NASDAQ:SMMF Summit Financial Group (SMMF) Stock Forecast, Price & News $20.25 +1.14 (+5.97%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$19.19▼$20.2550-Day Range$17.60▼$21.4752-Week Range$17.06▼$30.83Volume17,404 shsAverage Volume23,985 shsMarket Capitalization$297.07 millionP/E Ratio4.74Dividend Yield3.95%Price Target$31.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Summit Financial Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside53.1% Upside$31.00 Price TargetShort InterestHealthy0.59% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$405,783 Bought Last QuarterProj. Earnings Growth5.13%From $3.90 to $4.10 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.94 out of 5 starsFinance Sector148th out of 874 stocksState Commercial Banks Industry51st out of 180 stocks 3.0 Analyst's Opinion Consensus RatingSummit Financial Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $31.00, Summit Financial Group has a forecasted upside of 53.1% from its current price of $20.25.Amount of Analyst CoverageSummit Financial Group has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.59% of the float of Summit Financial Group has been sold short.Short Interest Ratio / Days to CoverSummit Financial Group has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Summit Financial Group has recently increased by 19.87%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipSummit Financial Group is a leading dividend payer. It pays a dividend yield of 4.20%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSummit Financial Group has been increasing its dividend for 8 years.Dividend CoverageThe dividend payout ratio of Summit Financial Group is 18.74%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Summit Financial Group will have a dividend payout ratio of 19.51% next year. This indicates that Summit Financial Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SMMF. Previous Next 2.8 News and Social Media Coverage News SentimentSummit Financial Group has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Summit Financial Group this week, compared to 1 article on an average week.Search Interest6 people have searched for SMMF on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Financial Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $405,783.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders12.88% of the stock of Summit Financial Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 31.12% of the stock of Summit Financial Group is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Summit Financial Group are expected to grow by 5.13% in the coming year, from $3.90 to $4.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Financial Group is 4.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.37.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Financial Group is 4.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 164.03.Price to Book Value per Share RatioSummit Financial Group has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Summit Financial Group (NASDAQ:SMMF) StockSummit 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.Read More Receive SMMF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Financial Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SMMF Stock News HeadlinesMay 25, 2023 | msn.comSummit Financial declares $0.20 dividendMay 25, 2023 | finance.yahoo.comSummit Financial Group, Inc. Announces Q2 Common Dividend of $0.20 Per ShareJune 3, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 22, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Summit Financial Group (NASDAQ:SMMF)May 12, 2023 | finance.yahoo.comSummit to Participate in the D.A. Davidson 25th Annual Financial Institutions ConferenceMay 5, 2023 | americanbankingnews.comResearch Analysts Set Expectations for Summit Financial Group, Inc.'s Q2 2023 Earnings (NASDAQ:SMMF)May 3, 2023 | americanbankingnews.comJoseph Hager Acquires 3,000 Shares of Summit Financial Group, Inc. (NASDAQ:SMMF) StockApril 27, 2023 | finance.yahoo.comSummit Financial Group Reports First Quarter 2023 Earnings of $1.08 Per Share, Fueled by Continued Loan and Deposit Growth, and Improved Net Interest MarginJune 3, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>April 23, 2023 | americanbankingnews.comFinancial Survey: Summit Financial Group (NASDAQ:SMMF) vs. Southern Michigan Bancorp (OTCMKTS:SOMC)April 9, 2023 | finance.yahoo.comHere's Why Summit Financial Group (NASDAQ:SMMF) Has Caught The Eye Of InvestorsApril 6, 2023 | americanbankingnews.comReviewing Summit Financial Group (NASDAQ:SMMF) & ChoiceOne Financial Services (NASDAQ:COFS)March 27, 2023 | msn.com3 Financials The Insiders Are BuyingMarch 4, 2023 | msn.comSummit Financial Group (SMMF) Declares $0.20 DividendFebruary 27, 2023 | finance.yahoo.comInstitutions own 31% of Summit Financial Group, Inc. (NASDAQ:SMMF) shares but individual investors control 50% of the companyFebruary 24, 2023 | finance.yahoo.comSummit Financial Group, Inc. Announces Q1 Common Dividend of $0.20 per ShareJanuary 27, 2023 | finance.yahoo.comPSB HOLDING CORP. REPORTS 2022 RESULTSJanuary 26, 2023 | msn.comSummit Financial GAAP EPS of $1.16 misses by $0.03, revenue of $39.22M misses by $0.93MJanuary 26, 2023 | finance.yahoo.comSummit Financial Group Reports Record Q4 2022 EPS of $1.16 on Continued Strong Loan Growth Resulting in 19.5 Percent Annualized Increase in TBVPSJanuary 26, 2023 | finance.yahoo.comSummit Financial (SMMF) Misses Q4 Earnings and Revenue EstimatesJanuary 25, 2023 | technews.tmcnet.comSummit Bank Group Reports Record 2022 4th Quarter EarningsJanuary 24, 2023 | ft.comClimate graphic of the week: UN climate summit host progress ‘insufficient’, science group saysJanuary 23, 2023 | finance.yahoo.comInvestors in Summit Financial Group (NASDAQ:SMMF) have unfortunately lost 7.8% over the last yearJanuary 22, 2023 | msn.comSummit Ascent, Suntrust to settle P5.6 billion interest on Westside City bondsJanuary 12, 2023 | cbsnews.comBiden, López Obrador and Trudeau meet in Mexico City for summitJanuary 11, 2023 | financialpost.comEconomy, migration and drug gangs on agenda at North American leaders summitDecember 9, 2022 | finance.yahoo.comWhy You Might Be Interested In Summit Financial Group, Inc. (NASDAQ:SMMF) For Its Upcoming DividendSee More Headlines SMMF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SMMF Company Calendar Last Earnings10/28/2021Ex-Dividend for 3/31 Dividend3/14/2023Dividend Payable3/31/2023Today6/02/2023Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:SMMF CUSIPN/A CIK811808 Webwww.summitfgi.com Phone(304) 530-1000Fax304-538-7053Employees439Year FoundedN/APrice Target and Rating Average Stock Price Forecast$31.00 High Stock Price Forecast$31.00 Low Stock Price Forecast$31.00 Forecasted Upside/Downside+53.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$4.27 Trailing P/E Ratio4.74 Forward P/E Ratio5.19 P/E GrowthN/ANet Income$53.22 million Net Margins28.63% Pretax Margin36.04% Return on Equity16.60% Return on Assets1.43% Debt Debt-to-Equity Ratio0.35 Current Ratio0.91 Quick Ratio0.91 Sales & Book Value Annual Sales$176.90 million Price / Sales1.68 Cash Flow$5.14 per share Price / Cash Flow3.94 Book Value$24.18 per share Price / Book0.84Miscellaneous Outstanding Shares14,670,000Free Float12,780,000Market Cap$297.07 million OptionableNot Optionable Beta0.39 Key ExecutivesCharlie MaddyPresident, Chief Executive Officer & Vice ChairmanScott C. JenningsChief Operating Officer & Senior Vice PresidentRobert S. TissueChief Financial Officer & Executive Vice PresidentPatrick N. FryeChief Credit Administration & Executive VPBrad E. RitchieExecutive Vice PresidentKey CompetitorsWest BancorporationNASDAQ:WTBACitizens & NorthernNASDAQ:CZNCJohn Marshall BancorpNASDAQ:JMSBMacatawa BankNASDAQ:MCBCBank of Marin BancorpNASDAQ:BMRCView All CompetitorsInsiders & InstitutionsNew York State Common Retirement FundSold 4,500 shares on 5/18/2023Ownership: 0.035%State Street CorpBought 6,901 shares on 5/16/2023Ownership: 1.437%Geode Capital Management LLCBought 12,987 shares on 5/16/2023Ownership: 1.413%BHZ Capital Management LPSold 1,862 shares on 5/16/2023Ownership: 0.210%Susquehanna International Group LLPBought 10,700 shares on 5/16/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions 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 target prices for Summit Financial Group's shares. Their SMMF share price forecasts range from $31.00 to $31.00. On average, they expect the company's share price to reach $31.00 in the next year. This suggests a possible upside of 53.1% 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 on January 1st, 2023. Since then, SMMF shares have decreased by 18.6% and is now trading at $20.25. View the best growth stocks for 2023 here. Are investors shorting Summit Financial Group? Summit Financial Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 71,800 shares, an increase of 19.9% from the April 30th total of 59,900 shares. Based on an average daily trading volume, of 22,500 shares, the short-interest ratio is presently 3.2 days. Currently, 0.6% of the company's stock are sold short. View Summit Financial Group's Short Interest. When is Summit Financial Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our SMMF earnings forecast. How were Summit Financial Group's earnings last quarter? Summit Financial Group, Inc. (NASDAQ:SMMF) posted its earnings results on Thursday, October, 28th. The bank reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.09. The bank had revenue of $32.60 million for the quarter, compared to analyst estimates of $32.80 million. Summit Financial Group had a trailing twelve-month return on equity of 16.60% and a net margin of 28.63%. 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 25th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.20 per share on Friday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Wednesday, June 14th. Read our dividend analysis for SMMF. What ETFs hold Summit Financial Group's stock? ETFs with the largest weight of Summit Financial Group (NASDAQ:SMMF) stock in their portfolio include Janus Henderson Small Cap Growth Alpha ETF (JSML), 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 4.20%. SMMF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 18.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMMF will have a dividend payout ratio of 19.51% 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." Who are Summit Financial Group's major shareholders? Summit Financial Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.78%), Dimensional Fund Advisors LP (2.69%), Summit Financial Group Inc. (1.91%), Renaissance Technologies LLC (1.66%), State Street Corp (1.44%) and Geode Capital Management LLC (1.41%). Insiders that own company stock include Charles Piccirillo, Dewey F Bensenhaver, Gary L Hinkle, James M Cookman, Jason A Kitzmiller, Jill S Upson, Joseph Hager, 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 $20.25. How much money does Summit Financial Group make? Summit Financial Group (NASDAQ:SMMF) has a market capitalization of $297.07 million and generates $176.90 million in revenue each year. The bank earns $53.22 million in net income (profit) each year or $4.27 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 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Summit Financial Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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