Summit Financial Group, Inc. (SMMF)

NASDAQ: SMMF · IEX Real-Time Price · USD
29.99
+0.02 (0.07%)
Aug 15, 2022 4:00 PM EDT - Market closed
0.07%
Market Cap 383.17M
Revenue (ttm) 130.86M
Net Income (ttm) 47.63M
Shares Out 12.78M
EPS (ttm) 3.69
PE Ratio 8.13
Forward PE n/a
Dividend $0.72 (2.40%)
Ex-Dividend Date Jun 14, 2022
Volume 63,636
Open 29.96
Previous Close 29.97
Day's Range 29.63 - 30.17
52-Week Range 23.01 - 30.83
Beta 0.36
Analysts Buy
Price Target 32.13 (+7.1%)
Earnings Date Aug 4, 2022

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. The company's community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and land development, res... [Read more...]

Industry Banks
IPO Date May 4, 1998
Employees 439
Stock Exchange NASDAQ
Ticker Symbol SMMF
Full Company Profile

Financial Performance

In 2021, SMMF's revenue was $126.14 million, an increase of 24.81% compared to the previous year's $101.07 million. Earnings were $45.74 million, an increase of 46.01%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for SMMF stock is "Buy." The 12-month stock price forecast is 32.13, which is an increase of 7.14% from the latest price.

Price Target
$32.13
(7.14% upside)
Analyst Consensus: Buy
Stock Forecasts

News

This is Why Summit Financial (SMMF) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Summit Financial (SMMF) have what it takes?

Summit Financial (SMMF) Misses Q2 Earnings and Revenue Estimates

Summit Financial (SMMF) delivered earnings and revenue surprises of -5.15% and 1.91%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Summit Financial Group Reports Second Quarter 2022 EPS of $0.92 on Revenue and Loan Growth

MOOREFIELD, W. Va., July 28, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the second quarter of 2022, including conti...

Summit Financial (SMMF) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Summit Financial (SMMF) have what it takes?

Summit Financial Group, Inc. (SMMF) Soars to 52-Week High, Time to Cash Out?

Summit Financial (SMMF) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Summit Financial Group, Inc. Announces Q2 Common Dividend of $0.18 Per Share

MOOREFIELD, W.Va., May 31, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a second quarter 2022 dividend of $0.1...

Why Summit Financial (SMMF) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Summit Financial (SMMF) have what it takes?

Is Summit Financial Group (SMMF) Stock Undervalued Right Now?

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...

Why Summit Financial (SMMF) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Summit Financial (SMMF) have what it takes?

Summit Financial (SMMF) Q1 Earnings and Revenues Beat Estimates

Summit Financial (SMMF) delivered earnings and revenue surprises of 4.65% and 2.40%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Summit Financial Group Reports First Quarter 2022 EPS of $0.90 on Annualized Double-Digit Loan Growth and Record Net ...

MOOREFIELD, W.Va., April 28, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported continued strong financial results for the first quarter of 2022,...

Summit Financial (SMMF) to Report Q1 Results: Wall Street Expects Earnings Growth

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.

Are You Looking for a High-Growth Dividend Stock? Summit Financial (SMMF) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Summit Financial (SMMF) have what it takes?

Is Summit Financial Group (SMMF) a Great Value Stock Right Now?

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...

Are Investors Undervaluing Summit Financial Group (SMMF) Right Now?

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...

Summit Financial Group, Inc. Announces Q1 Common Dividend of $0.18 Per Share

MOOREFIELD, W.V., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a first quarter 2022 dividend of $0.18...

Summit Financial (SMMF) Q4 Earnings and Revenues Top Estimates

Summit Financial (SMMF) delivered earnings and revenue surprises of 7.95% and 7.36%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Summit Financial Group Reports Fourth Quarter 2021 EPS of $0.95 on Continued Loan Growth and Record Net Interest Inco...

MOOREFIELD, W.Va., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported continued strong financial results for the fourth quarter of 2021,...

Should Value Investors Buy Summit Financial Group (SMMF) Stock?

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...

Summit Financial Group, Inc. Announces Q4 Common Dividend of $0.18 per Share

MOOREFIELD, W.V. , Nov. 18, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a fourth quarter 2021 dividend of $0....

Summit Financial Group Announces Completion of $75.0 Million Issuance of Subordinated Debt

MOOREFIELD, W.V., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today announced the completion of a private placement of $75 million of its 3.25% ...

Summit to Participate in D.A. Davidson Mid-Atlantic Bank Tour

MOOREFIELD, W.Va., Nov. 15, 2021 (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 (SMMF) Tops Q3 Earnings Estimates

Summit Financial (SMMF) delivered earnings and revenue surprises of 10.84% and -0.60%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Summit Financial Group Reports Higher Third Quarter 2021 Diluted Eps of $0.92 on Growth in Commercial and Total Loans...

MOOREFIELD, W.Va., Oct. 28, 2021 (GLOBE NEWSWIRE) --  Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported strong financial results for the third quarter of 2021, including...

Summit Financial (SMMF) to Report Q3 Results: Wall Street Expects Earnings Growth

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.