View Future GrowthThis company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsSummit Financial Group 過去の業績過去 基準チェック /36Summit Financial Groupは、平均年間15.7%の収益成長を遂げていますが、 Banks業界の収益は、年間 成長しています。収益は、平均年間2.8% 14.2%収益成長率で 成長しています。 Summit Financial Groupの自己資本利益率は12.8%であり、純利益率は33.1%です。主要情報15.68%収益成長率13.55%EPS成長率Banks 業界の成長11.18%収益成長率14.15%株主資本利益率12.81%ネット・マージン33.09%前回の決算情報31 Mar 2024最近の業績更新Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: US$1.15 (vs US$1.09 in 1Q 2023)First quarter 2024 results: EPS: US$1.15 (up from US$1.09 in 1Q 2023). Revenue: US$45.0m (up 21% from 1Q 2023). Net income: US$16.8m (up 21% from 1Q 2023). Profit margin: 37% (in line with 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 13Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$3.83. Revenue: US$165.2m (up 18% from FY 2022). Net income: US$54.3m (up 3.9% from FY 2022). Profit margin: 33% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.84% (up from 3.73% in FY 2022). Non-performing loans: 0.34% (up from 0.25% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.Reported Earnings • Jan 26Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$3.83. Revenue: US$165.2m (up 18% from FY 2022). Net income: US$54.3m (up 3.9% from FY 2022). Profit margin: 33% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.84% (up from 3.73% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.Reported Earnings • Oct 29Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$1.10. Revenue: US$45.3m (up 21% from 3Q 2022). Net income: US$16.1m (up 13% from 3Q 2022). Profit margin: 36% (down from 38% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 5.8%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US.お知らせ • Oct 28Summit Financial Group, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2023Summit Financial Group, Inc. reported impairment charges for the third quarter ended September 30, 2023. For the period, the company announced net loan charge-offs of $118,000 against $8,000 a year ago.Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: US$0.54 (down from US$0.92 in 2Q 2022). Revenue: US$37.7m (up 15% from 2Q 2022). Net income: US$7.98m (down 32% from 2Q 2022). Profit margin: 21% (down from 36% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updatesお知らせ • May 15Summit Financial Group Files Form 15Summit Financial Group, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $2.50 per share.お知らせ • May 04Nasdaq Files with the SEC a Notification of Removal from Listing And/Or Registration on Form 25 to Remove Summit’s Common Stock from Listing on NasdaqSummit Financial Group, Inc. notified its principal trading market, The Nasdaq Global Select Market (“Nasdaq”) that the Merger would be effective at 12:02 a.m., Eastern Time, on May 3, 2024. On May 3, 2024, Nasdaq filed with the Securities and Exchange Commission (the “SEC”) a Notification of Removal from Listing and/or Registration Under Section 12(b) of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) on Form 25 to remove Summit’s Common Stock from listing on Nasdaq and withdraw the registration of Summit’s Common Stock under Section 12(b) of the Securities Exchange Act of 1934. Following the effectiveness of such Form 25, Summit intends to file with the SEC certifications on Form 15 under the Exchange Act requesting that the shares of Summit’s Common Stock be deregistered and that Summit’s reporting obligations under Sections 13 and 15(d) of the Exchange Act be suspended.Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: US$1.15 (vs US$1.09 in 1Q 2023)First quarter 2024 results: EPS: US$1.15 (up from US$1.09 in 1Q 2023). Revenue: US$45.0m (up 21% from 1Q 2023). Net income: US$16.8m (up 21% from 1Q 2023). Profit margin: 37% (in line with 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 13Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$3.83. Revenue: US$165.2m (up 18% from FY 2022). Net income: US$54.3m (up 3.9% from FY 2022). Profit margin: 33% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.84% (up from 3.73% in FY 2022). Non-performing loans: 0.34% (up from 0.25% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.Upcoming Dividend • Mar 07Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.7%). In line with average of industry peers (3.0%).Declared Dividend • Feb 28Fourth quarter dividend of US$0.22 announcedShareholders will receive a dividend of US$0.22. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (22% payout ratio) and is expected to be well covered in 3 years' time (20% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 4.5% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 23Summit Financial Group, Inc. Declares Dividend for the First Quarter 2024, Payable on March 29, 2024Summit Financial Group, Inc. announced its Board of Directors recently declared a first quarter 2024 dividend of $0.22 per share payable on March 29, 2024 to common shareholders of record as of the close of business on March 15, 2024.Reported Earnings • Jan 26Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$3.83. Revenue: US$165.2m (up 18% from FY 2022). Net income: US$54.3m (up 3.9% from FY 2022). Profit margin: 33% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.84% (up from 3.73% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.お知らせ • Dec 08Summit Financial Group, Inc. Announces Resignation of John H. Shott as Member of the Board of DirectorSummit Financial Group, Inc. announced on December 4, 2023, John H. Shott notified the Chairman of the Board of Directors of the company that he voluntarily resigned his position as a member of the Board of Directors (the “ Board”) of the Company effective as of the end of the day on December 6, 2023, the date on which the shareholders of the Company approved the Agreement and Plan of Reorganization and accompanying Plan of Merger (the “Merger Agreement”), dated as of August 24, 2023, by and between Burke & Herbert Financial Services Corp. (“Burke & Herbert”) and the Company. In connection with his decision, Mr. Shott advised that his resignation was not due to a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.Upcoming Dividend • Dec 07Upcoming dividend of US$0.22 per share at 3.5% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (3.5%).お知らせ • Nov 29Summit Financial Group, Inc. Declares Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023Summit Financial Group, Inc. announced its Board of Directors declared a fourth quarter 2023 dividend of $0.22 per share payable on December 29, 2023 to common shareholders of record as of the close of business on December 15, 2023.Price Target Changed • Oct 31Price target decreased by 8.0% to US$23.00Down from US$25.00, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of US$21.50. The company is forecast to post earnings per share of US$3.82 for next year compared to US$4.10 last year.Reported Earnings • Oct 29Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$1.10. Revenue: US$45.3m (up 21% from 3Q 2022). Net income: US$16.1m (up 13% from 3Q 2022). Profit margin: 36% (down from 38% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 5.8%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US.お知らせ • Oct 28Summit Financial Group, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2023Summit Financial Group, Inc. reported impairment charges for the third quarter ended September 30, 2023. For the period, the company announced net loan charge-offs of $118,000 against $8,000 a year ago.Recent Insider Transactions • Sep 15Independent Director recently bought US$343k worth of stockOn the 14th of September, Gary Hinkle bought around 14k shares on-market at roughly US$24.17 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.0m more in shares than they have sold in the last 12 months.お知らせ • Sep 12Summit Financial Group, Inc. Announces Resignation of John W. Crites, as A Member of the Board of DirectorsSummit Financial Group, Inc. announced that John W. Crites, II voluntarily resigned his position as a member of the Board of Directors effective September 8, 2023. In connection with his decision, Mr. Crites advised that he had no disagreements with the Company. The Board expresses its gratitude to Mr. Crites for his many years of service to the Company and substantial contributions to the Board.Upcoming Dividend • Sep 07Upcoming dividend of US$0.22 per share at 3.6% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.9%). In line with average of industry peers (3.7%).New Risk • Aug 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding).お知らせ • Aug 26+ 1 more updateSummit Financial Group, Inc. Increases Quarterly Common Dividend, Payable on September 29, 2023Summit Financial Group, Inc. declared a third quarter 2023 dividend of $0.22 per share payable on September 29, 2023 to common shareholders of record as of the close of business on September 15, 2023, representing a 10% increase compared to $0.20 paid in Second Quarter 2023.Price Target Changed • Jul 31Price target increased by 16% to US$25.00Up from US$21.50, the current price target is provided by 1 analyst. New target price is 11% above last closing price of US$22.56. Stock is down 25% over the past year. The company is forecast to post earnings per share of US$3.67 for next year compared to US$4.10 last year.New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding).Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: US$0.54 (down from US$0.92 in 2Q 2022). Revenue: US$37.7m (up 15% from 2Q 2022). Net income: US$7.98m (down 32% from 2Q 2022). Profit margin: 21% (down from 36% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 28Summit Financial Group, Inc. Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2023Summit Financial Group, Inc. reported net loan charge-offs for the second quarter ended June 30, 2023. For the quarter, the company reported net loan charge-offs of $3.828 million against $0.159 million a year ago.分析記事 • Jun 08If EPS Growth Is Important To You, Summit Financial Group (NASDAQ:SMMF) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Upcoming Dividend • Jun 07Upcoming dividend of US$0.20 per share at 3.8% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of American dividend payers (5.1%). In line with average of industry peers (3.7%).お知らせ • May 26Summit Financial Group, Inc. Declares Dividend for the Second Quarter 2023, Payable on June 30, 2023Summit Financial Group, Inc. announced its Board of Directors recently declared a second quarter 2023 dividend of $0.20 per share payable on June 30, 2023 to common shareholders of record as of the close of business on June 15, 2023.Recent Insider Transactions • May 02Executive VP & Chief Risk Officer recently bought US$59k worth of stockOn the 1st of May, Joseph Hager bought around 3k shares on-market at roughly US$19.62 per share. This transaction increased Joseph's direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$199k. Insiders have collectively bought US$626k more in shares than they have sold in the last 12 months.Price Target Changed • Apr 10Price target decreased by 29% to US$22.00Down from US$31.00, the current price target is provided by 1 analyst. New target price is 11% above last closing price of US$19.81. Stock is down 20% over the past year. The company is forecast to post earnings per share of US$3.68 for next year compared to US$4.10 last year.Recent Insider Transactions • Mar 19Independent Director recently bought US$199k worth of stockOn the 13th of March, Jason Kitzmiller bought around 9k shares on-market at roughly US$21.75 per share. This transaction amounted to 68% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$556k more in shares than they have sold in the last 12 months.Reported Earnings • Mar 15Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$4.10 (up from US$3.49 in FY 2021). Revenue: US$140.2m (up 11% from FY 2021). Net income: US$52.3m (up 16% from FY 2021). Profit margin: 37% (up from 36% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.73% (up from 3.54% in FY 2021). Non-performing loans: 0.25% (down from 0.46% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$21.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Banks industry in the US. Total returns to shareholders of 34% over the past three years.Upcoming Dividend • Mar 07Upcoming dividend of US$0.20 per share at 3.2% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (3.0%).お知らせ • Jan 28Summit Financial Group, Inc. Reports Unaudited Net Charge-Offs for the Fourth Quarter Ended December 31, 2022Summit Financial Group, Inc. reported unaudited net charge-offs for the fourth quarter ended December 31, 2022. For the quarter, the company reported net loan charge-offs of $1,000 against $193,000 same period a year ago.Reported Earnings • Jan 26Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$4.10 (up from US$3.49 in FY 2021). Revenue: US$140.2m (up 11% from FY 2021). Net income: US$52.3m (up 16% from FY 2021). Profit margin: 37% (up from 36% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Dec 14Summit Financial Group, Inc. (NasdaqGS:SMMF) signed a definitive merger agreement to acquire PSB Holding Corp. (OTCPK:PSBP) for $51 million.Summit Financial Group, Inc. (NasdaqGS:SMMF) signed a definitive merger agreement to acquire PSB Holding Corp. (OTCPK:PSBP) for $51 million on December 9, 2022. As per the terms of the transaction, PSB shareholders will receive 1.2347 shares of Summit common stock for each outstanding share of PSB common stock. In addition, each outstanding option to purchase shares of PSB Common Stock (“PSB Option”) will be entitled to receive cash in an amount equal to the product obtained by multiplying (i) the difference between (a) $35.00 and (b) the exercise price for each outstanding PSB Option by (ii) the number of shares of PSB Common Stock subject to such PSB Option. Following consummation of the merger, PSB’s bank subsidiary, Provident State Bank, Inc., will be merged with Summit’s bank subsidiary, Summit Community Bank, Inc. PSB shall pay a termination fee of $2.2 million to Summit. The transaction has been approved by each company’s board of directors and is pending regulatory approvals, authorization for listing on the NASDAQ of the shares of Summit Common Stock to be issued in the Merger, effectiveness of the registration statement on Form S-4 and the approval of PSB’s shareholders. The transaction is expected to close in the second quarter of 2023. PSB was advised by the investment banking firm of Piper Sandler & Co., and was represented by the law firm of Kevin M. Houlihan of Holland & Knight LLP. Summit was represented by the law firm of Sandra M. Murphy of Bowles Rice LLP.Upcoming Dividend • Dec 07Upcoming dividend of US$0.20 per shareEligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (3.1%).お知らせ • Nov 18Summit Financial Group, Inc. Declares Dividend for Fourth Quarter 2022, Payable on December 30, 2022Summit Financial Group, Inc. announced its Board of Directors declared a fourth quarter 2022 dividend of $0.20 per share payable on December 30, 2022 to common shareholders of record as of the close of business on December 15, 2022.お知らせ • Oct 28Summit Financial Group, Inc. Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2022Summit Financial Group, Inc. reported Net loan charge-offs for the third quarter ended September 30, 2022. For the quarter, the company reported Net loan charge-offs of $8,000 against $370,000 a year ago.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: US$1.11 (vs US$0.93 in 3Q 2021)Third quarter 2022 results: EPS: US$1.11 (up from US$0.93 in 3Q 2021). Revenue: US$37.5m (up 15% from 3Q 2021). Net income: US$14.2m (up 18% from 3Q 2021). Profit margin: 38% (up from 37% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 07Upcoming dividend of US$0.20 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.2%).分析記事 • Aug 29Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year'sSummit Financial Group, Inc.'s ( NASDAQ:SMMF ) periodic dividend will be increasing on the 30th of September to $0.20...お知らせ • Aug 26Summit Financial Group, Inc. Increases Quarterly Dividend for the Third Quarter of 2022, Payable on September 30, 2022Summit Financial Group, Inc. announced its Board of Directors declared a third quarter of 2022 dividend of $0.20 per share payable on September 30, 2022 to common shareholders of record as of the close of business on September 15, 2022, representing an 11% increase compared to the $0.18 paid in the second quarter of 2022.Seeking Alpha • Aug 25Summit Financial raises dividend by 11% to $0.20Summit Financial (NASDAQ:SMMF) declares $0.20/share quarterly dividend, 11.1% increase from prior dividend of $0.18. Forward yield 2.72% Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 14. See SMMF Dividend Scorecard, Yield Chart, & Dividend Growth.お知らせ • Jul 29Summit Financial Group, Inc. Announces Net Loan Charge Offs for the Quarter Ended June 30, 2022Summit Financial Group, Inc. announced net loan charge offs for the quarter ended June 30, 2022. for the quarter, the company reported net loan charge offs of $159,000 as compared to $202,000 a year ago.Reported Earnings • Jul 28Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: US$0.92 (up from US$0.81 in 2Q 2021). Revenue: US$32.8m (up 7.5% from 2Q 2021). Net income: US$11.8m (up 13% from 2Q 2021). Profit margin: 36% (up from 34% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 14%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Seeking Alpha • Jul 28Summit Financial Q2 GAAP EPS, revenue up Y/YSummit Financial press release (NASDAQ:SMMF): Q2 GAAP EPS of $0.92 (vs. $0.80 in prior-year quarter). Revenue of $38.46M (+22.0% Y/Y).Upcoming Dividend • Jun 07Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (3.9%). Lower than average of industry peers (2.9%).分析記事 • Jun 03Summit Financial Group (NASDAQ:SMMF) Will Pay A Dividend Of US$0.18The board of Summit Financial Group, Inc. ( NASDAQ:SMMF ) has announced that it will pay a dividend on the 30th of...お知らせ • Jun 01Summit Financial Group, Inc. Declares Second Quarter 2022 Dividend, Payable on June 30, 2022Summit Financial Group, Inc. announces its Board of Directors recently declared a second quarter 2022 dividend of $0.18 per share payable on June 30, 2022 to common shareholders of record as of the close of business on June 15, 2022.Major Estimate Revision • May 05Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$126.3m to US$134.4m. EPS estimate increased from US$3.49 to US$3.90 per share. Net income forecast to grow 8.5% next year vs 2.6% growth forecast for Banks industry in the US. Consensus price target up from US$30.00 to US$31.50. Share price was steady at US$26.97 over the past week.Reported Earnings • Apr 29First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: US$0.90 (up from US$0.80 in 1Q 2021). Revenue: US$32.1m (up 8.2% from 1Q 2021). Net income: US$11.5m (up 11% from 1Q 2021). Profit margin: 36% (in line with 1Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 5.8%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 12Summit Financial Group, Inc., Annual General Meeting, May 19, 2022Summit Financial Group, Inc., Annual General Meeting, May 19, 2022, at 13:00 US Eastern Standard Time. Agenda: To consider election of directors; to adopt a non-binding resolution to approve the compensation of the company's named executive officers; to consider ratification of auditor; and to consider other matters.Upcoming Dividend • Mar 07Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (2.5%).Reported Earnings • Mar 06Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: US$3.49 (up from US$2.42 in FY 2020). Revenue: US$126.1m (up 25% from FY 2020). Net income: US$45.1m (up 44% from FY 2020). Profit margin: 36% (up from 31% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 7.1%, compared to a 6.0% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 26Summit Financial Group, Inc. Declares First Quarter 2022 Dividend, Payable on March 31, 2022Summit Financial Group, Inc. announced its Board of Directors recently declared a first quarter 2022 dividend of $0.18 per share payable on March 31, 2022 to common shareholders of record as of the close of business on March 15, 2022.Major Estimate Revision • Feb 03Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$129.3m to US$135.1m. EPS estimate increased from US$2.91 to US$3.39 per share. Net income forecast to shrink 3.4% next year vs 7.1% decline forecast for Banks industry in the US. Consensus price target up from US$28.50 to US$31.00. Share price was steady at US$27.54 over the past week.Price Target Changed • Jan 30Price target increased to US$29.50Up from US$27.00, the current price target is an average from 2 analysts. New target price is 7.5% above last closing price of US$27.45. Stock is up 33% over the past year. The company is forecast to post earnings per share of US$3.57 for next year compared to US$3.49 last year.Reported Earnings • Jan 29Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: US$3.49 (up from US$2.42 in FY 2020). Revenue: US$126.1m (up 25% from FY 2020). Net income: US$45.1m (up 44% from FY 2020). Profit margin: 36% (up from 31% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 2.5%, compared to a 4.1% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Seeking Alpha • Jan 19Summit Financials: Reasonably Priced With Acquisition UpsideWell-run bank with industry-leading efficiency ratios. Proven acquirer with a history of successful acquisitions with manageable earn-back periods. Improvement in the core deposit base has largely improved the cost of funding. The management team convey confidence in the latest earnings release, highlighting strong loan growth expectation.Upcoming Dividend • Dec 07Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (2.3%).分析記事 • Nov 23Summit Financial Group (NASDAQ:SMMF) Will Pay A Larger Dividend Than Last Year At US$0.18Summit Financial Group, Inc. ( NASDAQ:SMMF ) will increase its dividend on the 31st of December to US$0.18. This takes...Reported Earnings • Oct 30Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$32.7m (up 18% from 3Q 2020). Net income: US$12.1m (up 26% from 3Q 2020). Profit margin: 37% (up from 35% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.Recent Insider Transactions Derivative • Sep 21Insider exercised options to buy US$94k worth of stock.On the 16th of September, Bradford Ritchie exercised options to buy 4k shares at a strike price of around US$24.09, costing a total of US$96k. This transaction amounted to 17% of their direct individual holding at the time of the trade. Since March 2021, Bradford's direct individual holding has increased from 23.34k shares to 27.82k. Company insiders have collectively bought US$315k more than they sold, via options and on-market transactions, in the last 12 months.分析記事 • Sep 02Summit Financial Group's (NASDAQ:SMMF) Shareholders Will Receive A Bigger Dividend Than Last YearSummit Financial Group, Inc. ( NASDAQ:SMMF ) has announced that it will be increasing its dividend on the 30th of...Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$0.81 (vs US$0.54 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$30.5m (up 29% from 2Q 2020). Net income: US$10.4m (up 50% from 2Q 2020). Profit margin: 34% (up from 29% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 08Upcoming dividend of US$0.17 per shareEligible shareholders must have bought the stock before 14 June 2021. Payment date: 30 June 2021. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (3.4%). Higher than average of industry peers (2.1%).お知らせ • May 29Summit Financial Group, Inc. Declares a Second Quarter 2021 Dividend Payable on June 30, 2021Summit Financial Group, Inc. announced its Board of Directors declared a second quarter 2021 dividend of $0.17 per share payable on June 30, 2021 to common shareholders of record as of the close of business on June 15, 2021.分析記事 • May 14Some Shareholders May find It Hard To Increase Summit Financial Group, Inc.'s (NASDAQ:SMMF) CEO Compensation This YearPerformance at Summit Financial Group, Inc. ( NASDAQ:SMMF ) has been reasonably good and CEO Charlie Maddy has done a...分析記事 • May 07If You Like EPS Growth Then Check Out Summit Financial Group (NASDAQ:SMMF) Before It's Too LateLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Reported Earnings • Apr 24First quarter 2021 earnings released: EPS US$0.80 (vs US$0.35 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$29.7m (up 44% from 1Q 2020). Net income: US$10.4m (up 130% from 1Q 2020). Profit margin: 35% (up from 22% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.分析記事 • Apr 02How Does Summit Financial Group, Inc. (NASDAQ:SMMF) Stand Up To These Simple Dividend Safety Checks?Is Summit Financial Group, Inc. ( NASDAQ:SMMF ) a good dividend stock? How can we tell? Dividend paying companies with...Reported Earnings • Mar 13Full year 2020 earnings released: EPS US$2.42 (vs US$2.55 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$101.1m (up 8.9% from FY 2019). Net income: US$31.3m (down 1.7% from FY 2019). Profit margin: 31% (down from 34% in FY 2019). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.71% (up from 3.66% in FY 2019). Non-performing loans: 0.84% (up from 0.60% in FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Mar 13Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 23%, compared to a 18% growth forecast for the Banks industry in the US.分析記事 • Mar 07Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming DividendSome investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...Is New 90 Day High Low • Feb 27New 90-day high: US$24.09The company is up 11% from its price of US$21.70 on 27 November 2020. The American market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$46.61 per share.分析記事 • Feb 22Shareholders Of Summit Financial Group (NASDAQ:SMMF) Must Be Happy With Their 87% ReturnIf you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...Major Estimate Revision • Feb 09Analysts increase EPS estimates to US$2.94The 2021 consensus revenue estimate increased from US$118.2m to US$124.3m. The earnings per share estimate also received an upgrade from US$2.37 to US$2.94 for the same period. Net income is expected to grow by 21% next year compared to 14% growth forecast for the Banks industry in the US. The consensus price target was lowered from US$24.50 to US$22.75. Share price is up 12% to US$23.38 over the past week.Price Target Changed • Feb 03Price target lowered to US$22.75Down from US$24.50, the current price target is an average from 2 analysts. The new target price is close to the current share price of US$21.79. As of last close, the stock is down 16% over the past year.Reported Earnings • Feb 02Full year 2020 earnings released: EPS US$2.42 (vs US$2.55 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$101.1m (up 8.9% from FY 2019). Net income: US$31.3m (down 1.7% from FY 2019). Profit margin: 31% (down from 34% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 02Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the Banks industry in the US.分析記事 • Jan 26Is Summit Financial Group, Inc. (NASDAQ:SMMF) Popular Amongst Insiders?Every investor in Summit Financial Group, Inc. ( NASDAQ:SMMF ) should be aware of the most powerful shareholder groups...Is New 90 Day High Low • Jan 07New 90-day high: US$23.51The company is up 37% from its price of US$17.16 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$46.93 per share.分析記事 • Dec 30What Can We Conclude About Summit Financial Group's (NASDAQ:SMMF) CEO Pay?Charlie Maddy became the CEO of Summit Financial Group, Inc. ( NASDAQ:SMMF ) in 1994, and we think it's a good time to...Is New 90 Day High Low • Dec 16New 90-day high: US$22.50The company is up 43% from its price of US$15.73 on 16 September 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$44.85 per share.分析記事 • Dec 09Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming DividendIt looks like Summit Financial Group, Inc. ( NASDAQ:SMMF ) is about to go ex-dividend in the next four days. Investors...分析記事 • Dec 06Independent Director Gary Hinkle Just Bought 1.2% More Shares In Summit Financial Group, Inc. (NASDAQ:SMMF)Investors who take an interest in Summit Financial Group, Inc. ( NASDAQ:SMMF ) should definitely note that the...Recent Insider Transactions • Dec 06Independent Director recently bought US$105k worth of stockOn the 2nd of December, Gary Hinkle bought around 5k shares on-market at roughly US$21.17 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$213k more in shares than they have sold in the last 12 months.Valuation Update With 7 Day Price Move • Nov 14Market bids up stock over the past weekAfter last week's 15% share price gain to US$20.04, the stock is trading at a trailing P/E ratio of 8.8x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 11x in the Banks industry in the US. Total return to shareholders over the past three years is a loss of 18%.Is New 90 Day High Low • Nov 10New 90-day high: US$19.60The company is up 20% from its price of US$16.40 on 12 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$40.18 per share.Reported Earnings • Nov 09Third quarter 2020 earnings released: EPS US$0.74The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: US$27.7m (up 22% from 3Q 2019). Net income: US$9.62m (up 19% from 3Q 2019). Profit margin: 35% (down from 36% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Nov 09Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 124%. Over the next year, revenue is forecast to grow 25%, compared to a 18% growth forecast for the Banks industry in the US.収支内訳Summit Financial Group の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqGS:SMMF 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 241735766031 Dec 231655464030 Sep 231585362030 Jun 231505160031 Mar 231455557031 Dec 221405255030 Sep 221365054030 Jun 221314852031 Mar 221294650031 Dec 211264548030 Sep 211224346030 Jun 211174145031 Mar 211103744031 Dec 201013143030 Sep 20962942030 Jun 20912840031 Mar 20932940031 Dec 19953239030 Sep 19933139030 Jun 19913039031 Mar 19862838031 Dec 18852838030 Sep 18842337030 Jun 18842237031 Mar 18852136031 Dec 17791234030 Sep 17751432030 Jun 17691329031 Mar 17621227031 Dec 16601726030 Sep 16581726030 Jun 16571626031 Mar 16571625031 Dec 15571624030 Sep 15561523030 Jun 15561422031 Mar 15541322031 Dec 14511122030 Sep 14491022030 Jun 1447921031 Mar 1446821031 Dec 1346722030 Sep 1344722030 Jun 13445210質の高い収益: SMMFは 高品質の収益 を持っています。利益率の向上: SMMFの現在の純利益率 (33.1%)は、昨年(37.7%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: SMMFの収益は過去 5 年間で年間15.7%増加しました。成長の加速: SMMFの過去 1 年間の収益成長率 ( 4.7% ) は、5 年間の平均 ( 年間15.7%を下回っています。収益対業界: SMMFの過去 1 年間の収益成長率 ( 4.7% ) はBanks業界22.8%を上回りました。株主資本利益率高いROE: SMMFの 自己資本利益率 ( 12.8% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YBanks 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/05/03 05:16終値2024/05/03 00:00収益2024/03/31年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Summit Financial Group, Inc. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Stephen MossBrean Capital Historical (Janney Montgomery)Russell Elliott GuntherD.A. Davidson & Co.Nicholas CucharalePiper Sandler Companies
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: US$1.15 (vs US$1.09 in 1Q 2023)First quarter 2024 results: EPS: US$1.15 (up from US$1.09 in 1Q 2023). Revenue: US$45.0m (up 21% from 1Q 2023). Net income: US$16.8m (up 21% from 1Q 2023). Profit margin: 37% (in line with 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 13Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$3.83. Revenue: US$165.2m (up 18% from FY 2022). Net income: US$54.3m (up 3.9% from FY 2022). Profit margin: 33% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.84% (up from 3.73% in FY 2022). Non-performing loans: 0.34% (up from 0.25% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.
Reported Earnings • Jan 26Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$3.83. Revenue: US$165.2m (up 18% from FY 2022). Net income: US$54.3m (up 3.9% from FY 2022). Profit margin: 33% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.84% (up from 3.73% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.
Reported Earnings • Oct 29Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$1.10. Revenue: US$45.3m (up 21% from 3Q 2022). Net income: US$16.1m (up 13% from 3Q 2022). Profit margin: 36% (down from 38% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 5.8%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US.
お知らせ • Oct 28Summit Financial Group, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2023Summit Financial Group, Inc. reported impairment charges for the third quarter ended September 30, 2023. For the period, the company announced net loan charge-offs of $118,000 against $8,000 a year ago.
Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: US$0.54 (down from US$0.92 in 2Q 2022). Revenue: US$37.7m (up 15% from 2Q 2022). Net income: US$7.98m (down 32% from 2Q 2022). Profit margin: 21% (down from 36% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • May 15Summit Financial Group Files Form 15Summit Financial Group, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $2.50 per share.
お知らせ • May 04Nasdaq Files with the SEC a Notification of Removal from Listing And/Or Registration on Form 25 to Remove Summit’s Common Stock from Listing on NasdaqSummit Financial Group, Inc. notified its principal trading market, The Nasdaq Global Select Market (“Nasdaq”) that the Merger would be effective at 12:02 a.m., Eastern Time, on May 3, 2024. On May 3, 2024, Nasdaq filed with the Securities and Exchange Commission (the “SEC”) a Notification of Removal from Listing and/or Registration Under Section 12(b) of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) on Form 25 to remove Summit’s Common Stock from listing on Nasdaq and withdraw the registration of Summit’s Common Stock under Section 12(b) of the Securities Exchange Act of 1934. Following the effectiveness of such Form 25, Summit intends to file with the SEC certifications on Form 15 under the Exchange Act requesting that the shares of Summit’s Common Stock be deregistered and that Summit’s reporting obligations under Sections 13 and 15(d) of the Exchange Act be suspended.
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: US$1.15 (vs US$1.09 in 1Q 2023)First quarter 2024 results: EPS: US$1.15 (up from US$1.09 in 1Q 2023). Revenue: US$45.0m (up 21% from 1Q 2023). Net income: US$16.8m (up 21% from 1Q 2023). Profit margin: 37% (in line with 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 13Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$3.83. Revenue: US$165.2m (up 18% from FY 2022). Net income: US$54.3m (up 3.9% from FY 2022). Profit margin: 33% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.84% (up from 3.73% in FY 2022). Non-performing loans: 0.34% (up from 0.25% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.
Upcoming Dividend • Mar 07Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.7%). In line with average of industry peers (3.0%).
Declared Dividend • Feb 28Fourth quarter dividend of US$0.22 announcedShareholders will receive a dividend of US$0.22. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (22% payout ratio) and is expected to be well covered in 3 years' time (20% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 4.5% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 23Summit Financial Group, Inc. Declares Dividend for the First Quarter 2024, Payable on March 29, 2024Summit Financial Group, Inc. announced its Board of Directors recently declared a first quarter 2024 dividend of $0.22 per share payable on March 29, 2024 to common shareholders of record as of the close of business on March 15, 2024.
Reported Earnings • Jan 26Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$3.83. Revenue: US$165.2m (up 18% from FY 2022). Net income: US$54.3m (up 3.9% from FY 2022). Profit margin: 33% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.84% (up from 3.73% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.
お知らせ • Dec 08Summit Financial Group, Inc. Announces Resignation of John H. Shott as Member of the Board of DirectorSummit Financial Group, Inc. announced on December 4, 2023, John H. Shott notified the Chairman of the Board of Directors of the company that he voluntarily resigned his position as a member of the Board of Directors (the “ Board”) of the Company effective as of the end of the day on December 6, 2023, the date on which the shareholders of the Company approved the Agreement and Plan of Reorganization and accompanying Plan of Merger (the “Merger Agreement”), dated as of August 24, 2023, by and between Burke & Herbert Financial Services Corp. (“Burke & Herbert”) and the Company. In connection with his decision, Mr. Shott advised that his resignation was not due to a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Upcoming Dividend • Dec 07Upcoming dividend of US$0.22 per share at 3.5% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (3.5%).
お知らせ • Nov 29Summit Financial Group, Inc. Declares Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023Summit Financial Group, Inc. announced its Board of Directors declared a fourth quarter 2023 dividend of $0.22 per share payable on December 29, 2023 to common shareholders of record as of the close of business on December 15, 2023.
Price Target Changed • Oct 31Price target decreased by 8.0% to US$23.00Down from US$25.00, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of US$21.50. The company is forecast to post earnings per share of US$3.82 for next year compared to US$4.10 last year.
Reported Earnings • Oct 29Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$1.10. Revenue: US$45.3m (up 21% from 3Q 2022). Net income: US$16.1m (up 13% from 3Q 2022). Profit margin: 36% (down from 38% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 5.8%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US.
お知らせ • Oct 28Summit Financial Group, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2023Summit Financial Group, Inc. reported impairment charges for the third quarter ended September 30, 2023. For the period, the company announced net loan charge-offs of $118,000 against $8,000 a year ago.
Recent Insider Transactions • Sep 15Independent Director recently bought US$343k worth of stockOn the 14th of September, Gary Hinkle bought around 14k shares on-market at roughly US$24.17 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.0m more in shares than they have sold in the last 12 months.
お知らせ • Sep 12Summit Financial Group, Inc. Announces Resignation of John W. Crites, as A Member of the Board of DirectorsSummit Financial Group, Inc. announced that John W. Crites, II voluntarily resigned his position as a member of the Board of Directors effective September 8, 2023. In connection with his decision, Mr. Crites advised that he had no disagreements with the Company. The Board expresses its gratitude to Mr. Crites for his many years of service to the Company and substantial contributions to the Board.
Upcoming Dividend • Sep 07Upcoming dividend of US$0.22 per share at 3.6% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.9%). In line with average of industry peers (3.7%).
New Risk • Aug 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding).
お知らせ • Aug 26+ 1 more updateSummit Financial Group, Inc. Increases Quarterly Common Dividend, Payable on September 29, 2023Summit Financial Group, Inc. declared a third quarter 2023 dividend of $0.22 per share payable on September 29, 2023 to common shareholders of record as of the close of business on September 15, 2023, representing a 10% increase compared to $0.20 paid in Second Quarter 2023.
Price Target Changed • Jul 31Price target increased by 16% to US$25.00Up from US$21.50, the current price target is provided by 1 analyst. New target price is 11% above last closing price of US$22.56. Stock is down 25% over the past year. The company is forecast to post earnings per share of US$3.67 for next year compared to US$4.10 last year.
New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding).
Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: US$0.54 (down from US$0.92 in 2Q 2022). Revenue: US$37.7m (up 15% from 2Q 2022). Net income: US$7.98m (down 32% from 2Q 2022). Profit margin: 21% (down from 36% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 28Summit Financial Group, Inc. Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2023Summit Financial Group, Inc. reported net loan charge-offs for the second quarter ended June 30, 2023. For the quarter, the company reported net loan charge-offs of $3.828 million against $0.159 million a year ago.
分析記事 • Jun 08If EPS Growth Is Important To You, Summit Financial Group (NASDAQ:SMMF) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Upcoming Dividend • Jun 07Upcoming dividend of US$0.20 per share at 3.8% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of American dividend payers (5.1%). In line with average of industry peers (3.7%).
お知らせ • May 26Summit Financial Group, Inc. Declares Dividend for the Second Quarter 2023, Payable on June 30, 2023Summit Financial Group, Inc. announced its Board of Directors recently declared a second quarter 2023 dividend of $0.20 per share payable on June 30, 2023 to common shareholders of record as of the close of business on June 15, 2023.
Recent Insider Transactions • May 02Executive VP & Chief Risk Officer recently bought US$59k worth of stockOn the 1st of May, Joseph Hager bought around 3k shares on-market at roughly US$19.62 per share. This transaction increased Joseph's direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$199k. Insiders have collectively bought US$626k more in shares than they have sold in the last 12 months.
Price Target Changed • Apr 10Price target decreased by 29% to US$22.00Down from US$31.00, the current price target is provided by 1 analyst. New target price is 11% above last closing price of US$19.81. Stock is down 20% over the past year. The company is forecast to post earnings per share of US$3.68 for next year compared to US$4.10 last year.
Recent Insider Transactions • Mar 19Independent Director recently bought US$199k worth of stockOn the 13th of March, Jason Kitzmiller bought around 9k shares on-market at roughly US$21.75 per share. This transaction amounted to 68% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$556k more in shares than they have sold in the last 12 months.
Reported Earnings • Mar 15Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$4.10 (up from US$3.49 in FY 2021). Revenue: US$140.2m (up 11% from FY 2021). Net income: US$52.3m (up 16% from FY 2021). Profit margin: 37% (up from 36% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.73% (up from 3.54% in FY 2021). Non-performing loans: 0.25% (down from 0.46% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$21.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Banks industry in the US. Total returns to shareholders of 34% over the past three years.
Upcoming Dividend • Mar 07Upcoming dividend of US$0.20 per share at 3.2% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (3.0%).
お知らせ • Jan 28Summit Financial Group, Inc. Reports Unaudited Net Charge-Offs for the Fourth Quarter Ended December 31, 2022Summit Financial Group, Inc. reported unaudited net charge-offs for the fourth quarter ended December 31, 2022. For the quarter, the company reported net loan charge-offs of $1,000 against $193,000 same period a year ago.
Reported Earnings • Jan 26Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$4.10 (up from US$3.49 in FY 2021). Revenue: US$140.2m (up 11% from FY 2021). Net income: US$52.3m (up 16% from FY 2021). Profit margin: 37% (up from 36% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Dec 14Summit Financial Group, Inc. (NasdaqGS:SMMF) signed a definitive merger agreement to acquire PSB Holding Corp. (OTCPK:PSBP) for $51 million.Summit Financial Group, Inc. (NasdaqGS:SMMF) signed a definitive merger agreement to acquire PSB Holding Corp. (OTCPK:PSBP) for $51 million on December 9, 2022. As per the terms of the transaction, PSB shareholders will receive 1.2347 shares of Summit common stock for each outstanding share of PSB common stock. In addition, each outstanding option to purchase shares of PSB Common Stock (“PSB Option”) will be entitled to receive cash in an amount equal to the product obtained by multiplying (i) the difference between (a) $35.00 and (b) the exercise price for each outstanding PSB Option by (ii) the number of shares of PSB Common Stock subject to such PSB Option. Following consummation of the merger, PSB’s bank subsidiary, Provident State Bank, Inc., will be merged with Summit’s bank subsidiary, Summit Community Bank, Inc. PSB shall pay a termination fee of $2.2 million to Summit. The transaction has been approved by each company’s board of directors and is pending regulatory approvals, authorization for listing on the NASDAQ of the shares of Summit Common Stock to be issued in the Merger, effectiveness of the registration statement on Form S-4 and the approval of PSB’s shareholders. The transaction is expected to close in the second quarter of 2023. PSB was advised by the investment banking firm of Piper Sandler & Co., and was represented by the law firm of Kevin M. Houlihan of Holland & Knight LLP. Summit was represented by the law firm of Sandra M. Murphy of Bowles Rice LLP.
Upcoming Dividend • Dec 07Upcoming dividend of US$0.20 per shareEligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (3.1%).
お知らせ • Nov 18Summit Financial Group, Inc. Declares Dividend for Fourth Quarter 2022, Payable on December 30, 2022Summit Financial Group, Inc. announced its Board of Directors declared a fourth quarter 2022 dividend of $0.20 per share payable on December 30, 2022 to common shareholders of record as of the close of business on December 15, 2022.
お知らせ • Oct 28Summit Financial Group, Inc. Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2022Summit Financial Group, Inc. reported Net loan charge-offs for the third quarter ended September 30, 2022. For the quarter, the company reported Net loan charge-offs of $8,000 against $370,000 a year ago.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: US$1.11 (vs US$0.93 in 3Q 2021)Third quarter 2022 results: EPS: US$1.11 (up from US$0.93 in 3Q 2021). Revenue: US$37.5m (up 15% from 3Q 2021). Net income: US$14.2m (up 18% from 3Q 2021). Profit margin: 38% (up from 37% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 07Upcoming dividend of US$0.20 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.2%).
分析記事 • Aug 29Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year'sSummit Financial Group, Inc.'s ( NASDAQ:SMMF ) periodic dividend will be increasing on the 30th of September to $0.20...
お知らせ • Aug 26Summit Financial Group, Inc. Increases Quarterly Dividend for the Third Quarter of 2022, Payable on September 30, 2022Summit Financial Group, Inc. announced its Board of Directors declared a third quarter of 2022 dividend of $0.20 per share payable on September 30, 2022 to common shareholders of record as of the close of business on September 15, 2022, representing an 11% increase compared to the $0.18 paid in the second quarter of 2022.
Seeking Alpha • Aug 25Summit Financial raises dividend by 11% to $0.20Summit Financial (NASDAQ:SMMF) declares $0.20/share quarterly dividend, 11.1% increase from prior dividend of $0.18. Forward yield 2.72% Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 14. See SMMF Dividend Scorecard, Yield Chart, & Dividend Growth.
お知らせ • Jul 29Summit Financial Group, Inc. Announces Net Loan Charge Offs for the Quarter Ended June 30, 2022Summit Financial Group, Inc. announced net loan charge offs for the quarter ended June 30, 2022. for the quarter, the company reported net loan charge offs of $159,000 as compared to $202,000 a year ago.
Reported Earnings • Jul 28Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: US$0.92 (up from US$0.81 in 2Q 2021). Revenue: US$32.8m (up 7.5% from 2Q 2021). Net income: US$11.8m (up 13% from 2Q 2021). Profit margin: 36% (up from 34% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 14%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Seeking Alpha • Jul 28Summit Financial Q2 GAAP EPS, revenue up Y/YSummit Financial press release (NASDAQ:SMMF): Q2 GAAP EPS of $0.92 (vs. $0.80 in prior-year quarter). Revenue of $38.46M (+22.0% Y/Y).
Upcoming Dividend • Jun 07Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (3.9%). Lower than average of industry peers (2.9%).
分析記事 • Jun 03Summit Financial Group (NASDAQ:SMMF) Will Pay A Dividend Of US$0.18The board of Summit Financial Group, Inc. ( NASDAQ:SMMF ) has announced that it will pay a dividend on the 30th of...
お知らせ • Jun 01Summit Financial Group, Inc. Declares Second Quarter 2022 Dividend, Payable on June 30, 2022Summit Financial Group, Inc. announces its Board of Directors recently declared a second quarter 2022 dividend of $0.18 per share payable on June 30, 2022 to common shareholders of record as of the close of business on June 15, 2022.
Major Estimate Revision • May 05Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$126.3m to US$134.4m. EPS estimate increased from US$3.49 to US$3.90 per share. Net income forecast to grow 8.5% next year vs 2.6% growth forecast for Banks industry in the US. Consensus price target up from US$30.00 to US$31.50. Share price was steady at US$26.97 over the past week.
Reported Earnings • Apr 29First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: US$0.90 (up from US$0.80 in 1Q 2021). Revenue: US$32.1m (up 8.2% from 1Q 2021). Net income: US$11.5m (up 11% from 1Q 2021). Profit margin: 36% (in line with 1Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 5.8%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 12Summit Financial Group, Inc., Annual General Meeting, May 19, 2022Summit Financial Group, Inc., Annual General Meeting, May 19, 2022, at 13:00 US Eastern Standard Time. Agenda: To consider election of directors; to adopt a non-binding resolution to approve the compensation of the company's named executive officers; to consider ratification of auditor; and to consider other matters.
Upcoming Dividend • Mar 07Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (2.5%).
Reported Earnings • Mar 06Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: US$3.49 (up from US$2.42 in FY 2020). Revenue: US$126.1m (up 25% from FY 2020). Net income: US$45.1m (up 44% from FY 2020). Profit margin: 36% (up from 31% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 7.1%, compared to a 6.0% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 26Summit Financial Group, Inc. Declares First Quarter 2022 Dividend, Payable on March 31, 2022Summit Financial Group, Inc. announced its Board of Directors recently declared a first quarter 2022 dividend of $0.18 per share payable on March 31, 2022 to common shareholders of record as of the close of business on March 15, 2022.
Major Estimate Revision • Feb 03Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$129.3m to US$135.1m. EPS estimate increased from US$2.91 to US$3.39 per share. Net income forecast to shrink 3.4% next year vs 7.1% decline forecast for Banks industry in the US. Consensus price target up from US$28.50 to US$31.00. Share price was steady at US$27.54 over the past week.
Price Target Changed • Jan 30Price target increased to US$29.50Up from US$27.00, the current price target is an average from 2 analysts. New target price is 7.5% above last closing price of US$27.45. Stock is up 33% over the past year. The company is forecast to post earnings per share of US$3.57 for next year compared to US$3.49 last year.
Reported Earnings • Jan 29Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: US$3.49 (up from US$2.42 in FY 2020). Revenue: US$126.1m (up 25% from FY 2020). Net income: US$45.1m (up 44% from FY 2020). Profit margin: 36% (up from 31% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 2.5%, compared to a 4.1% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Seeking Alpha • Jan 19Summit Financials: Reasonably Priced With Acquisition UpsideWell-run bank with industry-leading efficiency ratios. Proven acquirer with a history of successful acquisitions with manageable earn-back periods. Improvement in the core deposit base has largely improved the cost of funding. The management team convey confidence in the latest earnings release, highlighting strong loan growth expectation.
Upcoming Dividend • Dec 07Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (2.3%).
分析記事 • Nov 23Summit Financial Group (NASDAQ:SMMF) Will Pay A Larger Dividend Than Last Year At US$0.18Summit Financial Group, Inc. ( NASDAQ:SMMF ) will increase its dividend on the 31st of December to US$0.18. This takes...
Reported Earnings • Oct 30Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$32.7m (up 18% from 3Q 2020). Net income: US$12.1m (up 26% from 3Q 2020). Profit margin: 37% (up from 35% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.
Recent Insider Transactions Derivative • Sep 21Insider exercised options to buy US$94k worth of stock.On the 16th of September, Bradford Ritchie exercised options to buy 4k shares at a strike price of around US$24.09, costing a total of US$96k. This transaction amounted to 17% of their direct individual holding at the time of the trade. Since March 2021, Bradford's direct individual holding has increased from 23.34k shares to 27.82k. Company insiders have collectively bought US$315k more than they sold, via options and on-market transactions, in the last 12 months.
分析記事 • Sep 02Summit Financial Group's (NASDAQ:SMMF) Shareholders Will Receive A Bigger Dividend Than Last YearSummit Financial Group, Inc. ( NASDAQ:SMMF ) has announced that it will be increasing its dividend on the 30th of...
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$0.81 (vs US$0.54 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$30.5m (up 29% from 2Q 2020). Net income: US$10.4m (up 50% from 2Q 2020). Profit margin: 34% (up from 29% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 08Upcoming dividend of US$0.17 per shareEligible shareholders must have bought the stock before 14 June 2021. Payment date: 30 June 2021. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (3.4%). Higher than average of industry peers (2.1%).
お知らせ • May 29Summit Financial Group, Inc. Declares a Second Quarter 2021 Dividend Payable on June 30, 2021Summit Financial Group, Inc. announced its Board of Directors declared a second quarter 2021 dividend of $0.17 per share payable on June 30, 2021 to common shareholders of record as of the close of business on June 15, 2021.
分析記事 • May 14Some Shareholders May find It Hard To Increase Summit Financial Group, Inc.'s (NASDAQ:SMMF) CEO Compensation This YearPerformance at Summit Financial Group, Inc. ( NASDAQ:SMMF ) has been reasonably good and CEO Charlie Maddy has done a...
分析記事 • May 07If You Like EPS Growth Then Check Out Summit Financial Group (NASDAQ:SMMF) Before It's Too LateLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Reported Earnings • Apr 24First quarter 2021 earnings released: EPS US$0.80 (vs US$0.35 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$29.7m (up 44% from 1Q 2020). Net income: US$10.4m (up 130% from 1Q 2020). Profit margin: 35% (up from 22% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
分析記事 • Apr 02How Does Summit Financial Group, Inc. (NASDAQ:SMMF) Stand Up To These Simple Dividend Safety Checks?Is Summit Financial Group, Inc. ( NASDAQ:SMMF ) a good dividend stock? How can we tell? Dividend paying companies with...
Reported Earnings • Mar 13Full year 2020 earnings released: EPS US$2.42 (vs US$2.55 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$101.1m (up 8.9% from FY 2019). Net income: US$31.3m (down 1.7% from FY 2019). Profit margin: 31% (down from 34% in FY 2019). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.71% (up from 3.66% in FY 2019). Non-performing loans: 0.84% (up from 0.60% in FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Mar 13Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 23%, compared to a 18% growth forecast for the Banks industry in the US.
分析記事 • Mar 07Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming DividendSome investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Is New 90 Day High Low • Feb 27New 90-day high: US$24.09The company is up 11% from its price of US$21.70 on 27 November 2020. The American market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$46.61 per share.
分析記事 • Feb 22Shareholders Of Summit Financial Group (NASDAQ:SMMF) Must Be Happy With Their 87% ReturnIf you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...
Major Estimate Revision • Feb 09Analysts increase EPS estimates to US$2.94The 2021 consensus revenue estimate increased from US$118.2m to US$124.3m. The earnings per share estimate also received an upgrade from US$2.37 to US$2.94 for the same period. Net income is expected to grow by 21% next year compared to 14% growth forecast for the Banks industry in the US. The consensus price target was lowered from US$24.50 to US$22.75. Share price is up 12% to US$23.38 over the past week.
Price Target Changed • Feb 03Price target lowered to US$22.75Down from US$24.50, the current price target is an average from 2 analysts. The new target price is close to the current share price of US$21.79. As of last close, the stock is down 16% over the past year.
Reported Earnings • Feb 02Full year 2020 earnings released: EPS US$2.42 (vs US$2.55 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$101.1m (up 8.9% from FY 2019). Net income: US$31.3m (down 1.7% from FY 2019). Profit margin: 31% (down from 34% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 02Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the Banks industry in the US.
分析記事 • Jan 26Is Summit Financial Group, Inc. (NASDAQ:SMMF) Popular Amongst Insiders?Every investor in Summit Financial Group, Inc. ( NASDAQ:SMMF ) should be aware of the most powerful shareholder groups...
Is New 90 Day High Low • Jan 07New 90-day high: US$23.51The company is up 37% from its price of US$17.16 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$46.93 per share.
分析記事 • Dec 30What Can We Conclude About Summit Financial Group's (NASDAQ:SMMF) CEO Pay?Charlie Maddy became the CEO of Summit Financial Group, Inc. ( NASDAQ:SMMF ) in 1994, and we think it's a good time to...
Is New 90 Day High Low • Dec 16New 90-day high: US$22.50The company is up 43% from its price of US$15.73 on 16 September 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$44.85 per share.
分析記事 • Dec 09Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming DividendIt looks like Summit Financial Group, Inc. ( NASDAQ:SMMF ) is about to go ex-dividend in the next four days. Investors...
分析記事 • Dec 06Independent Director Gary Hinkle Just Bought 1.2% More Shares In Summit Financial Group, Inc. (NASDAQ:SMMF)Investors who take an interest in Summit Financial Group, Inc. ( NASDAQ:SMMF ) should definitely note that the...
Recent Insider Transactions • Dec 06Independent Director recently bought US$105k worth of stockOn the 2nd of December, Gary Hinkle bought around 5k shares on-market at roughly US$21.17 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$213k more in shares than they have sold in the last 12 months.
Valuation Update With 7 Day Price Move • Nov 14Market bids up stock over the past weekAfter last week's 15% share price gain to US$20.04, the stock is trading at a trailing P/E ratio of 8.8x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 11x in the Banks industry in the US. Total return to shareholders over the past three years is a loss of 18%.
Is New 90 Day High Low • Nov 10New 90-day high: US$19.60The company is up 20% from its price of US$16.40 on 12 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$40.18 per share.
Reported Earnings • Nov 09Third quarter 2020 earnings released: EPS US$0.74The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: US$27.7m (up 22% from 3Q 2019). Net income: US$9.62m (up 19% from 3Q 2019). Profit margin: 35% (down from 36% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Nov 09Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 124%. Over the next year, revenue is forecast to grow 25%, compared to a 18% growth forecast for the Banks industry in the US.