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Summit Financial Group, Inc. (SMMF)

Stock Price: $22.46 USD -0.18 (-0.80%)
Updated Jul 26, 2021 4:00 PM EDT - Market closed
Market Cap 290.65M
Revenue (ttm) 110.10M
Net Income (ttm) 37.18M
Shares Out 12.99M
EPS (ttm) 2.86
PE Ratio 7.85
Forward PE n/a
Dividend $0.68
Dividend Yield 3.03%
Trading Day July 26
Last Price $22.46
Previous Close $22.64
Change ($) -0.18
Change (%) -0.80%
Day's Open 22.69
Day's Range 22.14 - 22.77
Day's Volume 11,585
52-Week Range 13.85 - 27.20

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MOOREFIELD, W.Va., July 12, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today reported that its wholly-owned subsidiary, Summit Community Bank, Inc., has completed it...

2 weeks ago - GlobeNewsWire

MOOREFIELD, W.Va., May 28, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a second quarter 2021 dividend of $0.1...

1 month ago - GlobeNewsWire

Is Summit Financial Group (SMMF) a great pick from the value investor's perspective right now? Read on to know more.

2 months ago - Zacks Investment Research

PARSIPPANY, N.J.--(BUSINESS WIRE)--Summit Financial Holdings (“Summit”), a prominent financial services firm for top independent and breakaway advisors, is expanding its reach to Michigan with the launc...

2 months ago - Business Wire

FAIRMONT, W.Va., April 23, 2021 (GLOBE NEWSWIRE) -- MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB” “MVB Financial”) (NASDAQ: MVBF), announced today the signing of a definitive a...

3 months ago - GlobeNewsWire

Summit Financial (SMMF) delivered earnings and revenue surprises of -6.98% and -0.55%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Shares of Summit Financial Group (NASDAQ:SMMF) moved higher by 2.5% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 128.57% over the past year t...

3 months ago - Benzinga

Q1 2021 Diluted EPS $0.80 compared to $0.79 for Q4 2020 and $0.35 for Q1 2020 Q1 2021 Diluted EPS $0.80 compared to $0.79 for Q4 2020 and $0.35 for Q1 2020

3 months ago - GlobeNewsWire

Top Ranked Value Stocks to Buy for April 5th

Other stocks mentioned: CCS, STC, TRTN
3 months ago - Zacks Investment Research

Summit Financial (SMMF) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price incre...

4 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for March 4th

Other stocks mentioned: BCBP, CAC, IVZ
4 months ago - Zacks Investment Research

MOOREFIELD, W.Va., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a first quarter 2021 dividend of $0.1...

5 months ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for February 23rd

Other stocks mentioned: ALX, UVSP, WTBA
5 months ago - Zacks Investment Research

Top Ranked Value Stocks to Buy for February 12th

Other stocks mentioned: NAVI, PAGP, RDN
5 months ago - Zacks Investment Research

Summit Financial Group (SMMF) has been struggling lately, but the selling pressure may be coming to an end soon.

5 months ago - Zacks Investment Research

Summit Financial (SMMF) delivered earnings and revenue surprises of 46.30% and 8.79%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Shares of Summit Financial Group (NASDAQ:SMMF) fell 0.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 21.54% year over year to $0.79, which...

5 months ago - Benzinga

Q4 2020 Diluted EPS $0.79 compared to $0.74 for Q3 2020 and $0.65 for Q4 2019 Q4 2020 Diluted EPS $0.79 compared to $0.74 for Q3 2020 and $0.65 for Q4 2019

5 months ago - GlobeNewsWire

Summit Financial (SMMF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research

Summit Financial (SMMF) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

6 months ago - Zacks Investment Research

MOOREFIELD, W.V., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces completion, effective December 15, 2020, of the acquisition by its subsidiary Summit ...

7 months ago - GlobeNewsWire

At Insider Monkey, we pore over the filings of nearly 817 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives u...

7 months ago - Insider Monkey

MOOREFIELD, W.V., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a fourth quarter 2020 dividend of $0.1...

8 months ago - GlobeNewsWire

MOOREFIELD, W.V., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company”) (NASDAQ: SMMF) today announced that H. Charles Maddy, III, President and Chief Executive Officer and Robert S...

8 months ago - GlobeNewsWire

Summit (SMMF) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

8 months ago - Zacks Investment Research

Summit Financial (SMMF) delivered earnings and revenue surprises of 124.24% and 12.63%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

Q3 2020 Diluted EPS $0.74 compared to $0.54 for Q2 2020 and $0.65 for Q3 2019 Q3 2020 Diluted EPS $0.74 compared to $0.54 for Q2 2020 and $0.65 for Q3 2019

9 months ago - GlobeNewsWire

Summit Financial (SMMF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

Summit Financial (SMMF) continues its expansion activities for the year with the acquisition of WinFirst.

Other stocks mentioned: MVBF
9 months ago - Zacks Investment Research

Summit Enters Kentucky Market; 100% Cash Consideration Summit Enters Kentucky Market; 100% Cash Consideration

9 months ago - GlobeNewsWire

MOOREFIELD, W. Va., Sept. 23, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today announced the completion of a private placement of $30 million of its 5...

10 months ago - GlobeNewsWire

MOOREFIELD, W. Va., Sept. 15, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company”) (NASDAQ: SMMF) today announced that Robert S. Tissue, Executive Vice President and Chief Financial Offic...

10 months ago - GlobeNewsWire

MOOREFIELD, W.Va., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a third quarter 2020 dividend of $0...

10 months ago - GlobeNewsWire

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

11 months ago - Zacks Investment Research

Q2 2020 Diluted EPS $0.54 compared to $0.35 for Q1 2020 and $0.68 for Q2 2019 Q2 2020 Diluted EPS $0.54 compared to $0.35 for Q1 2020 and $0.68 for Q2 2019

11 months ago - GlobeNewsWire

Summit Financial (SMMF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

Bank's loan forbearances and deferred payments due to the pandemic have stretched the credit cycle beyond the second quarter. So, the impact of defaults, if any, won't show on Q2 results much.

Other stocks mentioned: CIVB, PFBC, STBA, STT
1 year ago - Zacks Investment Research

Let's see if Summit Financial (SMMF) stock is a good choice for value-oriented investors right now from multiple angles.

1 year ago - Zacks Investment Research

MOOREFIELD, W.Va., May 21, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a second quarter 2020 dividend of $0...

1 year ago - GlobeNewsWire

Summit Financial (SMMF) delivered earnings and revenue surprises of -18.60% and 3.37%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

MOOREFIELD, W.Va., April 24, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today reported that its wholly-owned subsidiary, Summit Community Bank, Inc. has completed ...

1 year ago - GlobeNewsWire

Summit Financial (SMMF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

MOOREFIELD, W.Va., Feb. 28, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently approved a stock repurchase program of up to...

1 year ago - GlobeNewsWire

MOOREFIELD, W.Va., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a first quarter 2020 dividend of $0...

1 year ago - GlobeNewsWire

MOOREFIELD, W.Va., Jan. 02, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces completion, effective January 1, 2020, of the acquisition by its subsidiary Summit...

1 year ago - GlobeNewsWire

FAIRMONT, W.Va., Nov. 22, 2019 (GLOBE NEWSWIRE) -- MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB” “MVB Financial”) (NASDAQ: MVBF), announced today the signing of a definitive ...

1 year ago - GlobeNewsWire

MOOREFIELD, W.Va., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a fourth quarter 2019 dividend of $...

1 year ago - GlobeNewsWire

MOOREFIELD, W. Va., Nov. 15, 2019 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today announced that H. Charles Maddy, III, President and Chief Executive Offi...

1 year ago - GlobeNewsWire

Is Summit Financial (SMMF) a great pick from the value investor's perspective right now? Read on to know more.

1 year ago - Zacks Investment Research

Q3 2019 Diluted EPS $0.65 compared to $0.68 for Q2 2019 and $0.55 for Q3 2018 Q3 2019 Diluted EPS $0.65 compared to $0.68 for Q2 2019 and $0.55 for Q3 2018

1 year ago - GlobeNewsWire

About 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, and Shenandoah Valley and Southwestern regions of Virginia, and the Central region of Kentucky. The company's community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and land development, ... [Read more...]

Industry
Banks-Regional
IPO Date
May 4, 1998
Stock Exchange
NASDAQ
Ticker Symbol
SMMF
Full Company Profile

Financial Performance

In 2020, SMMF's revenue was $101.07 million, an increase of 6.68% compared to the previous year's $94.74 million. Earnings were $31.33 million, a decrease of -1.69%.

Financial Statements

Analyst Forecasts

According to 2 analysts, the average rating for SMMF stock is "Hold." The 12-month stock price forecast is 26.50, which is an increase of 17.99% from the latest price.

Price Target
$26.50
(17.99% upside)
Analyst Consensus: Hold