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Summit Financial Group, Inc. (SMMF)

Stock Price: $18.00 USD -0.67 (-3.59%)
Updated Oct 26, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 233.58M
Revenue (ttm) 90.77M
Net Income (ttm) 27.66M
Shares Out 12.98M
EPS (ttm) 2.27
PE Ratio 7.93
Forward PE n/a
Dividend $0.68
Dividend Yield 3.78%

Stock Quote

Trading Day Oct 26, 2020
Last Price $18.00
Previous Close $18.67
Change ($) -0.67
Change (%) -3.59%
Day's Open 18.40
Day's Range 17.73 - 18.87
Day's Volume 12,268
52-Week Range 13.48 - 27.83

More Stats

Market Cap 233.58M
Enterprise Value 302.04M
Earnings Date (est) Jan 22, 2021
Ex-Dividend Date Sep 14, 2020
Shares Outstanding 12.98M
Float 10.29M
EPS (basic) 2.20
EPS (diluted) 2.27
FCF / Share 2.47
Dividend $0.68
Dividend Yield 3.78%
Earnings Yield 12.61%
FCF Yield 13.72%
Payout Ratio 29.10%
Shares Short 66,207
Short Ratio 4.84
Short % of Float 0.64%
Beta 0.42
PE Ratio 7.93
Forward PE n/a
P/FCF Ratio 7.29
PS Ratio 2.57
PB Ratio 0.81
Revenue 90.77M
Operating Income 34.61M
Net Income 27.66M
Free Cash Flow 32.04M
Net Cash -68.45M
Net Cash / Share -5.27
Gross Margin 98.85%
Operating Margin 38.13%
Profit Margin 30.50%
FCF Margin 35.30%
ROA 1.11%
ROE 11.36%
ROIC 1.30%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (0)

Buy 0
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: n/a

Price Target

$17.50*
(-2.78% downside)
Low
17.0
Current: $18.00
High
18.0
Target: 17.50
*Average 12-month price target from 2 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue94.7484.9779.3260.1156.6351.3645.5144.2041.7526.54
Revenue Growth11.5%7.12%31.97%6.15%10.26%12.84%2.97%5.87%57.3%-
Gross Profit94.7484.9779.3260.1156.6351.3645.5144.2041.7526.54
Operating Income39.5835.1021.5825.3123.0016.0310.766.935.11-4.93
Net Income31.8728.0711.9217.3016.1011.368.075.714.07-1.98
Shares Outstanding12.4712.4712.4310.7010.857.467.457.437.437.43
Earnings Per Share2.532.261.001.611.501.170.840.600.49-0.31
EPS Growth11.95%126%-37.89%7.33%28.21%39.29%40%22.45%--
Dividend Per Share0.590.530.440.400.32-----
Dividend Growth11.32%20.45%10%25%------
Operating Cash Flow40.9338.5224.3723.2123.6525.6028.1721.7518.2321.10
Capital Expenditures-3.60-4.44-0.622.8910.6414.1010.019.0312.9517.87
Free Cash Flow37.3334.0823.7626.1034.2839.7038.1830.7831.1838.97
Cash & Equivalents61.8959.5452.6346.629.4912.5111.7814.8032.6950.35
Total Debt220329316291267238263244323342
Net Cash / Debt-158-270-263-244-257-225-251-229-290-292
Assets2,4032,2012,1341,7591,4921,4441,3861,3871,4501,478
Liabilities2,1561,9811,9331,6031,3491,3121,2751,2791,3481,388
Book Value24822020215514413211110910389.82
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Summit Financial Group, Inc.
Country United States
Employees 383
CEO H. Charles Maddy

Stock Information

Ticker Symbol SMMF
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: SMMF
IPO Date May 4, 1998

Description

Summit Financial Group 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. The company's 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, and cash management services. As of December 31, 2019, it operated through 32 banking offices. The company was founded in 1987 and is headquartered in Moorefield, West Virginia.