NASDAQ
SMMF

Summit Financial Group Inc

Banks-Regional
Financial Services

Prices are adjusted according to historical splits.

Summit Financial Group Inc Stock Price

Vitals

Today's Low:
$23.96
Today's High:
$24.385
Open Price:
$23.97
52W Low:
$16.8985
52W High:
$28.9428
Prev. Close:
$24.07
Volume:
23884

Company Statistics

Market Cap.:
$353.16 million
Book Value:
27.144
Revenue TTM:
$150.03 million
Operating Margin TTM:
49.21%
Gross Profit TTM:
$140.19 million
Profit Margin:
34.54%
Return on Assets TTM:
1.25%
Return on Equity TTM:
13.87%

Company Profile

Summit Financial Group Inc had its IPO on 1998-05-04 under the ticker symbol SMMF.

The company operates in the Financial Services sector and Banks-Regional industry. Summit Financial Group Inc has a staff strength of 432 employees.

Stock update

Shares of Summit Financial Group Inc opened at $23.97 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $23.96 - $24.39, and closed at $24.34.

This is a +1.12% increase from the previous day's closing price.

A total volume of 23,884 shares were traded at the close of the day’s session.

In the last one week, shares of Summit Financial Group Inc have slipped by -1.66%.

Summit Financial Group Inc's Key Ratios

Summit Financial Group Inc has a market cap of $353.16 million, indicating a price to book ratio of 1.0264 and a price to sales ratio of 2.382.

In the last 12-months Summit Financial Group Inc’s revenue was $150.03 million with a gross profit of $140.19 million and an EBITDA of $0. The EBITDA ratio measures Summit Financial Group Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Summit Financial Group Inc’s operating margin was 49.21% while its return on assets stood at 1.25% with a return of equity of 13.87%.

In Q2, Summit Financial Group Inc’s quarterly earnings growth was a negative -41.3% while revenue growth was a positive 15%.

Summit Financial Group Inc’s PE and PEG Ratio

Forward PE
0
Trailing PE
6.2519
PEG
1.49

Its diluted EPS in the last 12-months stands at $3.85 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 1.49. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Summit Financial Group Inc’s profitability.

Summit Financial Group Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.382.

Summit Financial Group Inc stock pays annual dividends of $0.8 per share, indicating a yield of 3.67% and a payout ratio of 20.97%.

Balance sheet and cash flow metrics

Total Assets
$4.55 billion
Total Liabilities
$232.15 million
Operating Cash Flow
$-26240000.00
Capital Expenditure
$1.41 million
Dividend Payout Ratio
20.97%

Summit Financial Group Inc ended 2024 with $4.55 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $4.55 billion while shareholder equity stood at $413.17 million.

Summit Financial Group Inc ended 2024 with $0 in deferred long-term liabilities, $232.15 million in other current liabilities, 130227000.00 in common stock, $276.76 million in retained earnings and $56.04 million in goodwill. Its cash balance stood at $63.24 million and cash and short-term investments were $575.28 million. The company’s total short-term debt was $232,150,000 while long-term debt stood at $123.78 million.

Summit Financial Group Inc’s total current assets stands at $575.28 million while long-term investments were $654.07 million and short-term investments were $512.04 million. Its net receivables were $18.20 million compared to accounts payable of $0 and inventory worth $0.

In 2024, Summit Financial Group Inc's operating cash flow was $-26240000.00 while its capital expenditure stood at $1.41 million.

Comparatively, Summit Financial Group Inc paid $0.21 in dividends in 2024.

Other key metrics

Current Trading Price
$24.34
52-Week High
$28.9428
52-Week Low
$16.8985
Analyst Target Price
$25

Summit Financial Group Inc stock is currently trading at $24.34 per share. It touched a 52-week high of $28.9428 and a 52-week low of $28.9428. Analysts tracking the stock have a 12-month average target price of $25.

Its 50-day moving average was $23.01 and 200-day moving average was $22.61 The short ratio stood at 2.87 indicating a short percent outstanding of 0%.

Around 1207.8% of the company’s stock are held by insiders while 3303.7% are held by institutions.

Frequently Asked Questions About Summit Financial Group Inc

The stock symbol (also called stock or share ticker) of Summit Financial Group Inc is SMMF

The IPO of Summit Financial Group Inc took place on 1998-05-04

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About

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 real estate, and consumer loans; and mortgage warehouse lines of credit, as well as trust and wealth management, cash management, and insurance services. The company was incorporated in 1987 and is headquartered in Moorefield, West Virginia.

Address

300 North Main Street, Moorefield, WV, United States, 26836