP & COO
    Comp: $493.14k
  • Mr. Patrick N. Frye (Age 63)
    Exec. VP & Chief of Credit Admin.
    Comp: $450.54k
  • Mr. Bradford E. Ritchie (Age 54)
    Exec. VP & Pres of Summit Community Bank
    Comp: $550.3k
  • Ms. Julie R. Markwood
    Sr. VP & Chief Accounting Officer
  • Ms. Teresa D. Ely
    Exec. Assistant to Pres & CEO and Director of Shareholder Relations
  • Ms. Danyl R. Freeman (Age 52)
    Exec. VP & Chief HR Officer
  • Ms. Patricia L. Owens (Age 57)
    Exec. VP & Chief Banking Officer
  • Ms. Lorraine L. Brisell
    Market Pres













SMMF Stock - Frequently Asked Questions

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

1 Wall Street 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 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 2022?

1 Wall Street analysts have issued 1-year target prices for Summit Financial Group's stock. Their SMMF share price forecasts range from $30.50 to $30.50. On average, they anticipate the company's share price to reach $30.50 in the next year. This suggests a possible upside of 13.2% 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 2022?

Summit Financial Group's stock was trading at $27.45 on January 1st, 2022. Since then, SMMF shares have decreased by 1.9% and is now trading at $26.94.
View the best growth stocks for 2022 here
.

When is Summit Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SMMF earnings forecast
.

How were Summit Financial Group's earnings last quarter?

Summit Financial Group, Inc. (NASDAQ:SMMF) released its quarterly earnings results on Thursday, July, 28th. The bank reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by $0.05. The bank had revenue of $34.82 million for the quarter, compared to analysts' expectations of $35.50 million. Summit Financial Group had a net margin of 32.33% and a trailing twelve-month return on equity of 15.46%.

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, August 25th. Investors of record on Thursday, September 15th will be paid a dividend of $0.20 per share on Friday, September 30th. This represents a $0.80 annualized dividend and a yield of 2.97%. The ex-dividend date is Wednesday, September 14th. This is a positive change from the stock's previous quarterly dividend of $0.18.
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 2.93%. 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 21.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMMF will have a dividend payout ratio of 18.96% 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), ON Semiconductor (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."

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 $26.94.

How much money does Summit Financial Group make?

Summit Financial Group (NASDAQ:SMMF) has a market capitalization of $344.29 million and generates $142.62 million in revenue each year. The bank earns $45.74 million in net income (profit) each year or $3.69 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 10/3/2022 by MarketBeat.com Staff

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