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SMMF

SMMF - Summit Financial Group Inc Stock Price, Fair Value and News

26.23USD+0.45 (+1.75%)Delayed as of 28 Mar 2024, 12:59 pm ET

Market Summary

SMMF
USD26.23+0.45
Delayedas of 28 Mar 2024, 12:59 pm
1.75%

SMMF Alerts

  • Big jump in Revenue (Y/Y)

SMMF Stock Price

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SMMF RSI Chart

SMMF Valuation

Market Cap

378.5M

Price/Earnings (Trailing)

6.85

Price/Sales (Trailing)

1.56

EV/EBITDA

1.45

Price/Free Cashflow

5.68

SMMF Price/Sales (Trailing)

SMMF Profitability

EBT Margin

29.03%

Return on Equity

12.55%

Return on Assets

1.19%

Free Cashflow Yield

17.6%

SMMF Fundamentals

SMMF Revenue

Revenue (TTM)

242.5M

Rev. Growth (Yr)

39.04%

Rev. Growth (Qtr)

2.82%

SMMF Earnings

Earnings (TTM)

55.2M

Earnings Growth (Yr)

10.02%

Earnings Growth (Qtr)

1.62%

Breaking Down SMMF Revenue

52 Week Range

17.0626.30
(Low)(High)

Last 7 days

3.2%

Last 30 days

-4.6%

Last 90 days

-14.5%

Trailing 12 Months

11.9%

How does SMMF drawdown profile look like?

SMMF Financial Health

SMMF Investor Care

Dividend Yield

3.26%

Dividend/Share (TTM)

0.84

Shares Dilution (1Y)

14.86%

Diluted EPS (TTM)

3.82

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023176.3M201.6M223.9M242.5M
2022125.5M131.2M142.7M158.7M
2021117.1M119.1M120.8M122.4M
2020108.8M109.9M111.9M115.0M
201998.4M101.9M105.3M107.1M
201889.8M90.9M92.7M95.4M
201766.6M73.5M79.7M84.5M
201659.3M59.9M61.3M64.1M
201558.3M58.6M58.4M58.9M
201456.8M56.8M57.5M57.6M
201361.7M59.7M58.1M57.3M
201269.6M67.8M65.8M63.9M
201177.2M75.1M73.2M71.0M
2010086.2M83.0M79.7M
200900089.5M

Tracking the Latest Insider Buys and Sells of Summit Financial Group Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Dec 22, 2023
frye patrick
gifted
-
-
-1,500
sr. vp & chief of credit admin
Sep 14, 2023
hinkle gary l
bought
81,043
24.07
3,367
-
Sep 13, 2023
hinkle gary l
bought
259,182
24.2
10,710
-
Sep 12, 2023
hinkle gary l
bought
2,996
24.1661
124
-
Aug 29, 2023
upson jill s
bought
45,895
24.8082
1,850
-
May 04, 2023
jennings scott c
bought
18,167
18.1677
1,000
evp & coo
May 02, 2023
bean oscar m
bought
4,489
18.5529
242
-
May 01, 2023
hager joseph
bought
58,860
19.62
3,000
evp & chief risk officer
Apr 14, 2023
frye patrick
acquired
-
-
1,330
sr. vp & chief of credit admin
Apr 14, 2023
maddy h charles iii
acquired
-
-
1,677
president & ceo

1–10 of 50

Which funds bought or sold SMMF recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
unchanged
-
24,809
93,420
-%
Mar 11, 2024
VANGUARD GROUP INC
added
0.98
4,761,670
17,462,700
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
98.85
763,160
1,210,110
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.41
44,779
170,575
-%
Feb 26, 2024
Virtu Financial LLC
new
-
384,000
384,000
0.03%
Feb 15, 2024
Legal & General Group Plc
unchanged
-
7,237
27,253
-%
Feb 15, 2024
BARCLAYS PLC
new
-
978,000
978,000
-%
Feb 14, 2024
Jentner Corp
added
0.88
89,659
329,691
0.13%
Feb 14, 2024
EJF Capital LLC
added
19.03
1,740,140
4,543,870
2.38%
Feb 14, 2024
LPL Financial LLC
reduced
-4.35
110,821
477,290
-%

1–10 of 50

Are Funds Buying or Selling SMMF?

Are funds buying SMMF calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own SMMF
No. of Funds

Unveiling Summit Financial Group Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jan 29, 2024
blackrock inc.
6.0%
880,859
SC 13G
Sep 05, 2023
castle creek capital partners v, lp
4.8%
699,745
SC 13D/A
May 05, 2023
blackrock inc.
4.1%
735,579
SC 13G/A
Feb 01, 2023
blackrock inc.
5.9%
753,859
SC 13G/A
Feb 01, 2022
blackrock inc.
5.3%
691,390
SC 13G/A
Dec 09, 2021
castle creek capital partners v, lp
5.9%
744,731
SC 13D/A
Feb 02, 2021
blackrock inc.
5.1%
665,412
SC 13G
Jun 09, 2020
blackrock inc.
4.99%
647,747
SC 13G/A
Feb 07, 2020
blackrock inc.
5.2%
651,458
SC 13G

Recent SEC filings of Summit Financial Group Inc

View All Filings
Date Filed Form Type Document
Mar 12, 2024
10-K
Annual Report
Feb 06, 2024
425
Prospectus Filed
Jan 29, 2024
SC 13G
Major Ownership Report
Jan 26, 2024
425
Prospectus Filed
Jan 25, 2024
8-K
Current Report
Jan 12, 2024
13F-HR
Fund Holdings Report
Dec 27, 2023
4
Insider Trading

Peers (Alternatives to Summit Financial Group Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
574.7B
171.1B
9.83% 42.39%
11.6
3.36
60.72% 31.52%
297.7B
130.3B
8.68% 33.18%
11.23
2.29
79.51% -3.68%
206.2B
85.7B
10.06% 39.05%
10.77
2.41
41.49% 39.96%
120.0B
133.3B
10.88% 37.45%
13
0.9
79.09% -
16.4B
10.2B
11.38% -2.76%
10.23
1.61
44.53% -22.43%
14.6B
7.9B
6.82% 30.36%
15.11
1.84
46.47% -49.56%
MID-CAP
7.2B
4.2B
2.60% 18.49%
8.16
1.72
56.25% -23.46%
6.4B
3.9B
0.02% 35.77%
9.4
1.62
45.91% -25.03%
3.3B
1.3B
-0.91% 7.40%
12.35
2.6
43.24% -22.35%
3.2B
2.0B
-1.30% -0.93%
17.55
1.64
70.97% -50.03%
SMALL-CAP
509.4M
120.2M
2.72% 45.71%
19.47
4.24
25.23% -24.02%
428.7M
164.9M
-6.65% 19.35%
36.65
2.6
42.66% -70.76%
411.8M
162.6M
-0.86% -7.25%
13.69
2.53
25.39% -38.37%
313.8M
96.6M
-6.16% 2.24%
9.9
3.25
11.02% -11.37%
46.8M
60.9M
-6.19% -32.56%
-13.99
0.77
24.06% -144.92%

Summit Financial Group Inc News

Latest updates
MarketBeat • 22 Mar 2024 • 08:23 am
Quartz • 2 months ago

Summit Financial Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue2.8%67.0065.0061.0050.0048.0042.0036.0033.0032.0031.0030.0030.0030.0029.0028.0028.0027.0027.0027.0026.0025.00
EBITDA Margin-6.7%0.93*0.99*1.05*1.18*1.26*1.34*1.39*1.40*1.40*1.37*1.33*1.28*---------
Interest Expenses-100.0%-41.0040.0034.0034.0034.0031.0030.0029.0028.0027.0026.0026.0025.0023.0021.0020.0019.0019.0019.0018.00
Income Taxes-4.2%5.005.002.004.004.004.003.003.003.003.003.003.002.003.002.001.002.002.002.002.002.00
Earnings Before Taxes0.3%21.0021.0010.0018.0019.0018.0015.0015.0015.0015.0013.0013.0012.0012.008.006.0011.0010.0010.009.009.00
EBT Margin-4.6%0.29*0.30*0.32*0.40*0.42*0.45*0.46*0.47*0.47*0.45*0.43*0.40*---------
Net Income1.6%17.0016.008.0014.0015.0014.0012.0012.0013.0012.0011.0010.0010.0010.007.005.008.008.009.007.007.00
Net Income Margin-5.1%0.23*0.24*0.26*0.32*0.34*0.36*0.37*0.37*0.37*0.36*0.34*0.32*---------
Free Cashflow-13.1%17.0020.0013.0016.0017.0020.0014.0015.0017.0014.0012.0014.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.7%4,6344,6044,5525683,9173,8873,7633,6443,5773,5093,2733,2483,1062,9472,8612,5132,4032,3242,2992,2502,201
    Cash Equivalents-12.3%52.0060.0063.0071.0045.0046.0050.0061.0078.002111951776.0010943.0041.002.0053.0056.0058.0060.00
  Net PPE0.5%63.0063.0061.0054.0054.0055.0055.0056.0056.0057.0053.0053.0053.0053.0052.0047.0044.0044.0043.0038.0038.00
Liabilities0.2%4,1944,1884,1395283,5623,5463,4293,3133,2493,1862,9572,9552,8252,6752,5982,2572,1562,0812,0632,0161,981
  Short Term Borrowings17.4%3032582321402260.0029114014014014014014014091.000.001990.00225186309
Shareholder's Equity5.7%440416413370355342334330327323315293282272263256248242236234220
  Retained Earnings4.5%303290277272260248236227218208198190182174166161166160153147141
Shares Outstanding0.1%15.0015.0015.0013.0013.0013.0013.0013.0013.0013.0013.0013.00---------
Float-------305---247---182---291--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-16.7%19,02322,82914,69917,17817,57820,99314,53714,83617,50115,66113,16615,51817,08112,9085,3909,30211,43810,8837,38011,22610,426
  Share Based Compensation-52.1%10521921919615514515516919819612612612579.0016116216014914913299.00
Cashflow From Investing59.3%-27,951-68,674-26,240-32,553-30,567-136,865-142,512-94,884-203,520-60,150-11,862-66,215-38,501-23,418-143,42352,879-74,091-27,652-48,56972,742-55,939
Cashflow From Financing-96.2%1,60342,1593,96841,47412,055111,922116,31962,84753,36860,60917,088127,50712,22176,706139,369-82,61571,87112,96439,710-85,55451,219
  Dividend Payments334.1%11,274-4,8162,9342,5572,5522,5522,2952,2942,2892,3322,2012,2002,1962,1952,1942,2011,8571,8561,8731,7751,724
  Buy Backs---------6,710-----1621,282-1,4536,0762,8761,689

SMMF Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Loans, including fees   
Taxable, Loans, including fees$ 217,615$ 145,188$ 112,268
Tax-exempt, Loans, including fees240176362
Securities   
Taxable, Securities18,4128,4425,884
Tax-exempt, Securities5,5494,6103,586
Interest on interest bearing deposits with other banks732331315
Total interest income242,548158,747122,415
Interest expense   
Deposits73,19120,6838,181
Short-term borrowings6,8163,7861,768
Long-term borrowings and subordinated debentures5,9725,2922,534
Total interest expense85,97929,76112,483
Net interest income156,569128,986109,932
Provision for credit losses12,2506,9504,000
Net interest income after provision for credit losses144,319122,036105,932
Noninterest income   
Revenue from contracts with customers18,26415,90514,440
Mortgage origination revenue5771,4803,999
Net realized (losses)/gains on debt securities(266)(708)425
Net gains on equity investments740265202
Bank owned life insurance and annuities income1,5761,2111,026
Other537516742
Total noninterest income20,87618,15320,208
Noninterest expenses   
Salaries, commissions and employee benefits46,29640,45234,386
Net occupancy expense5,8515,1284,824
Equipment expense9,0947,2536,990
Professional fees1,7751,6281,578
Advertising and public relations1,113893697
Amortization of intangibles3,3351,4401,563
FDIC premiums2,4581,2241,449
Bank card expense3,4292,9282,668
Foreclosed properties expense, net of (gains)/losses892361,745
Acquisition-related expenses6,4441141,224
Other14,90911,58311,615
Total noninterest expenses94,79372,87968,739
Income before income tax expense70,40267,31057,401
Income tax expense15,16314,09411,663
Net income55,23953,21645,738
Preferred stock dividends900900589
Net income applicable to common shares$ 54,339$ 52,316$ 45,149
Basic earnings per common share (in dollars per share)$ 3.82$ 4.1$ 3.49
Diluted earnings per common share (in dollars per share)$ 3.81$ 4.08$ 3.47
Fiduciary and Trust [Member]   
Noninterest income   
Revenue from contracts with customers$ 3,436$ 2,978$ 2,886
Deposit Account [Member]   
Noninterest income   
Revenue from contracts with customers6,9776,1505,032
Credit and Debit Card [Member]   
Noninterest income   
Revenue from contracts with customers$ 7,299$ 6,261$ 5,896

SMMF Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS  
Cash and due from banks$ 21,834$ 16,469
Interest bearing deposits with other banks30,39828,248
Cash and cash equivalents52,23244,717
Debt securities available for sale (at fair value)502,762405,201
Debt securities held to maturity (at amortized cost; estimated fair value - $88,319 - 2023, $86,627 - 2022)94,22796,163
Less: allowance for credit losses00
Debt securities held to maturity, net94,22796,163
Equity investments (at fair value)10,95829,494
Other investments21,13016,029
Loans net of unearned fees3,681,6123,082,818
Less: allowance for credit losses(48,090)(38,899)
Loans, net3,633,5223,043,919
Property held for sale3,7295,067
Premises and equipment, net63,03853,981
Accrued interest and fees receivable20,00415,866
Goodwill and other intangible assets, net74,43062,150
Cash surrender value of life insurance policies and annuities85,67971,640
Derivative financial instruments33,14540,506
Other assets39,46631,959
Total assets4,634,3223,916,692
Deposits  
Non-interest bearing593,576553,616
Interest bearing3,121,5722,616,263
Total deposits3,715,1483,169,879
Short-term borrowings302,957225,999
Long-term borrowings637658
Subordinated debentures, net103,782103,296
Subordinated debentures owed to unconsolidated subsidiary trusts19,58919,589
Other liabilities52,00142,741
Total liabilities4,194,1143,562,162
Commitments and Contingencies
Shareholders' Equity  
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2023 and 2022 - 1,500 shares14,92014,920
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued and oustanding: 2023 - 14,683,457 shares, 2022 - 12,783,646 shares129,99090,696
Retained earnings302,783260,393
Accumulated other comprehensive loss(7,485)(11,479)
Total shareholders' equity440,208354,530
Total liabilities and shareholders' equity$ 4,634,322$ 3,916,692
SMMF
Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia, and the Central region of Kentucky. Its community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and land development, residential real estate, and consumer loans; and mortgage warehouse lines of credit, as well as trust and wealth management, cash management, and insurance services. The company was incorporated in 1987 and is headquartered in Moorefield, West Virginia.
 CEO
 WEBSITEwww.summitfgi.com
 EMPLOYEES432

Summit Financial Group Inc Frequently Asked Questions


What is the ticker symbol for Summit Financial Group Inc? What does SMMF stand for in stocks?

SMMF is the stock ticker symbol of Summit Financial Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Summit Financial Group Inc (SMMF)?

As of Wed Mar 27 2024, market cap of Summit Financial Group Inc is 378.55 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SMMF stock?

You can check SMMF's fair value in chart for subscribers.

What is the fair value of SMMF stock?

You can check SMMF's fair value in chart for subscribers. The fair value of Summit Financial Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Summit Financial Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SMMF so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Summit Financial Group Inc a good stock to buy?

The fair value guage provides a quick view whether SMMF is over valued or under valued. Whether Summit Financial Group Inc is cheap or expensive depends on the assumptions which impact Summit Financial Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SMMF.

What is Summit Financial Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, SMMF's PE ratio (Price to Earnings) is 6.85 and Price to Sales (PS) ratio is 1.56. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SMMF PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Summit Financial Group Inc's stock?

In the past 10 years, Summit Financial Group Inc has provided 0.117 (multiply by 100 for percentage) rate of return.