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NASDAQ:SMMF - Summit Financial Group Stock Price, Forecast & News

-0.06 (-0.23 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
Now: $25.50
50-Day Range
MA: $25.47
52-Week Range
Now: $25.50
Volume15,456 shs
Average Volume11,354 shs
Market Capitalization$317.99 million
P/E Ratio10.04
Dividend Yield2.35%
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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Current SymbolNASDAQ:SMMF



Sales & Book Value

Annual Sales$126.27 million
Cash Flow$2.78 per share
Book Value$17.62 per share


Net Income$31.87 million


Market Cap$317.99 million
Next Earnings Date4/23/2020 (Estimated)
OptionableNot Optionable

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Summit Financial Group (NASDAQ:SMMF) Frequently Asked Questions

What is Summit Financial Group's stock symbol?

Summit Financial Group trades on the NASDAQ under the ticker symbol "SMMF."

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, November 21st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.15 per share on Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, December 13th. View Summit Financial Group's Dividend History.

How were Summit Financial Group's earnings last quarter?

Summit Financial Group, Inc. (NASDAQ:SMMF) announced its quarterly earnings results on Friday, January, 24th. The bank reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The bank had revenue of $24.23 million for the quarter. Summit Financial Group had a return on equity of 13.43% and a net margin of 25.24%. View Summit Financial Group's Earnings History.

When is Summit Financial Group's next earnings date?

Summit Financial Group is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Summit Financial Group.

What is the consensus analysts' recommendation for 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.

Has Summit Financial Group been receiving favorable news coverage?

Press coverage about SMMF stock has trended very negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. 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 news sentiment score of -3.5 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Summit Financial Group.

Are investors shorting Summit Financial Group?

Summit Financial Group saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 52,500 shares, a decline of 12.9% from the January 15th total of 60,300 shares. Based on an average daily trading volume, of 10,700 shares, the short-interest ratio is presently 4.9 days. Currently, 0.5% of the shares of the company are sold short. View Summit Financial Group's Current Options Chain.

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 AT&T (T), Altria Group (MO), Royal Gold (RGLD), Visa (V), Verizon Communications (VZ), GDS (GDS), FedEx (FDX), Marathon Petroleum (MPC), Pfizer (PFE) and Philip Morris International (PM).

Who are Summit Financial Group's key executives?

Summit Financial Group's management team includes the folowing 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)

Who are Summit Financial Group's major shareholders?

Summit Financial Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (2.34%), Summit Financial Group Inc. (1.96%), State Street Corp (1.62%), Geode Capital Management LLC (0.99%), Verdence Capital Advisors LLC (0.71%) and Bank of New York Mellon Corp (0.53%). Company insiders that own Summit Financial Group stock include Charles Piccirillo, Dewey F Bensenhaver, Duke A Mcdaniel, Gary L Hinkle, Gerald W Huffman, H Charles Maddy III, Jason A Kitzmiller, Julie R Markwood, 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 institutional investors are selling Summit Financial Group stock?

SMMF stock was sold by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, Maryland Capital Management, LSV Asset Management and Russell Investments Group Ltd.. Company insiders that have sold Summit Financial Group company stock in the last year include Dewey F Bensenhaver, H Charles Maddy III, Julie R Markwood, Oscar M Bean, Patrick Frye, Robert S Tissue and Thomas J Hawse III. View Insider Buying and Selling for Summit Financial Group.

Which institutional investors are buying Summit Financial Group stock?

SMMF stock was acquired by a variety of institutional investors in the last quarter, including Summit Financial Group Inc., Verdence Capital Advisors LLC, Bank of New York Mellon Corp, Renaissance Technologies LLC, Zebra Capital Management LLC, Barclays PLC, NTV Asset Management LLC and State Street Corp. Company insiders that have bought Summit Financial Group stock in the last two years include Charles Piccirillo, Gary L Hinkle, Gerald W Huffman and Jason A Kitzmiller. View Insider Buying and Selling 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 $25.50.

How big of a company is Summit Financial Group?

Summit Financial Group has a market capitalization of $317.99 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. View Additional Information About Summit Financial Group.

What is Summit Financial Group's official website?

The official website for Summit Financial Group is http://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]

MarketBeat Community Rating for Summit Financial Group (NASDAQ SMMF)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  191 (Vote Outperform)
Underperform Votes:  214 (Vote Underperform)
Total Votes:  405
MarketBeat's community ratings are surveys of what our community members think about Summit Financial Group and other stocks. Vote "Outperform" if you believe SMMF will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SMMF will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/22/2020 by MarketBeat.com Staff

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