NASDAQ:SMMF Summit Financial Group (SMMF) Stock Price, News & Analysis → Urgent dollar warning (From Stansberry Research) (Ad) Free SMMF Stock Alerts $25.70 -0.66 (-2.50%) (As of 05/2/2024 ET) Add Compare Share Share Today's Range$25.36▼$26.4250-Day Range$25.03▼$27.7252-Week Range$17.06▼$31.49Volume278,193 shsAverage Volume27,320 shsMarket Capitalization$377.28 millionP/E Ratio6.62Dividend Yield3.42%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/Downside4.6% Upside$27.00 Price TargetShort InterestHealthy0.52% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.80Based 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.2.37 out of 5 starsFinance Sector612th out of 855 stocksState Commercial Banks Industry151st out of 178 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 3.0 Short Interest Percentage of Shares Shorted0.52% 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 increased by 2.10%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend YieldSummit Financial Group pays a meaningful dividend of 3.32%, 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 22.68%. 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 3.2 News and Social Media Coverage News SentimentSummit Financial Group has a news sentiment score of 0.80. 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 0.46 average news sentiment score 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.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 6.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Financial Group is 6.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.85.Price to Book Value per Share RatioSummit Financial Group has a P/B Ratio of 0.89. 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 Ad Paradigm PressBiden out June 13; Kamala won’t replace him?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.See who it is HERE. 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.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 28, 2024 | msn.comFinalists unveiled: Sustainable Finance Summit 2024May 2, 2024 | Porter & Company (Ad)The biggest energy story ever? Discover why I’m calling this one of the biggest developments in the global energy market since the shale revolution… why everything you’ve ever been told about Trump’s environmental record is a lie…April 26, 2024 | prnewswire.comBurke & Herbert Financial Services Corp. Announces First Quarter 2024 Results and Declares Common Stock DividendApril 25, 2024 | finance.yahoo.comSummit Financial Group Inc (SMMF) Reports Strong First Quarter 2024 Earnings, Surpassing ...April 25, 2024 | globenewswire.comSummit Financial Group Reports First Quarter 2024 Earnings of $1.14 Per ShareApril 23, 2024 | americanbankingnews.comStockNews.com Begins Coverage on Summit Financial Group (NASDAQ:SMMF)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 EqualsMay 2, 2024 | Porter & Company (Ad)The biggest energy story ever? Discover why I’m calling this one of the biggest developments in the global energy market since the shale revolution… why everything you’ve ever been told about Trump’s environmental record is a lie…April 17, 2024 | businesswire.comSummit Financial Enhances Open-Architecture Private Markets Offering, Supporting Advisors with Suite of High-Net-Worth ServicesMarch 19, 2024 | finance.yahoo.comSMMF Oct 2024 25.000 putMarch 18, 2024 | seekingalpha.comSummit Midstream Partners: Potential For Strong Performance, If It Can SurviveFebruary 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 2023See 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 Payable3/29/2024Today5/02/2024Next Earnings (Estimated)7/25/2024Fiscal 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+2.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.88 Trailing P/E Ratio6.80 Forward P/E Ratio6.60 P/E GrowthN/ANet Income$55.24 million Net Margins20.84% Pretax Margin26.73% Return on Equity14.25% Return on Assets1.27% Debt Debt-to-Equity Ratio0.29 Current Ratio0.92 Quick Ratio0.92 Sales & Book Value Annual Sales$263.42 million Price / Sales1.47 Cash Flow$4.06 per share Price / Cash Flow6.51 Book Value$28.98 per share Price / Book0.91Miscellaneous Outstanding Shares14,680,000Free Float12,793,000Market Cap$387.55 million OptionableOptionable Beta0.39 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part 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 CompetitorsCNB FinancialNASDAQ:CCNEFive Star BancorpNASDAQ:FSBCCapStar FinancialNASDAQ:CSTRSouth Plains FinancialNASDAQ:SPFIFirst FinancialNASDAQ:THFFView All CompetitorsInsiders & InstitutionsBNP Paribas Financial MarketsSold 6,863 shares on 5/1/2024Ownership: 0.043%Folger 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%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 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 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 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 a possible upside of 4.6% 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 2024? Summit Financial Group's stock was trading at $30.69 at the beginning of 2024. Since then, SMMF shares have decreased by 15.9% and is now trading at $25.82. View the best growth stocks for 2024 here. Are investors shorting Summit Financial Group? Summit Financial Group saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 62,000 shares, a decrease of 24.4% from the March 15th total of 82,000 shares. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 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, July 25th 2024. View our SMMF earnings forecast. How were Summit Financial Group's earnings last quarter? Summit Financial Group, Inc. (NASDAQ:SMMF) released its earnings results on Thursday, January, 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.01. The bank had revenue of $72.32 million for the quarter. Summit Financial Group had a trailing twelve-month return on equity of 14.25% and a net margin of 20.84%. 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. Investors 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 3.41%. 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 3.32%. 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 22.68%. 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 many different institutional and retail investors. Top institutional shareholders include Summit Financial Group Inc. (1.49%), Folger Nolan Fleming Douglas Capital Management Inc. (0.07%) and BNP Paribas Financial Markets (0.04%). 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 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 5/2/2024 by MarketBeat.com Staff From Our PartnersUrgent Nvidia WarningAltimetryBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingYour bank is lying to you.MyBankTrackerA.I. is a Tidal Wave - Here’s What to BuyChaikin AnalyticsA once-in-a-century investment opportunityStansberry ResearchTrump just won 2024Porter & Company 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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