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Summit Financial Group, Inc. (SMMF)

Stock Price: $22.98 USD -0.53 (-2.25%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
Market Cap 298.34M
Revenue (ttm) 95.81M
Net Income (ttm) 29.22M
Shares Out 12.98M
EPS (ttm) 2.27
PE Ratio 10.14
Forward PE n/a
Dividend $0.68
Dividend Yield 2.96%
Trading Day January 15
Last Price $22.98
Previous Close $23.51
Change ($) -0.53
Change (%) -2.25%
Day's Open 23.10
Day's Range 22.98 - 23.40
Day's Volume 6,615
52-Week Range 13.70 - 25.09

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Zacks Investment Research - 1 week ago

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

GlobeNewsWire - 1 month ago

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 subsidia...

Insider Monkey - 1 month ago

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 resu...

GlobeNewsWire - 1 month ago

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 divide...

GlobeNewsWire - 2 months ago

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 an...

Zacks Investment Research - 2 months ago

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

Zacks Investment Research - 2 months ago

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...

GlobeNewsWire - 2 months ago

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

Zacks Investment Research - 3 months ago

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.

Zacks Investment Research - 3 months ago

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

Other stocks mentioned: MVBF
GlobeNewsWire - 3 months ago

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

GlobeNewsWire - 3 months ago

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 millio...

GlobeNewsWire - 4 months ago

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 Finan...

GlobeNewsWire - 4 months ago

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 divi...

Zacks Investment Research - 5 months ago

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 th...

GlobeNewsWire - 5 months ago

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

Zacks Investment Research - 6 months ago

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.

Zacks Investment Research - 6 months ago

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
Zacks Investment Research - 6 months ago

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

GlobeNewsWire - 7 months ago

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 divi...

Zacks Investment Research - 8 months ago

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?

GlobeNewsWire - 8 months ago

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 ...

Zacks Investment Research - 9 months ago

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.

GlobeNewsWire - 10 months ago

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 progra...

GlobeNewsWire - 10 months ago

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 divi...

GlobeNewsWire - 1 year ago

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 subsidi...

GlobeNewsWire - 1 year ago

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 d...

GlobeNewsWire - 1 year ago

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 div...

GlobeNewsWire - 1 year ago

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 Exec...

Zacks Investment Research - 1 year ago

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

GlobeNewsWire - 1 year ago

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

GlobeNewsWire - 1 year ago

50% Common Stock / 50% Cash Consideration; $5,700 Per Share Cash or 228 Shares of Summit Common Stock; Aggregate Transaction Value of Approximately $28.5 Million 50% Common Stock / 50% Cash Co...

GlobeNewsWire - 1 year ago

MOOREFIELD, W. Va., Sept. 03, 2019 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today announced that H. Charles Maddy, III, President and Chief Exe...

GlobeNewsWire - 1 year ago

MOOREFIELD, W.V., Aug. 30, 2019 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a third quarter 2019 divid...

Zacks Investment Research - 1 year ago

SMMF vs. NBHC: Which Stock Is the Better Value Option?

Other stocks mentioned: NBHC
Zacks Investment Research - 1 year ago

Summit Financial (SMMF) delivered earnings and revenue surprises of 25.93% and 10.12%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

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.

Zacks Investment Research - 1 year ago

SMMF vs. FBNC: Which Stock Is the Better Value Option?

Other stocks mentioned: FBNC
Zacks Investment Research - 1 year ago

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.

Zacks Investment Research - 1 year ago

Summit Financial Group, Inc. (SMMF) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

About SMMF

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 loan... [Read more...]

Industry
Banks-Regional
IPO Date
May 4, 1998
CEO
H. Charles Maddy III
Employees
383
Stock Exchange
NASDAQ
Ticker Symbol
SMMF
Full Company Profile

Financial Performance

In 2019, SMMF's revenue was $94.74 million, an increase of 11.50% compared to the previous year's $84.97 million. Earnings were $31.87 million, an increase of 13.52%.

Financial Statements

Analyst Forecasts

According to 2 analysts, the average rating for SMMF stock is "Hold." The 12-month stock price forecast is 24.50, which is an increase of 6.61% from the latest price.

Price Target
$24.50
(6.61% upside)
Analyst Consensus: Hold