Summit Financial Group Stock Price, News & Analysis (NASDAQ:SMMF)

$27.18
+1.11 (+4.26 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$25.62
Now: $27.18
$27.18
50-Day Range
$23.91
MA: $25.29
$26.84
52-Week Range
$17.94
Now: $27.18
$27.47
Volume28,902 shs
Average Volume20,384 shs
Market Capitalization$346.35 million
P/E Ratio12.03
Dividend Yield2.30%
Beta0.98
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
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:SMMF
CUSIPN/A
Phone304-530-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$112.83 million
Cash Flow$2.9289 per share
Book Value$17.62 per share

Profitability

Net Income$28.07 million

Miscellaneous

EmployeesN/A
Market Cap$346.35 million
Next Earnings Date10/24/2019 (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 Friday, August 30th. Investors of record on Monday, September 16th will be given a dividend of $0.15 per share on Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, September 13th. View Summit Financial Group's Dividend History.

How were Summit Financial Group's earnings last quarter?

Summit Financial Group, Inc. (NASDAQ:SMMF) issued its quarterly earnings results on Thursday, July, 25th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.10. The bank earned $26.07 million during the quarter, compared to analysts' expectations of $23.68 million. Summit Financial Group had a net margin of 24.74% and a return on equity of 13.30%. 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, October 24th 2019. View Earnings Estimates for Summit Financial Group.

Has Summit Financial Group been receiving favorable news coverage?

News articles about SMMF stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Summit Financial Group earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Summit Financial Group.

Are investors shorting Summit Financial Group?

Summit Financial Group saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 86,400 shares, a drop of 57.1% from the July 31st total of 201,500 shares. Based on an average daily trading volume, of 19,100 shares, the short-interest ratio is presently 4.5 days. Currently, 0.8% 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), FedEx (FDX), Royal Gold (RGLD), Sibanye Gold (SBGL), Visa (V), Intuitive Surgical (ISRG), Alliance Data Systems (ADS), Anadarko Petroleum (APC), Citigroup (C) and Altria Group (MO).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (4.90%), Vanguard Group Inc. (3.90%), Renaissance Technologies LLC (2.16%), Pacific Ridge Capital Partners LLC (1.23%), Summit Financial Group Inc. (1.15%) and Northern Trust Corp (0.98%). 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 Cook, 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 Pacific Ridge Capital Partners LLC, River Oaks Capital LLC, LSV Asset Management, Summit Financial Group Inc., Prudential Financial Inc., Bank of New York Mellon Corp, JPMorgan Chase & Co. and BNP Paribas Arbitrage SA. Company insiders that have sold Summit Financial Group company stock in the last year include Dewey F Bensenhaver, Duke A Mcdaniel, H Charles Maddy III, Julie R Markwood, Oscar M Bean, Patrick Frye and Scott C Jennings. View Insider Buying and Selling for Summit Financial Group.

Which institutional investors are buying Summit Financial Group stock?

SMMF stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Bowling Portfolio Management LLC, Argent Capital Management LLC, Acadian Asset Management LLC, Municipal Employees Retirement System of Michigan, Renaissance Technologies LLC and First Trust Advisors LP. 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 $27.18.

How big of a company is Summit Financial Group?

Summit Financial Group has a market capitalization of $346.35 million and generates $112.83 million in revenue each year. The bank earns $28.07 million in net income (profit) each year or $2.26 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:  166 (Vote Outperform)
Underperform Votes:  185 (Vote Underperform)
Total Votes:  351
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 9/21/2019 by MarketBeat.com Staff

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