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SMMF

Summit Financial Group NasdaqGS:SMMF Stock Report

Last Price

US$27.22

Market Cap

US$347.5m

7D

-3.1%

1Y

11.9%

Updated

27 Sep, 2022

Data

Company Financials +
SMMF fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends3/6

SMMF Stock Overview

Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc.

Summit Financial Group, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Summit Financial Group
Historical stock prices
Current Share PriceUS$27.22
52 Week HighUS$30.83
52 Week LowUS$24.18
Beta0.38
1 Month Change-6.33%
3 Month Change-1.05%
1 Year Change11.88%
3 Year Change6.62%
5 Year Change1.45%
Change since IPO437.68%

Recent News & Updates

Aug 29
Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's

Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's

Summit Financial Group, Inc.'s ( NASDAQ:SMMF ) periodic dividend will be increasing on the 30th of September to $0.20...

Aug 25

Summit Financial raises dividend by 11% to $0.20

Summit 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.

Shareholder Returns

SMMFUS BanksUS Market
7D-3.1%-8.5%-6.9%
1Y11.9%-24.9%-23.7%

Return vs Industry: SMMF exceeded the US Banks industry which returned -24.9% over the past year.

Return vs Market: SMMF exceeded the US Market which returned -23.7% over the past year.

Price Volatility

Is SMMF's price volatile compared to industry and market?
SMMF volatility
SMMF Average Weekly Movement2.8%
Banks Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: SMMF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SMMF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987439Charlie Maddyhttps://www.summitfgi.com

Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia, and the Central region of Kentucky. The company’s community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and land development, residential real estate, and consumer loans; and mortgage warehouse lines of credit, as well as trust and wealth management, cash management, and insurance services. As of December 31, 2021, it operated through 45 banking offices.

Summit Financial Group, Inc. Fundamentals Summary

How do Summit Financial Group's earnings and revenue compare to its market cap?
SMMF fundamental statistics
Market CapUS$347.49m
Earnings (TTM)US$47.63m
Revenue (TTM)US$130.86m

7.3x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMMF income statement (TTM)
RevenueUS$130.86m
Cost of RevenueUS$0
Gross ProfitUS$130.86m
Other ExpensesUS$83.23m
EarningsUS$47.63m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.73
Gross Margin100.00%
Net Profit Margin36.39%
Debt/Equity Ratio124.2%

How did SMMF perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

19%

Payout Ratio