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NASDAQ:SMMFSummit Financial Group Stock Price, Forecast & News

$16.16
-0.13 (-0.80 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$16.16
Now: $16.16
$16.86
50-Day Range
$14.44
MA: $16.00
$19.50
52-Week Range
$13.48
Now: $16.16
$27.83
Volume5,987 shs
Average Volume20,390 shs
Market Capitalization$209.60 million
P/E Ratio6.94
Dividend Yield4.21%
Beta0.53
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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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 3.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.35 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:SMMF
CUSIPN/A
Phone304-530-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$126.27 million
Cash Flow$3.00 per share
Book Value$19.86 per share

Profitability

Net Income$31.87 million

Miscellaneous

EmployeesN/A
Market Cap$209.60 million
Next Earnings Date7/23/2020 (Estimated)
OptionableNot Optionable

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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 (WHO). Since then, SMMF stock has decreased by 18.5% and is now trading at $16.16. View which stocks have been most impacted by Coronavirus.

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, July 23rd 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 quarterly earnings data on Thursday, April, 30th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.42 by $0.07. The bank had revenue of $25.95 million for the quarter, compared to analysts' expectations of $25.10 million. Summit Financial Group had a return on equity of 11.93% and a net margin of 22.82%. 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 declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 15th will be given a dividend of $0.17 per share on Tuesday, June 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, June 12th. View Summit Financial Group's dividend history.

Has Summit Financial Group been receiving favorable news coverage?

Media stories about SMMF stock have trended negative on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Summit Financial Group earned a coverage optimism score of -2.4 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Summit Financial Group.

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."

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 $16.16.

How big of a company is Summit Financial Group?

Summit Financial Group has a market capitalization of $209.60 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 7/5/2020 by MarketBeat.com Staff

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