QQQ   299.62 (+0.20%)
AAPL   119.05 (+2.11%)
MSFT   214.07 (-0.54%)
FB   276.97 (-0.30%)
GOOGL   1,754.40 (-1.83%)
AMZN   3,168.04 (-0.85%)
TSLA   567.60 (-3.10%)
NVDA   536.06 (+1.06%)
BABA   263.36 (-4.75%)
CGC   28.80 (-0.69%)
GE   10.18 (-2.12%)
MU   64.09 (-0.22%)
AMD   92.66 (+6.27%)
T   28.75 (-0.96%)
NIO   50.53 (-6.43%)
F   9.08 (-0.11%)
ACB   11.68 (+11.56%)
NFLX   490.70 (-0.13%)
BA   210.71 (-2.67%)
GILD   60.67 (+1.07%)
DIS   148.01 (+0.60%)
QQQ   299.62 (+0.20%)
AAPL   119.05 (+2.11%)
MSFT   214.07 (-0.54%)
FB   276.97 (-0.30%)
GOOGL   1,754.40 (-1.83%)
AMZN   3,168.04 (-0.85%)
TSLA   567.60 (-3.10%)
NVDA   536.06 (+1.06%)
BABA   263.36 (-4.75%)
CGC   28.80 (-0.69%)
GE   10.18 (-2.12%)
MU   64.09 (-0.22%)
AMD   92.66 (+6.27%)
T   28.75 (-0.96%)
NIO   50.53 (-6.43%)
F   9.08 (-0.11%)
ACB   11.68 (+11.56%)
NFLX   490.70 (-0.13%)
BA   210.71 (-2.67%)
GILD   60.67 (+1.07%)
DIS   148.01 (+0.60%)
QQQ   299.62 (+0.20%)
AAPL   119.05 (+2.11%)
MSFT   214.07 (-0.54%)
FB   276.97 (-0.30%)
GOOGL   1,754.40 (-1.83%)
AMZN   3,168.04 (-0.85%)
TSLA   567.60 (-3.10%)
NVDA   536.06 (+1.06%)
BABA   263.36 (-4.75%)
CGC   28.80 (-0.69%)
GE   10.18 (-2.12%)
MU   64.09 (-0.22%)
AMD   92.66 (+6.27%)
T   28.75 (-0.96%)
NIO   50.53 (-6.43%)
F   9.08 (-0.11%)
ACB   11.68 (+11.56%)
NFLX   490.70 (-0.13%)
BA   210.71 (-2.67%)
GILD   60.67 (+1.07%)
DIS   148.01 (+0.60%)
QQQ   299.62 (+0.20%)
AAPL   119.05 (+2.11%)
MSFT   214.07 (-0.54%)
FB   276.97 (-0.30%)
GOOGL   1,754.40 (-1.83%)
AMZN   3,168.04 (-0.85%)
TSLA   567.60 (-3.10%)
NVDA   536.06 (+1.06%)
BABA   263.36 (-4.75%)
CGC   28.80 (-0.69%)
GE   10.18 (-2.12%)
MU   64.09 (-0.22%)
AMD   92.66 (+6.27%)
T   28.75 (-0.96%)
NIO   50.53 (-6.43%)
F   9.08 (-0.11%)
ACB   11.68 (+11.56%)
NFLX   490.70 (-0.13%)
BA   210.71 (-2.67%)
GILD   60.67 (+1.07%)
DIS   148.01 (+0.60%)
Log in
NASDAQ:SMMF

Summit Financial Group Stock Forecast, Price & News

$20.94
-0.76 (-3.50 %)
(As of 11/30/2020 12:00 AM ET)
Add
Compare
Today's Range
$20.94
Now: $20.94
$22.27
50-Day Range
$16.15
MA: $18.97
$22.45
52-Week Range
$13.48
Now: $20.94
$27.83
Volume14,541 shs
Average Volume17,006 shs
Market Capitalization$271.84 million
P/E Ratio9.56
Dividend Yield3.13%
Beta0.41
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, Southern and North Central regions of West Virginia and the Northern, and Shenandoah Valley and Southwestern regions of Virginia. The company's 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. As of December 31, 2019, it operated through 32 banking offices. The company was founded in 1987 and is headquartered in Moorefield, West Virginia.
Summit Financial Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.34 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:SMMF
CUSIPN/A
Phone304-530-1000
Employees383

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$126.27 million
Cash Flow$3.89 per share
Book Value$19.86 per share

Profitability

Net Income$31.87 million

Miscellaneous

Market Cap$271.84 million
Next Earnings Date1/22/2021 (Estimated)
OptionableNot Optionable
$20.94
-0.76 (-3.50 %)
(As of 11/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive SMMF News and Ratings via Email

Sign-up to receive the latest news and ratings for SMMF and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Summit Financial Group (NASDAQ:SMMF) Frequently Asked Questions

How has Summit Financial Group's stock been impacted by COVID-19?

Summit Financial Group's stock was trading at $19.82 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SMMF shares have increased by 5.7% and is now trading at $20.94.
View which stocks have been most impacted by COVID-19
.

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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Summit Financial Group?

Wall Street analysts have given Summit Financial Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Summit Financial Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Summit Financial Group's next earnings date?

Summit Financial Group is scheduled to release its next quarterly earnings announcement on Friday, January 22nd 2021.
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 earnings results on Thursday, October, 22nd. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.41. Summit Financial Group had a net margin of 21.93% and a return on equity of 10.96%.
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, November 19th. Investors of record on Tuesday, December 15th will be given a dividend of $0.17 per share on Thursday, December 31st. This represents a $0.68 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Monday, December 14th.
View Summit Financial Group's dividend history
.

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 Co. & (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 57, Pay $765.52k)
  • Mr. Robert S. Tissue, Exec. VP & CFO (Age 57, Pay $418.65k)
  • Mr. Scott C. Jennings, Exec. VP & COO (Age 59, Pay $419.1k)
  • Mr. Patrick N. Frye, Exec. VP & Chief of Credit Admin. (Age 61, Pay $404.74k)
  • Mr. Bradford E. Ritchie, Sr. VP & Pres of Summit Community Bank (Age 52, Pay $442.25k)
  • Ms. Julie R. Markwood, Sr. VP & Chief Accounting Officer
  • Ms. Teresa D. Ely, Exec. Assistant to Pres & CEO and Director of Shareholder Relations
  • Ms. Danyl R. Freeman, Sr. VP & Chief HR Officer (Age 50)
  • Ms. Patricia L. Owens, Exec. VP & Chief Banking Officer
  • Ms. Lorraine L. Brisell, Market Pres

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (4.88%), Pinnacle Holdings LLC (0.71%), LSV Asset Management (0.40%), Wells Fargo & Company MN (0.24%), Charles Schwab Investment Management Inc. (0.21%) and California Public Employees Retirement System (0.20%). Company insiders that own Summit Financial Group stock include Charles Piccirillo, Dewey F Bensenhaver, Duke A Mcdaniel, Gary L Hinkle, H Charles Maddy III, Jason A Kitzmiller, John B Gianola, Julie R Markwood, Kyle E Almond, Oscar M Bean, Patrick Frye, Robert S Tissue and Thomas J Hawse III.
View institutional ownership trends for Summit Financial Group
.

Which major investors are selling Summit Financial Group stock?

SMMF stock was sold by a variety of institutional investors in the last quarter, including Pinnacle Holdings LLC, Wells Fargo & Company MN, Morgan Stanley, and Charles Schwab Investment Management Inc.. Company insiders that have sold Summit Financial Group company stock in the last year include Oscar M Bean, Robert S Tissue, and Thomas J Hawse III.
View insider buying and selling activity for Summit Financial Group
.

Which major investors are buying Summit Financial Group stock?

SMMF stock was acquired by a variety of institutional investors in the last quarter, including M&T Bank Corp, WINTON GROUP Ltd, LSV Asset Management, BlackRock Inc., BNP Paribas Arbitrage SA, Toth Financial Advisory Corp, California Public Employees Retirement System, and JPMorgan Chase & Co.. Company insiders that have bought Summit Financial Group stock in the last two years include Charles Piccirillo, Gary L Hinkle, Jason A Kitzmiller, John B Gianola, and Kyle E Almond.
View insider buying and selling activity 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 $20.94.

How big of a company is Summit Financial Group?

Summit Financial Group has a market capitalization of $271.84 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. Summit Financial Group employs 383 workers across the globe.

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 11/30/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.