Summit Financial Group, Inc. (SMMF)

NASDAQ: SMMF · IEX Real-Time Price · USD
26.16
0.00 (0.00%)
Feb 26, 2024, 12:00 AM EST - Market open
0.00%
Market Cap 390.43M
Revenue (ttm) 157.82M
Net Income (ttm) 52.83M
Shares Out 14.68M
EPS (ttm) 3.87
PE Ratio 6.76
Forward PE 6.17
Dividend $0.88 (3.36%)
Ex-Dividend Date Mar 14, 2024
Volume 68
Open 26.55
Previous Close 26.16
Day's Range 26.15 - 26.70
52-Week Range 17.06 - 31.49
Beta 0.41
Analysts Hold
Price Target 27.00 (+3.21%)
Earnings Date Jan 25, 2024

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, 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 r... [Read more]

Sector Financials
IPO Date May 4, 1998
Employees 432
Stock Exchange NASDAQ
Ticker Symbol SMMF
Full Company Profile

Financial Performance

In 2022, SMMF's revenue was $140.19 million, an increase of 11.14% compared to the previous year's $126.14 million. Earnings were $52.32 million, an increase of 15.87%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for SMMF stock is "Hold" and the 12-month stock price forecast is $27.0.

Price Target
$27.0
(3.21% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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

MOOREFIELD, W.Va., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors recently declared a first quarter 2024 dividend of $0.22 pe...

4 days ago - GlobeNewsWire

Summit Financial Continues Growth Trajectory With Two Additional Affiliate Firms Totaling $725M in Assets

PARSIPPANY, N.J.--(BUSINESS WIRE)--Summit Financial Holdings (“Summit”), a top firm for values-driven independent and breakaway advisors, today announced the addition of two new affiliate firms: Garre...

22 days ago - Business Wire

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

ALEXANDRIA, Va. , Jan. 26, 2024 /PRNewswire/ -- Burke & Herbert Financial Services Corp. (the "Company" or "Burke & Herbert") (Nasdaq: BHRB) reported financial results for the quarter ended and year e...

Other symbols: BHRB
4 weeks ago - PRNewsWire

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

MOOREFIELD, W.Va., Jan. 25, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Thursday, January 25th by Summit Financial Group, Inc. (NASDAQ: SMMF), please note that in the Annua...

4 weeks ago - GlobeNewsWire

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

MOOREFIELD, W.Va., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. ("Company" or "Summit") (NASDAQ: SMMF) today reported financial results for the fourth quarter of 2023, highlighting r...

4 weeks ago - GlobeNewsWire

Summit Financial Welcomes Oracle Private Wealth Advisors, an All-Woman Advisory Firm, to its Expanding Network

PARSIPPANY, N.J.--(BUSINESS WIRE)--Summit Financial Holdings (“Summit”), a top firm for values-driven independent and breakaway advisors, today announced that Oracle Private Wealth Advisors (“Oracle”)...

6 weeks ago - Business Wire

Summit Financial Takes Minority Stake in Prostatis Financial Advisors Group

PARSIPPANY, N.J.--(BUSINESS WIRE)--Summit Financial Holdings (“Summit”), a top firm for values-driven independent and breakaway advisors, has through its affiliate, Summit Growth Partners, made a stra...

2 months ago - Business Wire

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

MOOREFIELD, W.Va., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors recently declared a fourth quarter 2023 dividend of $0.22 p...

3 months ago - GlobeNewsWire

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

ALEXANDRIA, Va. , Oct. 27, 2023 /PRNewswire/ -- Burke & Herbert Financial Services Corp. (the "Company" or "Burke & Herbert") (Nasdaq: BHRB) reported financial results for the quarter ended September ...

Other symbols: BHRB
4 months ago - PRNewsWire

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

MOOREFIELD, W.Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the third quarter of 2023, highlighting ro...

4 months ago - GlobeNewsWire

SUMMIT FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Summit Financial Group, Inc. - SMMF

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Summit Financial...

Other symbols: BHRB
4 months ago - Business Wire

Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Submit Filings Related to Merger Agreement

ALEXANDRIA, Va., Oct. 2, 2023 /PRNewswire/ -- Burke & Herbert Financial Services Corp. ("Burke & Herbert") (NASDAQ: BHRB) and Summit Financial Group, Inc. ("Summit") (Nasdaq: SMMF) today announced the...

Other symbols: BHRB
5 months ago - PRNewsWire

Shareholder Alert: Ademi LLP investigates whether Summit Financial Group, Inc. has obtained a Fair Price in its transaction with Burke & Herbert

MILWAUKEE , Aug. 28, 2023 /PRNewswire/ -- Ademi LLP is investigating Summit (Nasdaq: SMMF) for possible breaches of fiduciary duty and other violations of law in its transaction with Burke & Herbert. ...

6 months ago - PRNewsWire

Summit Financial Group, Inc. Increases Quarterly Common Dividend 10 Percent to $0.22 Per Share

MOOREFIELD, W.Va., Aug. 25, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors recently declared a third quarter 2023 dividend of $0.22 pe...

6 months ago - GlobeNewsWire

SMMF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Summit Financial Group, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Summit Financial Group, Inc. (NASDAQ: SMMF) to Burke & Herbert Financial Services Corp. f...

6 months ago - Business Wire

Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Merger of Equals

ALEXANDRIA, Va. , Aug. 24, 2023 /PRNewswire/ -- Burke & Herbert Financial Services Corp. ("Burke & Herbert") (Nasdaq: BHRB) and Summit Financial Group, Inc. ("Summit") (Nasdaq: SMMF) today announced t...

Other symbols: BHRB
6 months ago - PRNewsWire

Summit Financial Group Reports Strong Revenue Growth, Improved Net Interest Margin, Strategic Balance Sheet Expansion, and Earnings of $0.54 Per Share for Second Quarter 2023

MOOREFIELD, W. Va., July 27, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the second quarter of 2023, showcasing st...

7 months ago - GlobeNewsWire

Summit Financial Group, Inc. Announces Q2 Common Dividend of $0.20 Per Share

MOOREFIELD, W.Va., May 25, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors recently declared a second quarter 2023 dividend of $0.20 pe...

9 months ago - GlobeNewsWire

Summit to Participate in the D.A. Davidson 25th Annual Financial Institutions Conference

MOOREFIELD, W.V., May 12, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company”) (NASDAQ: SMMF) today announced that H. Charles Maddy, III, President and Chief Executive Officer and Robert ...

10 months ago - GlobeNewsWire

Summit Financial Welcomes Great Lakes Private Wealth to its Expanding Advisor Network

PARSIPPANY, N.J.--(BUSINESS WIRE)-- #Advisors--Summit Financial Holdings (“Summit”), a top firm for values-driven independent and breakaway advisors, is expanding its regional footprint with the launc...

10 months ago - Business Wire

Summit Financial Group Reports First Quarter 2023 Earnings of $1.08 Per Share, Fueled by Continued Loan and Deposit Growth, and Improved Net Interest Margin

Core Deposits and Loans increased 3.0% and 2.1%, respectively, during Q1 2023 Core Deposits and Loans increased 3.0% and 2.1%, respectively, during Q1 2023

10 months ago - GlobeNewsWire

Summit Financial Group, Inc. Completes Acquisition of PSB Holding Corp. and Subsidiary, Provident State Bank

MOOREFIELD, W.Va., April 03, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces completion, effective April 1, 2023, of the acquisition of PSB Holding Corp. and ...

11 months ago - GlobeNewsWire

3 Financials The Insiders Are Buying

Financial stocks like The Charles Schwab Company, Summit Financial and TrustCo are getting thrown out with the bath water but insiders are buying.

Other symbols: SCHWTRST
1 year ago - MarketBeat

Summit Financial Group, Inc. Announces Q1 Common Dividend of $0.20 per Share

MOOREFIELD, W.Va., Feb. 24, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors recently declared a first quarter 2023 dividend of $0.20 pe...

1 year ago - GlobeNewsWire