Summit Financial Group, Inc. (SMMF)
| Market Cap | 403.07M |
| Revenue (ttm) | 165.20M |
| Net Income (ttm) | 54.34M |
| Shares Out | 14.68M |
| EPS (ttm) | 3.81 |
| PE Ratio | 7.20 |
| Forward PE | 6.73 |
| Dividend | $0.88 (3.21%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 15,573 |
| Open | 28.02 |
| Previous Close | 27.41 |
| Day's Range | 27.35 - 28.02 |
| 52-Week Range | 17.06 - 31.49 |
| Beta | 0.40 |
| Analysts | Hold |
| Price Target | 27.00 (-1.64%) |
| Earnings Date | Apr 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]
Financial Performance
In 2023, SMMF's revenue was $165.20 million, an increase of 17.84% compared to the previous year's $140.19 million. Earnings were $54.34 million, an increase of 3.87%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for SMMF stock is "Hold" and the 12-month stock price forecast is $27.0.
News
Burke & Herbert Financial Services Corp. Announces First Quarter 2024 Results and Declares Common Stock Dividend
ALEXANDRIA, Va. , April 26, 2024 /PRNewswire/ --Burke & Herbert Financial Services Corp. (the "Company" or "Burke & Herbert") (Nasdaq: BHRB) reported financial results for the quarter ended March 31, ...
Summit Financial Group Reports First Quarter 2024 Earnings of $1.14 Per Share
MOOREFIELD, W.Va., April 25, 2024 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the first quarter of 2024, revealing a st...
Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Receipt of Regulatory Approvals and Closing Date for Merger of Equals
Burke & Herbert Annual Shareholder Meeting Date Established ALEXANDRIA, Va. and MOOREFIELD, W.Va.
Summit Financial Enhances Open-Architecture Private Markets Offering, Supporting Advisors with Suite of High-Net-Worth Services
PARSIPPANY, N.J.--(BUSINESS WIRE)--Summit Financial Holdings (“Summit”), a leading architect of advisor success and client satisfaction for over four decades, today announced enhancements to its priva...
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...
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...
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...
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...
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...
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”)...
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...
Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Receipt of Shareholder Approval for Merger
ALEXANDRIA, Va. and MOOREFIELD, W.Va.
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...
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 ...
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...
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...
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...
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. ...
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...
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...
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...
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...
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...
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 ...
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...