NASDAQ:SMMF Summit Financial Group (SMMF) Stock Price, News & Analysis → A new way to collect income from stocks (From DTI) (Ad) Free SMMF Stock Alerts $27.60 +0.25 (+0.91%) (As of 10:43 AM ET) Add Compare Share Share Today's Range$27.60▼$27.6750-Day Range$25.03▼$28.2652-Week Range$17.06▼$31.49Volume572 shsAverage Volume24,499 shsMarket Capitalization$405.17 millionP/E Ratio7.23Dividend Yield3.19%Price Target$27.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Summit Financial Group alerts: Email Address Summit Financial Group MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside2.2% Downside$27.00 Price TargetShort InterestHealthy0.51% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.52Based on 4 Articles This WeekInsider TradingAcquiring Shares$22,920 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details 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.2.93 out of 5 starsFinance Sector515th out of 838 stocksState Commercial Banks Industry126th out of 177 stocks 1.0 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.Amount of Analyst CoverageSummit Financial Group has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.51% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Summit Financial Group has recently decreased by 24.39%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldSummit Financial Group pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSummit Financial Group has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of Summit Financial Group is 23.04%. 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 22.00% 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 3.1 News and Social Media Coverage News SentimentSummit Financial Group has a news sentiment score of 0.52. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Summit Financial Group this week, compared to 1 article on an average week.Search Interest1 people have searched for SMMF on MarketBeat in the last 30 days. MarketBeat Follows2 people have added Summit Financial Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $22,920.00 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 35.73% of the stock of Summit Financial Group is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Summit Financial Group are expected to remain at $4.00 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Financial Group is 7.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.17.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Financial Group is 7.23, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.38.Price to Book Value per Share RatioSummit Financial Group has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. 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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.Read More SMMF Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SMMF Stock News HeadlinesApril 3, 2024 | insidertrades.comSummit Financial Group, Inc. (NASDAQ:SMMF) Director James P. Geary II Purchases 896 SharesApril 23, 2024 | americanbankingnews.comStockNews.com Begins Coverage on Summit Financial Group (NASDAQ:SMMF)April 23, 2024 | Crypto 101 Media (Ad)SHOCKING Crypto Leak…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. April 19, 2024 | finance.yahoo.comBurke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Receipt of Regulatory Approvals and Closing Date for Merger of EqualsApril 17, 2024 | businesswire.comSummit Financial Enhances Open-Architecture Private Markets Offering, Supporting Advisors with Suite of High-Net-Worth ServicesApril 15, 2024 | americanbankingnews.comStockNews.com Initiates Coverage on Summit Financial Group (NASDAQ:SMMF)March 19, 2024 | finance.yahoo.comSMMF Oct 2024 25.000 putMarch 18, 2024 | seekingalpha.comSummit Midstream Partners: Potential For Strong Performance, If It Can SurviveApril 23, 2024 | Whats On Finance (Ad)Putin and other countries have a planDid you catch that bombshell Tucker Carlson interview with Vladimir Putin? It’s not about if you like Tucker or think Putin is the devil or whatever. It's all about the fact that the US dollar might be taking a back seat... and soon. February 23, 2024 | globenewswire.comSummit Financial Group, Inc. Announces Q1 2024 Common Dividend of $0.22 Per ShareFebruary 19, 2024 | finance.yahoo.comSMMF Mar 2024 30.000 callFebruary 8, 2024 | msn.comSummit Materials Stock Builds Up Relative Strength RatingJanuary 26, 2024 | finance.yahoo.comSummit Financial Group, Inc.'s (NASDAQ:SMMF) largest shareholders are individual investors with 53% ownership, institutions own 34%January 26, 2024 | finance.yahoo.comBurke & Herbert Financial Services Corp. Announces Fourth Quarter and Full Year 2023 Results and Declares Common Stock DividendJanuary 25, 2024 | finance.yahoo.comCORRECTION: Summit Financial Group Reports Earnings of $1.11 Per Share for Fourth Quarter 2023January 25, 2024 | finance.yahoo.comSummit Financial Group Inc Reports Steady Growth Amidst Strategic ExpansionDecember 6, 2023 | finance.yahoo.comBurke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Receipt of Shareholder Approval for MergerNovember 28, 2023 | msn.comSummit Financial declares $0.22 dividendNovember 28, 2023 | finance.yahoo.comSummit Financial Group, Inc. Announces Q4 Common Dividend of $0.22 Per ShareNovember 7, 2023 | markets.businessinsider.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates JVA, SMMF, SCUOctober 27, 2023 | finance.yahoo.comSummit Financial Group Inc (SMMF) Reports Q3 2023 Earnings of $1.09 Per ShareOctober 27, 2023 | finance.yahoo.comBurke & Herbert Financial Services Corp. Announces Third Quarter 2023 Results and Declares Common Stock DividendOctober 26, 2023 | finanznachrichten.deSummit Financial Group, Inc.: Summit Financial Group Reports Earnings of $1.09 Per Share for Third Quarter 2023October 26, 2023 | finance.yahoo.comSummit Financial Group Reports Earnings of $1.09 Per Share for Third Quarter 2023October 21, 2023 | seekingalpha.comSMMF Summit Financial Group, Inc.October 18, 2023 | markets.businessinsider.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMMF, RPT, AGESeptember 22, 2023 | finance.yahoo.comIndependent Director of Summit Financial Group Picks Up 2.8% More StockSee More Headlines 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 Company Calendar Last Earnings1/25/2024Ex-Dividend for 3/29 Dividend3/14/2024Dividend Payable3/29/2024Today4/23/2024Next Earnings (Estimated)4/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryN/A Current SymbolNASDAQ:SMMF CUSIPN/A CIK811808 Webwww.summitfgi.com Phone(304) 530-1000Fax304-538-7053Employees496Year FoundedN/APrice Target and Rating Average Stock Price Target$27.00 High Stock Price Target$27.00 Low Stock Price Target$27.00 Potential Upside/Downside-1.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.82 Trailing P/E Ratio7.16 Forward P/E Ratio6.84 P/E GrowthN/ANet Income$55.24 million Net Margins20.97% Pretax Margin26.73% Return on Equity13.99% Return on Assets1.24% Debt Debt-to-Equity Ratio0.29 Current Ratio0.92 Quick Ratio0.92 Sales & Book Value Annual Sales$263.42 million Price / Sales1.52 Cash Flow$4.09 per share Price / Cash Flow6.69 Book Value$28.98 per share Price / Book0.94Miscellaneous Outstanding Shares14,680,000Free Float12,793,000Market Cap$401.50 million OptionableOptionable Beta0.38 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. H. Charles Maddy III (Age 61)Vice Chairman, President & CEO Comp: $938.32kMr. Robert S. Tissue (Age 61)Executive VP & CFO Comp: $533.02kMr. Scott C. Jennings (Age 63)Executive VP & COO Comp: $533.16kMr. Patrick N. Frye (Age 65)Executive VP & Chief of Credit Administration Comp: $485.81kMr. Bradford E. Ritchie (Age 56)Executive VP & President of Summit Community Bank Comp: $593.06kMs. Julie R. Markwood (Age 41)Executive VP & Chief Accounting Officer Ms. Teresa D. ElyCompany Secretary, Executive Assistant to President & CEO and Director of Shareholder RelationsMs. Danyl R. Freeman (Age 54)Executive VP & Chief Human Resources Officer Angela R. ZirkExecutive VP & Chief Experience OfficerMs. Lauren N. KimlelExecutive VP & Chief Banking OfficerMore ExecutivesKey CompetitorsFive Star BancorpNASDAQ:FSBCMetropolitan BankNYSE:MCBFirst FoundationNASDAQ:FFWMCNB FinancialNASDAQ:CCNEWashington Trust BancorpNASDAQ:WASHView All CompetitorsInsiders & InstitutionsFolger Nolan Fleming Douglas Capital Management Inc.Sold 797 shares on 4/12/2024Ownership: 0.074%Summit Financial Group Inc.Bought 9,923 shares on 4/5/2024Ownership: 1.494%James P Geary IIBought 896 shares on 3/19/2024Total: $22,919.68 ($25.58/share)Virtu Financial LLCBought 12,513 shares on 2/26/2024Ownership: 0.085%Trexquant Investment LPBought 8,595 shares on 2/9/2024Ownership: 0.059%View All Insider TransactionsView 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 brokerages have issued 1-year price objectives for Summit Financial Group's shares. Their SMMF share price targets range from $27.00 to $27.00. On average, they expect the company's share price to reach $27.00 in the next year. This suggests that the stock has a possible downside of 2.2%. 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 beginning of 2024. Since then, SMMF shares have decreased by 10.1% and is now trading at $27.60. View the best growth stocks for 2024 here. Are investors shorting Summit Financial Group? Summit Financial Group saw a drop in short interest during 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 presently 2.6 days. Currently, 0.5% of the shares of the company are short sold. 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) released its quarterly earnings results on Thursday, January, 25th. The bank reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. The bank earned $72.32 million during the quarter. Summit Financial Group had a net margin of 20.97% and a trailing twelve-month return on equity of 13.99%. 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 23rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.22 per share on Friday, March 29th. This represents a $0.88 annualized dividend and a dividend yield of 3.19%. The ex-dividend date 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 3.24%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. 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 number 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. 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