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Summit Financial Group, Inc. (SMMF)

NASDAQ: SMMF · IEX Real-Time Price · USD
25.79 -0.16 (-0.62%)
Oct 21, 2021 4:00 PM EDT - Market closed
Market Cap334.34M
Revenue (ttm)116.96M
Net Income (ttm)40.65M
Shares Out12.99M
EPS (ttm)3.13
PE Ratio8.24
Forward PEn/a
Dividend$0.68 (2.64%)
Ex-Dividend DateSep 14, 2021
Volume5,579
Open26.03
Previous Close25.95
Day's Range25.64 - 26.45
52-Week Range16.19 - 27.00
Beta0.46
AnalystsHold
Price Target27.00 (+4.7%)
Est. Earnings DateOct 21, 2021

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, and 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, ...

IndustryBanks
IPO DateMay 4, 1998
Employees415
Stock ExchangeNASDAQ
Ticker SymbolSMMF
Full Company Profile

Financial Performance

In 2020, SMMF's revenue was $101.07 million, an increase of 6.68% compared to the previous year's $94.74 million. Earnings were $31.33 million, a decrease of -1.69%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for SMMF stock is "Hold." The 12-month stock price forecast is 27.00, which is an increase of 4.69% from the latest price.

Price Target
$27.00
(4.69% upside)
Analyst Consensus: Hold

News

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.

4 hours ago - Zacks Investment Research

Summit to Participate in Piper Sandler 2021 D.C. Bank Field Trip

MOOREFIELD, W.V., Sept. 13, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company”) (NASDAQ: SMMF) today announced that H. Charles Maddy, III, President and Chief Executive Officer and Robert ...

1 month ago - GlobeNewsWire

Summit Financial Group, Inc. Announces Q3 Common Dividend of $0.18 per Share

MOOREFIELD, W.Va., Aug. 27, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a third quarter 2021 dividend of $0.1...

1 month ago - GlobeNewsWire

Summit Financial (SMMF) Surpasses Q2 Earnings and Revenue Estimates

Summit Financial (SMMF) delivered earnings and revenue surprises of 1.27% and 1.37%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Summit Financial Group Reports Second Quarter 2021 EPS of $0.80, Growth in Loans and Revenue, and Lower Credit Costs

MOOREFIELD, W.Va., July 29, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the second quarter of 2021, including contin...

2 months ago - GlobeNewsWire

Summit Financial (SMMF) Earnings Expected to Grow: What to Know Ahead of Q2 Release

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.

2 months ago - Zacks Investment Research

Summit Community Bank Inc. Completes Its Acquisition of Four Southern WV Branch Banking Centers

MOOREFIELD, W.Va., July 12, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today reported that its wholly-owned subsidiary, Summit Community Bank, Inc., has completed it...

3 months ago - GlobeNewsWire

Summit Financial Group, Inc. Announces Q2 Dividend of $0.17 Per Share

MOOREFIELD, W.Va., May 28, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a second quarter 2021 dividend of $0.1...

4 months ago - GlobeNewsWire

Is Summit Financial Group (SMMF) a Good Pick for Value Investors?

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

5 months ago - Zacks Investment Research

Summit Financial Supports Launch of New Michigan-Based Independent Wealth Advisory Firm

PARSIPPANY, N.J.--(BUSINESS WIRE)--Summit Financial Holdings (“Summit”), a prominent financial services firm for top independent and breakaway advisors, is expanding its reach to Michigan with the launc...

5 months ago - Business Wire

MVB Bank to Sell Four Banking Centers to Summit Community Bank

FAIRMONT, W.Va., April 23, 2021 (GLOBE NEWSWIRE) -- MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB” “MVB Financial”) (NASDAQ: MVBF), announced today the signing of a definitive a...

5 months ago - GlobeNewsWire

Summit Financial (SMMF) Q1 Earnings and Revenues Miss Estimates

Summit Financial (SMMF) delivered earnings and revenue surprises of -6.98% and -0.55%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Summit Financial Group: Q1 Earnings Insights

Shares of Summit Financial Group (NASDAQ:SMMF) moved higher by 2.5% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 128.57% over the past year t...

5 months ago - Benzinga

Summit Financial Group Reports Record Quarterly EPS and Net Income

Q1 2021 Diluted EPS $0.80 compared to $0.79 for Q4 2020 and $0.35 for Q1 2020 Q1 2021 Diluted EPS $0.80 compared to $0.79 for Q4 2020 and $0.35 for Q1 2020

5 months ago - GlobeNewsWire

Top Ranked Value Stocks to Buy for April 5th

Top Ranked Value Stocks to Buy for April 5th

Other symbols:CCSSTCTRTN
6 months ago - Zacks Investment Research

Summit Financial (SMMF) Moves 5.1% Higher: Will This Strength Last?

Summit Financial (SMMF) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price incre...

6 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for March 4th

Top Ranked Income Stocks to Buy for March 4th

Other symbols:BCBPCACIVZ
7 months ago - Zacks Investment Research

Summit Financial Group, Inc. Announces Q1 Dividend of $0.17 Per Share

MOOREFIELD, W.Va., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a first quarter 2021 dividend of $0.1...

7 months ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for February 23rd

Top Ranked Income Stocks to Buy for February 23rd

Other symbols:ALXUVSPWTBA
7 months ago - Zacks Investment Research

Top Ranked Value Stocks to Buy for February 12th

Top Ranked Value Stocks to Buy for February 12th

Other symbols:NAVIPAGPRDN
8 months ago - Zacks Investment Research

Summit Financial (SMMF) Sees Hammer Chart Pattern: Time to Buy?

Summit Financial Group (SMMF) has been struggling lately, but the selling pressure may be coming to an end soon.

8 months ago - Zacks Investment Research

Summit Financial (SMMF) Q4 Earnings and Revenues Beat Estimates

Summit Financial (SMMF) delivered earnings and revenue surprises of 46.30% and 8.79%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Recap: Summit Financial Q4 Earnings

Shares of Summit Financial Group (NASDAQ:SMMF) fell 0.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 21.54% year over year to $0.79, which...

8 months ago - Benzinga

Summit Financial Group Reports Record Quarterly EPS and Net Income

Q4 2020 Diluted EPS $0.79 compared to $0.74 for Q3 2020 and $0.65 for Q4 2019 Q4 2020 Diluted EPS $0.79 compared to $0.74 for Q3 2020 and $0.65 for Q4 2019

8 months ago - GlobeNewsWire

Earnings Preview: Summit Financial (SMMF) Q4 Earnings Expected to Decline

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.

9 months ago - Zacks Investment Research