Summit Financial Group, Inc. – NASDAQ:SMMF

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-1.15%

month

-9.09%

quarter

+37.58%

year

Market Cap	377.44M
Enterprise value	740.22M

P/E	6.48
EV/Sales	3.17
EV/EBITDA	17.38
Price/Sales	1.61
Price/Book	0.83
PEG ratio	-0.31
EPS	3.92

Revenue	233.24M
EBITDA	32.53M
Income	58.18M
Revenue Q/Q	86.35%
Revenue Y/Y	56.84%

Profit margin	24.95%
Oper. margin	33.9%
Gross margin	100%
EBIT margin	33.9%
EBITDA margin	13.95%

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10 years history
Forward ratios (Analysts estimates)

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Summit Financial Group, Inc. (NASDAQ:SMMF): Profit margin
Jun 2023	44.78M	8.20M	18.33%
Sep 2023	45.56M	16.33M	35.84%
Dec 2023	72.30M	16.59M	22.96%
Mar 2024	70.58M	17.04M	24.15%

Summit Financial Group Financials Estimate

Q Y

Summit Financial Group, Inc. (NASDAQ:SMMF): Analyst Estimates
Mar 2024	70.58M	17.04M	24.15%
Sep 2025	48.19M	15.30M	31.76%
Oct 2025	48.2M	15.34M	31.83%
Dec 2025	49.1M	16.66M	33.95%

Analysts Price target
Financials & Ratios estimates

Summit Financial Group, Inc. (NASDAQ:SMMF): Payout ratio
Payout ratio	23.24%

Summit Financial Group, Inc. (NASDAQ:SMMF): Dividend Yield
2019	2.17%
2020	3.08%
2021	2.71%
2022	3.34%
2023	2.95%

Summit Financial Group, Inc. (NASDAQ:SMMF): Debt to assets
Jun 2023	4552270000	4.13B	90.92%
Sep 2023	4604208000	4.18B	90.95%
Dec 2023	4634322000	4.19B	90.5%
Mar 2024	4642884000	4.18B	90.22%

Summit Financial Group, Inc. (NASDAQ:SMMF): Cash Flow
Jun 2023	14.69M	-26.24M	3.96M
Sep 2023	23.02M	-68.87M	42.15M
Dec 2023	18.79M	-28.43M	1.60M
Mar 2024	19.33M	-5.19M	-10.72M

Summit Financial Group alternative data

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Summit Financial Group
Employees

Summit Financial Group, Inc. (NASDAQ:SMMF): Employee count
Aug 2023	432
Sep 2023	432
Oct 2023	432
Nov 2023	432
Dec 2023	432
Jan 2024	432
Feb 2024	432
Mar 2024	496
Apr 2024	496
May 2024	496
Jun 2024	496
Jul 2024	496

Summit Financial Group
Hedge Funds Holdings Q1 2023

19.40% -10.95%

of SMMF is owned by hedge funds

46 -24

hedge funds hold SMMF stock

2.48M -1.40M

shares is hold by hedge funds

SMMF hedge funds holdings changes

Summit Financial Group
Insider Trading

Summit Financial Group, Inc. (NASDAQ:SMMF): Insider trades (number of shares)
Period	Buy	Sel
May 2023	4242	0
Aug 2023	1850	0
Sep 2023	14201	0
Mar 2024	896	0

Transaction	Date	Insider	Security	Shares	Price per share	Total value
Option	3 May 2024	BEAN OSCAR M director, other: Chairman of the Board director, other: Chairman of th..	Phantom Stock	2,066	N/A	N/A
Option	3 May 2024	HINKLE GARY L director director	Common Stock	7,509	$26.47	$198,763
Option	3 May 2024	HINKLE GARY L director director	Phantom Stock	7,509	N/A	N/A
Option	3 May 2024	PICCIRILLO CHARLES director director	Common Stock	7,793	$26.47	$206,281
Option	3 May 2024	BEAN OSCAR M director, other: Chairman of the Board director, other: Chairman of th..	Common Stock	2,066	$26.47	$54,687
Option	3 May 2024	PICCIRILLO CHARLES director director	Phantom Stock	7,793	N/A	N/A
Option	3 May 2024	BRIDGEFORTH J. SCOTT director director	Common Stock	1,085	$26.47	$28,720
Option	3 May 2024	COOKMAN JAMES M director director	Common Stock	6,011	$26.47	$159,111
Option	3 May 2024	COOKMAN JAMES M director director	Phantom Stock	6,011	N/A	N/A
Option	3 May 2024	BRIDGEFORTH J. SCOTT director director	Phantom Stock	1,085	N/A	N/A

SMMF insider trading transactions

Summit Financial Group
Executives

Insider	Age	Compensation
Mr. H. Charles Maddy III (1963) Vice Chairman, Pres & Chief Executive Officer	62	$829,090
Mr. Bradford E. Ritchie (1968) Executive Vice President & Pres of Summit Community Bank	57	$506,190
Mr. Scott C. Jennings (1961) Executive Vice President & Chief Operating Officer	64	$459,760
Mr. Robert S. Tissue (1963) Executive Vice President & Chief Financial Officer	62	$459,060
Mr. Patrick N. Frye (1959) Executive Vice President & Chief of Credit Admin.	66	$420,160

Summit Financial Group
Latest News

Thursday, 12 December 2024
09:31	Summit Financial Accelerates Rapid-Fire Expansion With $550M Acquisition of Midway Wealth Partners	businesswire.com
Monday, 25 November 2024
09:29	Summit Financial Continues to Surge Forward with $420M Asset Acquisition in Three Leading Advisory Firms	businesswire.com
Friday, 21 June 2024
10:30	ETP Summit Financial Experts Advocate up to 3% Digital Asset Allocation in "Portfolio 3.0"	globenewswire.com
Tuesday, 11 June 2024
11:00	$1.9B Merrill Lynch California Breakaway Team Joins Summit Financial, Marking the 11th Summit Transaction This Year, Chooses Goldman Sachs as Custodian	businesswire.com
Wednesday, 15 May 2024
09:30	Summit Financial Launches Kyros Private Wealth, Expanding its Independent Partnership Model Nationwide	businesswire.com
Friday, 26 April 2024
08:30	Burke & Herbert Financial Services Corp. Announces First Quarter 2024 Results and Declares Common Stock Dividend	prnewswire.com
Thursday, 25 April 2024
06:00	Summit Financial Group Reports First Quarter 2024 Earnings of $1.14 Per Share	globenewswire.com
Friday, 19 April 2024
08:30	Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Receipt of Regulatory Approvals and Closing Date for Merger of Equals	prnewswire.com
Wednesday, 17 April 2024
11:00	Summit Financial Enhances Open-Architecture Private Markets Offering, Supporting Advisors with Suite of High-Net-Worth Services	businesswire.com
Tuesday, 5 December 2023
11:18	Should Value Investors Buy Summit Financial Group (SMMF) Stock?	Zacks Investment Research
09:01	Best Income Stocks to Buy for December 5th	Zacks Investment Research
09:01	Best Value Stocks to Buy for December 5th	Zacks Investment Research
08:16	New Strong Buy Stocks for December 5th	Zacks Investment Research
Saturday, 28 October 2023
08:30	Use This Bear Market As A Passive Income Accelerator	Seeking Alpha
Friday, 8 September 2023
09:49	14 Upcoming Dividend Increases	Seeking Alpha
Thursday, 31 August 2023
09:46	Best Value Stocks to Buy for August 31st	Zacks Investment Research
04:31	Best Income Stocks to Buy for August 31st	Zacks Investment Research
Wednesday, 30 August 2023
11:16	Are Investors Undervaluing Summit Financial Group (SMMF) Right Now?	Zacks Investment Research
Monday, 28 August 2023
14:17	Summit Financial (SMMF) Cheers Investors By 10% Dividend Hike	Zacks Investment Research
Monday, 27 March 2023
12:03	3 Financials The Insiders Are Buying	MarketBeat
Thursday, 26 January 2023
09:02	Summit Financial (SMMF) Misses Q4 Earnings and Revenue Estimates	Zacks Investment Research
Thursday, 27 October 2022
09:02	Summit Financial (SMMF) Q3 Earnings Lag Estimates	Zacks Investment Research
Thursday, 22 September 2022
12:48	Why Summit Financial (SMMF) is a Great Dividend Stock Right Now	Zacks Investment Research
Thursday, 8 September 2022
13:32	What Makes Summit Financial (SMMF) a New Strong Buy Stock	Zacks Investment Research
09:02	New Strong Buy Stocks for September 8th	Zacks Investment Research
05:16	Best Income Stocks to Buy for September 8th	Zacks Investment Research
Tuesday, 6 September 2022
12:47	Why Summit Financial (SMMF) is a Top Dividend Stock for Your Portfolio	Zacks Investment Research
Monday, 22 August 2022
09:47	New Strong Buy Stocks for August 22nd	Zacks Investment Research
Tuesday, 2 August 2022
12:50	This is Why Summit Financial (SMMF) is a Great Dividend Stock	Zacks Investment Research
Tuesday, 28 June 2022
13:06	Summit Financial (SMMF) Could Be a Great Choice	Zacks Investment Research

Ideas & Opinions

Seeking Alpha 19 Jan 2022

Summit Financials: Reasonably Priced With Acquisition Upside

Frequently Asked Questions (FAQ)

When is Summit Financial Group's next earnings date?

Unfortunately, Summit Financial Group's (SMMF) next earnings date is currently unknown.
Does Summit Financial Group pay dividends?

Yes, Summit Financial Group pays dividends and its trailing 12-month yield is 0.86% with 23% payout ratio. The last Summit Financial Group stock dividend of $0.18 was paid on 31 Dec 2021.
How much money does Summit Financial Group make?

Summit Financial Group has a market capitalization of 377.44M and it's past years’ income statements indicate that its last revenue has increased compared to the previous period by 82.6% to 263.33M US dollars.
What is Summit Financial Group's stock symbol?

Summit Financial Group, Inc. is traded on the NASDAQ under the ticker symbol "SMMF".
What is Summit Financial Group's primary industry?

Company operates in the Financial Services sector and Banks - Regional industry.
How do i buy shares of Summit Financial Group?

Shares of Summit Financial Group can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Who are Summit Financial Group's key executives?
Summit Financial Group's management team includes the following people:
- Mr. H. Charles Maddy III Vice Chairman, Pres & Chief Executive Officer(age: 62, pay: $829,090)
- Mr. Bradford E. Ritchie Executive Vice President & Pres of Summit Community Bank(age: 57, pay: $506,190)
- Mr. Scott C. Jennings Executive Vice President & Chief Operating Officer(age: 64, pay: $459,760)
- Mr. Robert S. Tissue Executive Vice President & Chief Financial Officer(age: 62, pay: $459,060)
- Mr. Patrick N. Frye Executive Vice President & Chief of Credit Admin.(age: 66, pay: $420,160)
How many employees does Summit Financial Group have?

As Jul 2024, Summit Financial Group employs 496 workers.
When Summit Financial Group went public?

Summit Financial Group, Inc. is publicly traded company for more then 25 years since IPO on 7 Jan 2000.
What is Summit Financial Group's official website?

The official website for Summit Financial Group is summitfgi.com.
Where are Summit Financial Group's headquarters?

Summit Financial Group is headquartered at 300 North Main Street, Moorefield, WV.
How can i contact Summit Financial Group?

Summit Financial Group's mailing address is 300 North Main Street, Moorefield, WV and company can be reached via phone at +30 45301000.

Summit Financial Group, Inc.

summitfgi.com

Exchange:

NASDAQ

Full time employees:

496

Industry:

Banks - Regional

Sector:

Financial Services

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. The company was incorporated in 1987 and is headquartered in Moorefield, West Virginia.

+30 45301000

300 North Main Street
Moorefield, WV 26836

CIK: 0000811808
ISIN: US86606G1013
CUSIP: 86606G101