This 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 (SMMF) 주식 개요Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. 자세히 보기SMMF 펀더멘털 분석스노우플레이크 점수가치 평가5/6미래 성장0/6과거 실적3/6재무 건전성6/6배당2/6강점공정 가치 추정치보다 낮은 64.5% 에서 거래지난 1년간 수익이 4.7% 증가했습니다.동종업계 및 업계 대비 좋은 가치로 거래위험 분석지난 1년 동안 주주가 희석되었습니다.불안정한 배당 실적모든 위험 점검 보기SMMF Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$25.70118.7% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0220m2016201920222025202620282031Revenue US$219.7mEarnings US$72.7mAdvancedSet Fair ValueView all narrativesSummit Financial Group, Inc. 경쟁사Bank7Symbol: NasdaqGS:BSVNMarket cap: US$416.9mPrivate Bancorp of AmericaSymbol: OTCPK:PBAMMarket cap: US$418.9mWest Coast Community BancorpSymbol: OTCPK:WCCBMarket cap: US$523.0mSouthern States BancsharesSymbol: NasdaqGS:SSBKMarket cap: US$360.9m가격 이력 및 성과Summit Financial Group 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$25.7052주 최고가US$31.4952주 최저가US$17.06베타0.401개월 변동-0.89%3개월 변동-9.09%1년 변동41.21%3년 변동3.30%5년 변동-0.73%IPO 이후 변동407.65%최근 뉴스 및 업데이트공시 • 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.공시 • 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.더 많은 업데이트 보기Recent updates공시 • 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.공시 • 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.공시 • 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.공시 • 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%).공시 • 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.공시 • 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.공시 • 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).공시 • 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.공시 • 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.분석 기사 • 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%).공시 • 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%).공시 • 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.공시 • 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%).공시 • 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.공시 • 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%).분석 기사 • 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...공시 • 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.공시 • 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%).분석 기사 • 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...공시 • 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.공시 • 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.공시 • 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%).분석 기사 • 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.분석 기사 • 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%).공시 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.주주 수익률SMMFUS BanksUS 시장7D-6.4%2.4%1.1%1Y41.2%22.3%28.7%전체 주주 수익률 보기수익률 대 산업: SMMF은 지난 1년 동안 22.3%의 수익을 기록한 US Banks 산업과 동일한 성과를 보였습니다.수익률 대 시장: SMMF은 지난 1년 동안 28.7%를 기록한 US 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is SMMF's price volatile compared to industry and market?SMMF volatilitySMMF Average Weekly Movement5.3%Banks Industry Average Movement3.4%Market Average Movement7.2%10% most volatile stocks in US Market16.4%10% least volatile stocks in US Market3.1%안정적인 주가: SMMF는 지난 3개월 동안 US 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: SMMF의 주간 변동성(5%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1987496Charlie Maddywww.summitfgi.com더 보기Summit Financial Group, Inc. 기초 지표 요약Summit Financial Group의 순이익과 매출은 시가총액과 어떻게 비교됩니까?SMMF 기초 통계시가총액US$377.45m순이익 (TTM)US$57.29m매출 (TTM)US$173.12m6.6x주가수익비율(P/E)0.9x주가순자산비율(P/B)SMMF는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표SMMF 손익계산서 (TTM)매출US$173.12m매출원가US$0총이익US$173.12m기타 비용US$115.84m순이익US$57.29m최근 보고된 실적Mar 31, 2024다음 실적 발표일해당 없음주당순이익(EPS)3.90총이익률100.00%순이익률33.09%부채/자본 비율85.1%SMMF의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당3.4%현재 배당 수익률22%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/05/03 17:36종가2024/05/03 00:00수익2024/03/31연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Summit Financial Group, Inc.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Stephen MossBrean Capital Historical (Janney Montgomery)Russell Elliott GuntherD.A. Davidson & Co.Nicholas CucharalePiper Sandler Companies
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
분석 기사 • 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%).
공시 • 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%).
공시 • 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.
공시 • 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%).
공시 • 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.
공시 • 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%).
분석 기사 • 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...
공시 • 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.
공시 • 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%).
분석 기사 • 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...
공시 • 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.
공시 • 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.
공시 • 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%).
분석 기사 • 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.
분석 기사 • 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%).
공시 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
