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 target for 2024?

1 analysts have issued twelve-month price targets for Summit Financial Group's shares. Their SMMF share price targets range from $27.00 to $27.00. On average, they anticipate the company's stock price to reach $27.00 in the next year. This suggests that the stock has a possible downside of 0.7%. View analysts price targets for SMMF or view top-rated stocks among Wall Street analysts .

How have SMMF shares performed in 2024?

Summit Financial Group's stock was trading at $30.69 at the start of the year. Since then, SMMF shares have decreased by 11.4% and is now trading at $27.20. View the best growth stocks for 2024 here .

Are investors shorting Summit Financial Group?

Summit Financial Group saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 62,000 shares, a drop of 24.4% from the March 15th total of 82,000 shares. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.5% of the shares of the 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, April 25th 2024. View our SMMF earnings forecast .

How were Summit Financial Group's earnings last quarter?

Summit Financial Group, Inc. (NASDAQ:SMMF) posted its quarterly earnings data on Thursday, January, 25th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. The bank earned $72.32 million during the quarter. Summit Financial Group had a trailing twelve-month return on equity of 13.99% and a net margin of 20.97%.

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 Friday, February 23rd. Shareholders of record on Friday, March 15th will be paid a dividend of $0.22 per share on Friday, March 29th. This represents a $0.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, 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 $0.88 per share and currently has a dividend yield of 3.49%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMMF will have a dividend payout ratio of 22.00% 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) .

Who are Summit Financial Group's major shareholders?

Summit Financial Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Summit Financial Group Inc. (1.49%) and Folger Nolan Fleming Douglas Capital Management Inc. (0.07%). Insiders that own company stock include Charles Piccirillo, Dewey F Bensenhaver, Gary L Hinkle, James M Cookman, James P Geary II, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SMMF

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

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$27.20

+2.12 (+8.45%)

(As of 04/19/2024 ET)

Compare

Today's Range: $25.50
▼
$27.37
50-Day Range: $25.03
▼
$28.47
52-Week Range: $17.06
▼
$31.49

Volume: 42,981 shs
Average Volume: 24,791 shs
Market Capitalization: $399.40 million

P/E Ratio: 7.12
Dividend Yield: 3.24%
Price Target: $27.00

Get Summit Financial Group alerts:

Summit Financial Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 0.7% Downside
$27.00 Price Target
Short Interest: Healthy
0.51% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.83
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$22,920 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.86 out of 5 stars

Finance Sector

494th out of 845 stocks

State Commercial Banks Industry

120th out of 175 stocks

1.0

Analyst's Opinion

Consensus Rating
Summit 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.
Amount of Analyst Coverage
Summit Financial Group has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.51% of the float of Summit Financial Group has been sold short.
Short Interest Ratio / Days to Cover
Summit Financial Group has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Summit Financial Group has recently decreased by 24.39%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Summit Financial Group pays a meaningful dividend of 3.49%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Summit Financial Group has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Summit Financial Group is 23.04%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Summit Financial Group will have a dividend payout ratio of 22.00% next year. This indicates that Summit Financial Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SMMF.

3.8

News and Social Media Coverage

News Sentiment
Summit Financial Group has a news sentiment score of 0.83. 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 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Summit Financial Group this week, compared to 1 article on an average week.
Search Interest
1 people have searched for SMMF on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Summit Financial Group to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Summit Financial Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $22,920.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
12.88% 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 Institutions
Only 35.73% of the stock of Summit Financial Group is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Summit Financial Group are expected to remain at $4.00 per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Summit Financial Group is 7.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Summit Financial Group is 7.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.58.
Price to Book Value per Share Ratio
Summit Financial Group has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Summit Financial Group Stock (NASDAQ:SMMF)

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, Shenandoah Valley, and Southwestern regions of Virginia, and the Central region of Kentucky. Its 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, cash management, and insurance services. Summit Financial Group, Inc. was incorporated in 1987 and is headquartered in Moorefield, West Virginia.

SMMF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SMMF Stock News Headlines

April 3, 2024 | insidertrades.com

Summit Financial Group, Inc. (NASDAQ:SMMF) Director James P. Geary II Purchases 896 Shares

April 19, 2024 | finance.yahoo.com

Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Receipt of Regulatory Approvals and Closing Date for Merger of Equals

April 19, 2024 | InvestorPlace (Ad)

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April 17, 2024 | businesswire.com

Summit Financial Enhances Open-Architecture Private Markets Offering, Supporting Advisors with Suite of High-Net-Worth Services

April 15, 2024 | americanbankingnews.com

StockNews.com Initiates Coverage on Summit Financial Group (NASDAQ:SMMF)

March 19, 2024 | finance.yahoo.com

SMMF Oct 2024 25.000 put

March 18, 2024 | seekingalpha.com

Summit Midstream Partners: Potential For Strong Performance, If It Can Survive

February 23, 2024 | globenewswire.com

Summit Financial Group, Inc. Announces Q1 2024 Common Dividend of $0.22 Per Share

April 19, 2024 | InvestorPlace (Ad)

The #1 Crypto for 2024

February 19, 2024 | finance.yahoo.com

SMMF Mar 2024 30.000 call

February 8, 2024 | msn.com

Summit Materials Stock Builds Up Relative Strength Rating

January 26, 2024 | finance.yahoo.com

Summit Financial Group, Inc.'s (NASDAQ:SMMF) largest shareholders are individual investors with 53% ownership, institutions own 34%

January 26, 2024 | finance.yahoo.com

Burke & Herbert Financial Services Corp. Announces Fourth Quarter and Full Year 2023 Results and Declares Common Stock Dividend

January 25, 2024 | finance.yahoo.com

CORRECTION: Summit Financial Group Reports Earnings of $1.11 Per Share for Fourth Quarter 2023

January 25, 2024 | finance.yahoo.com

Summit Financial Group Inc Reports Steady Growth Amidst Strategic Expansion

December 6, 2023 | finance.yahoo.com

Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Receipt of Shareholder Approval for Merger

November 28, 2023 | msn.com

Summit Financial declares $0.22 dividend

November 28, 2023 | finance.yahoo.com

Summit Financial Group, Inc. Announces Q4 Common Dividend of $0.22 Per Share

November 7, 2023 | markets.businessinsider.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates JVA, SMMF, SCU

October 27, 2023 | finance.yahoo.com

Summit Financial Group Inc (SMMF) Reports Q3 2023 Earnings of $1.09 Per Share

October 27, 2023 | finance.yahoo.com

Burke & Herbert Financial Services Corp. Announces Third Quarter 2023 Results and Declares Common Stock Dividend

October 26, 2023 | finanznachrichten.de

Summit Financial Group, Inc.: Summit Financial Group Reports Earnings of $1.09 Per Share for Third Quarter 2023

October 26, 2023 | finance.yahoo.com

Summit Financial Group Reports Earnings of $1.09 Per Share for Third Quarter 2023

October 21, 2023 | seekingalpha.com

SMMF Summit Financial Group, Inc.

October 18, 2023 | markets.businessinsider.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMMF, RPT, AGE

September 22, 2023 | finance.yahoo.com

Independent Director of Summit Financial Group Picks Up 2.8% More Stock

September 19, 2023 | markets.businessinsider.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ESTE, SMMF, RPT, THRN

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 3/29 Dividend: 3/14/2024
Dividend Payable: 3/29/2024
Today: 4/19/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:SMMF
CUSIP: N/A
CIK: 811808
Web: www.summitfgi.com
Phone: (304) 530-1000
Fax: 304-538-7053
Employees: 496
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $27.00
High Stock Price Target: $27.00
Low Stock Price Target: $27.00
Potential Upside/Downside: -0.7%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.82
Trailing P/E Ratio: 7.12
Forward P/E Ratio: 6.80
P/E Growth: N/A
Net Income: $55.24 million
Net Margins: 20.97%
Pretax Margin: 26.73%
Return on Equity: 13.99%
Return on Assets: 1.24%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 0.92
Quick Ratio: 0.92

Sales & Book Value

Annual Sales: $174.02 million
Price / Sales: 2.30
Cash Flow: $4.42 per share
Price / Cash Flow: 6.16
Book Value: $28.98 per share
Price / Book: 0.94

Miscellaneous

Outstanding Shares: 14,684,000
Free Float: 12,793,000
Market Cap: $399.40 million
Optionable: Optionable
Beta: 0.38

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Key Executives

Mr. H. Charles Maddy III (Age 61)
Vice Chairman, President & CEO
Comp: $938.32k
Mr. Robert S. Tissue (Age 61)
Executive VP & CFO
Comp: $533.02k
Mr. Scott C. Jennings (Age 63)
Executive VP & COO
Comp: $533.16k
Mr. Patrick N. Frye (Age 65)
Executive VP & Chief of Credit Administration
Comp: $485.81k
Mr. Bradford E. Ritchie (Age 56)
Executive VP & President of Summit Community Bank
Comp: $593.06k
Ms. Julie R. Markwood (Age 41)
Executive VP & Chief Accounting Officer
Ms. Teresa D. Ely
Company Secretary, Executive Assistant to President & CEO and Director of Shareholder Relations
Ms. Danyl R. Freeman (Age 54)
Executive VP & Chief Human Resources Officer
Angela R. Zirk
Executive VP & Chief Experience Officer
Ms. Lauren N. Kimlel
Executive VP & Chief Banking Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SMMF Stock Analysis - 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 target for 2024?: 1 analysts have issued twelve-month price targets for Summit Financial Group's shares. Their SMMF share price targets range from $27.00 to $27.00. On average, they anticipate the company's stock price to reach $27.00 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for SMMF or view top-rated stocks among Wall Street analysts.
How have SMMF shares performed in 2024?: Summit Financial Group's stock was trading at $30.69 at the start of the year. Since then, SMMF shares have decreased by 11.4% and is now trading at $27.20.
View the best growth stocks for 2024 here.
Are investors shorting Summit Financial Group?: Summit Financial Group saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 62,000 shares, a drop of 24.4% from the March 15th total of 82,000 shares. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.5% of the shares of the 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, April 25th 2024.
View our SMMF earnings forecast.
How were Summit Financial Group's earnings last quarter?: Summit Financial Group, Inc. (NASDAQ:SMMF) posted its quarterly earnings data on Thursday, January, 25th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. The bank earned $72.32 million during the quarter. Summit Financial Group had a trailing twelve-month return on equity of 13.99% and a net margin of 20.97%.

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 Friday, February 23rd. Shareholders of record on Friday, March 15th will be paid a dividend of $0.22 per share on Friday, March 29th. This represents a $0.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, 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 $0.88 per share and currently has a dividend yield of 3.49%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMMF will have a dividend payout ratio of 22.00% 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).
Who are Summit Financial Group's major shareholders?: Summit Financial Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Summit Financial Group Inc. (1.49%) and Folger Nolan Fleming Douglas Capital Management Inc. (0.07%). Insiders that own company stock include Charles Piccirillo, Dewey F Bensenhaver, Gary L Hinkle, James M Cookman, James P Geary II, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SMMF) was last updated on 4/19/2024 by MarketBeat.com Staff

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

Summit Financial Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Summit Financial Group Stock (NASDAQ:SMMF)

SMMF Stock Price History

SMMF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SMMF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™