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NASDAQ:SMMF

Summit Financial Group - SMMF Stock Forecast, Price & News

$21.40
+0.01 (+0.05%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$21.26
$21.58
50-Day Range
$20.82
$26.88
52-Week Range
$20.55
$30.83
Volume
13,861 shs
Average Volume
25,801 shs
Market Capitalization
$273.58 million
P/E Ratio
5.23
Dividend Yield
3.74%
Price Target
$31.00

Summit Financial Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
44.9% Upside
$31.00 Price Target
Short Interest
Bearish
2.43% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of Summit Financial Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$515,253 Bought Last Quarter
Proj. Earnings Growth
1.92%
From $4.16 to $4.24 Per Share

Overall MarketRank

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

2.83 out of 5 stars

Finance Sector

233rd out of 891 stocks

State Commercial Banks Industry

67th out of 188 stocks


SMMF stock logo

About Summit Financial Group (NASDAQ:SMMF) Stock

Summit 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.

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SMMF Stock News Headlines

3 Financials The Insiders Are Buying  (SMMF)
3 Financials The Insiders Are Buying
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
PSB HOLDING CORP. REPORTS 2022 RESULTS
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Summit Bank Group Reports Record 2022 4th Quarter Earnings
Summit Financial (SMMF) Q3 Earnings Lag Estimates
Red Summit Partners Closes 6th Texas Acquisition
See More Headlines
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SMMF Company Calendar

Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Last Earnings
1/26/2023
Ex-Dividend for 3/31 Dividend
3/14/2023
Today
3/28/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

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
$31.00
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+44.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$53.22 million
Pretax Margin
38.05%

Debt

Sales & Book Value

Annual Sales
$144.21 million
Cash Flow
$4.93 per share
Book Value
$26.57 per share

Miscellaneous

Free Float
11,058,000
Market Cap
$273.58 million
Optionable
Not Optionable
Beta
0.41

Key Executives

  • Charlie Maddy
    President, Chief Executive Officer & Vice Chairman
  • Scott C. Jennings
    Chief Operating Officer & Senior Vice President
  • Robert S. Tissue
    Chief Financial Officer & Executive Vice President
  • Patrick N. Frye
    Chief-Credit Administration & Executive VP
  • Brad E. Ritchie
    Executive Vice President













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 year. 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 analysts have issued twelve-month price targets 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 year. 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 the year. Since then, SMMF stock has decreased by 14.0% and is now trading at $21.40.
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) released its earnings results on Thursday, January, 26th. The bank reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by $0.03. The bank earned $39.22 million during the quarter, compared to the consensus estimate of $39.50 million. Summit Financial Group had a trailing twelve-month return on equity of 16.36% and a net margin of 30.08%.

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 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 annualized dividend and a 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 number of institutional and retail 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 $21.40.

How much money does Summit Financial Group make?

Summit Financial Group (NASDAQ:SMMF) has a market capitalization of $273.58 million and generates $144.21 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 3/28/2023 by MarketBeat.com Staff