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Summit Financial Group Stock Forecast, Price & News

-0.41 (-2.62 %)
(As of 09/22/2020 12:00 AM ET)
Today's Range
Now: $15.24
50-Day Range
MA: $15.52
52-Week Range
Now: $15.24
Volume9,370 shs
Average Volume17,641 shs
Market Capitalization$197.77 million
P/E Ratio6.96
Dividend Yield4.35%
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 and South Central regions of West Virginia and the Shenandoah Valley, and Southwestern regions of Virginia. The company operates through three segments: Community Banking, Trust and Wealth Management, and Insurance. 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, and cash management services. The company also offers insurance brokerage services, such as corporate and personal property and casualty insurance products, as well as group health and life insurance products, and consulting services. It operates thirty banking locations. Summit Financial Group, Inc. was founded in 1987 and is headquartered in Moorefield, West Virginia.
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Summit Financial Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.10 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Current SymbolNASDAQ:SMMF



Sales & Book Value

Annual Sales$126.27 million
Cash Flow$2.98 per share
Book Value$19.86 per share


Net Income$31.87 million


Market Cap$197.77 million
Next Earnings Date10/22/2020 (Estimated)
OptionableNot Optionable
-0.41 (-2.62 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Summit Financial Group (NASDAQ:SMMF) Frequently Asked Questions

How has Summit Financial Group's stock been impacted by COVID-19 (Coronavirus)?

Summit Financial Group's stock was trading at $19.82 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SMMF shares have decreased by 23.1% and is now trading at $15.24.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of 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

When is Summit Financial Group's next earnings date?

Summit Financial Group is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Summit Financial Group

How were Summit Financial Group's earnings last quarter?

Summit Financial Group, Inc. (NASDAQ:SMMF) released its earnings results on Monday, August, 3rd. The bank reported $0.54 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.27 by $0.27. The bank earned $26.66 million during the quarter, compared to the consensus estimate of $26.40 million. Summit Financial Group had a return on equity of 10.96% and a net margin of 21.93%.
View Summit Financial Group's earnings history

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 Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.17 per share on Wednesday, September 30th. This represents a $0.68 annualized dividend and a yield of 4.46%. The ex-dividend date is Monday, September 14th.
View Summit Financial Group's dividend history

Who are some of Summit Financial Group's key competitors?

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 (CCL), GDS (GDS), ON Semiconductor (ON), Netflix (NFLX), QUALCOMM (QCOM), Royal Gold (RGLD), Sandstorm Gold (SAND) and Sibanye Gold (SBGL).

Who are Summit Financial Group's key executives?

Summit Financial Group's management team includes the following people:
  • Mr. H. Charles Maddy III, Vice Chairman, Pres & CEO (Age 56)
  • Mr. Robert S. Tissue, Sr. VP & CFO (Age 56)
  • Mr. Scott C. Jennings, Sr. VP & COO (Age 58)
  • Mr. Bradford E. Ritchie, Sr. VP (Age 51)
  • Mr. Patrick N. Frye, Sr. VP & Chief of Credit Admin. (Age 60)

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 number of institutional and retail investors. Top institutional investors include LSV Asset Management (0.34%), Nuveen Asset Management LLC (0.32%), Charles Schwab Investment Management Inc. (0.22%), Goldman Sachs Group Inc. (0.16%), WINTON GROUP Ltd (0.11%) and Bank of America Corp DE (0.09%). Company insiders that own Summit Financial Group stock include Charles Piccirillo, Dewey F Bensenhaver, Duke A Mcdaniel, Gary L Hinkle, H Charles Maddy III, Jason A Kitzmiller, John B Gianola, Julie R Markwood, Kyle E Almond, Oscar M Bean, Patrick Frye, Robert S Tissue, Scott C Jennings and Thomas J Hawse III.
View institutional ownership trends for Summit Financial Group

Which major investors are selling Summit Financial Group stock?

SMMF stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., and UBS Group AG. Company insiders that have sold Summit Financial Group company stock in the last year include Oscar M Bean, Robert S Tissue, and Thomas J Hawse III.
View insider buying and selling activity for Summit Financial Group

Which major investors are buying Summit Financial Group stock?

SMMF stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., WINTON GROUP Ltd, Bank of America Corp DE, LSV Asset Management, Toth Financial Advisory Corp, Private Advisor Group LLC, Nuveen Asset Management LLC, and Charles Schwab Investment Management Inc.. Company insiders that have bought Summit Financial Group stock in the last two years include Charles Piccirillo, Gary L Hinkle, Jason A Kitzmiller, John B Gianola, and Kyle E Almond.
View insider buying and selling activity for Summit Financial Group

How do I buy shares of 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.

What is Summit Financial Group's stock price today?

One share of SMMF stock can currently be purchased for approximately $15.24.

How big of a company is Summit Financial Group?

Summit Financial Group has a market capitalization of $197.77 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.

What is Summit Financial Group's official website?

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

How can I contact Summit Financial Group?

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]

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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