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

25.70USD Delayed

Market Summary

USD25.70

Delayed

SMMF Alerts

1 major insider buys recently.

Big jump in Revenue (Y/Y)

SMMF Stock Price

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SMMF RSI Chart

SMMF Valuation

Market Cap

377.4M

Price/Earnings (Trailing)

6.49

Price/Sales (Trailing)

1.47

EV/EBITDA

1.34

Price/Free Cashflow

5.43

SMMF Price/Sales (Trailing)

SMMF Profitability

EBT Margin

29.03%

Return on Equity

12.81%

Return on Assets

1.25%

Free Cashflow Yield

18.42%

SMMF Fundamentals

SMMF Revenue

Revenue (TTM)

257.6M

Rev. Growth (Yr)

29.81%

Rev. Growth (Qtr)

-1.49%

SMMF Earnings

Earnings (TTM)

58.2M

Earnings Growth (Yr)

20.89%

Earnings Growth (Qtr)

2.71%

Breaking Down SMMF Revenue

Last 7 days

-3.0%

Last 30 days

-2.5%

Last 90 days

-6.4%

Trailing 12 Months

35.5%

How does SMMF drawdown profile look like?

SMMF Financial Health

SMMF Investor Care

Dividend Yield

3.35%

Dividend/Share (TTM)

0.86

Shares Dilution (1Y)

0.12%

Diluted EPS (TTM)

3.88

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	257.6M	0	0	0
2023	176.3M	201.6M	223.9M	242.5M
2022	125.5M	131.2M	142.7M	158.7M
2021	117.1M	119.1M	120.8M	122.4M
2020	108.8M	109.9M	111.9M	115.0M
2019	98.4M	101.9M	105.3M	107.1M
2018	89.8M	90.9M	92.7M	95.4M
2017	66.6M	73.5M	79.7M	84.5M
2016	59.3M	59.9M	61.3M	64.1M
2015	58.3M	58.6M	58.4M	58.9M
2014	56.8M	56.8M	57.5M	57.6M
2013	61.7M	59.7M	58.1M	57.3M
2012	69.6M	67.8M	65.8M	63.9M
2011	77.2M	75.1M	73.2M	71.0M
2010	0	86.2M	83.0M	79.7M
2009	0	0	0	89.5M

Get all data in R, Python etc through our Historical Stock Data APIs

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 03, 2024	tissue robert s	back to issuer	-	-	-19,562	senior vp & cfo
May 03, 2024	wilson david	back to issuer	-	-	-10,711	-
May 03, 2024	zirk angela r	back to issuer	-	-	-1,225	evp & chief experience officer
May 03, 2024	wilson david	back to issuer	-	-	-1,734	-
May 03, 2024	maddy h charles iii	back to issuer	-	-	-38,850	president & ceo
May 03, 2024	jennings scott c	back to issuer	-	-	-14,607	evp & coo
May 03, 2024	george georgette r.	back to issuer	-	-	-19,228	-
May 03, 2024	piccirillo charles	back to issuer	-	-	-626	-
May 03, 2024	markwood julie r	back to issuer	-	-	-13,591	evp & chief accounting officer

Which funds bought or sold SMMF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	SG Americas Securities, LLC	reduced	-35.6	-80,000	107,000	-%
May 06, 2024	LSV ASSET MANAGEMENT	unchanged	-	-116,000	888,000	-%
May 06, 2024	Empowered Funds, LLC	added	8.12	-68,458	1,518,460	0.03%
May 03, 2024	AA Financial Advisors, LLC	unchanged	-	-218,158	1,678,520	0.68%
May 02, 2024	LINCOLN NATIONAL CORP	new	-	219,748	219,748	-%
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	unchanged	-	-88.00	679	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	unchanged	-	-334	2,765	-%
May 01, 2024	BNP PARIBAS FINANCIAL MARKETS	reduced	-51.8	-233,164	173,417	-%
Apr 30, 2024	Avior Wealth Management, LLC	new	-	54.00	54.00	-%
Apr 30, 2024	Pinnacle Financial Partners Inc	unchanged	-	-15,804	121,595	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
May 07, 2024	POS AM	POS AM
May 07, 2024	POS AM	POS AM
May 07, 2024	POS AM	POS AM
May 07, 2024	POS AM	POS AM
May 07, 2024	S-8 POS	Employee Benefits Plan
May 07, 2024	S-8 POS	Employee Benefits Plan
May 07, 2024	S-8 POS	Employee Benefits Plan
May 07, 2024	S-8 POS	Employee Benefits Plan
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading

Peers (Alternatives to Summit Financial Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	550.7B	174.7B	-2.88%	39.91%	10.94	3.15	53.11%	19.83%
BAC	296.0B	127.4B	1.99%	36.69%	11.83	2.15	56.12%	-12.56%
WFC	210.0B	85.8B	4.95%	56.96%	11.19	2.45	35.02%	26.14%
C	118.3B	125.0B	0.65%	33.74%	14.8	0.95	37.85%	-
CFG	16.2B	10.4B	4.71%	38.12%	11.31	1.55	26.22%	-33.87%
KEY	14.1B	8.1B	-0.80%	54.34%	16.12	1.73	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	1.12%	47.25%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	4.13%	80.63%	9.55	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	5.29%	67.41%	12.7	2.67	43.24%	-22.35%
ASB	3.3B	1.8B	5.37%	45.89%	20.77	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	399.1M	152.4M	-3.36%	49.04%	40.14	2.62	16.94%	-73.84%
AROW	389.7M	162.6M	0.47%	17.60%	12.96	2.4	25.39%	-38.37%
ACNB	273.7M	96.6M	-5.55%	16.05%	8.64	2.83	11.02%	-11.37%
ASRV	40.3M	60.9M	-4.84%	-16.90%	-12.04	0.66	24.06%	-144.92%

Summit Financial Group Inc News

Latest updates

Summit Financial Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-1.5%	66.00	67.00	65.00	61.00	50.00	48.00	42.00	36.00	33.00	32.00	31.00	30.00	30.00	30.00	29.00	28.00	28.00	27.00	27.00	27.00	26.00
EBITDA Margin	-1.7%	0.94*	0.95*	0.99*	1.05*	1.18*	1.26*	1.34*	1.39*	1.40*	1.40*	1.37*	1.33*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.1%	40.00	41.00	41.00	40.00	34.00	34.00	34.00	31.00	30.00	29.00	28.00	27.00	26.00	26.00	25.00	23.00	21.00	20.00	19.00	19.00	19.00
Income Taxes	8.9%	5.00	5.00	5.00	2.00	4.00	4.00	4.00	3.00	3.00	3.00	3.00	3.00	3.00	2.00	3.00	2.00	1.00	2.00	2.00	2.00	2.00
Earnings Before Taxes	4.0%	22.00	21.00	21.00	10.00	18.00	19.00	18.00	15.00	15.00	15.00	15.00	13.00	13.00	12.00	12.00	8.00	6.00	11.00	10.00	10.00	9.00
EBT Margin	0.0%	0.29*	0.29*	0.30*	0.32*	0.40*	0.42*	0.45*	0.46*	0.47*	0.47*	0.45*	0.43*	-	-	-	-	-	-	-	-	-
Net Income	2.7%	17.00	17.00	16.00	8.00	14.00	15.00	14.00	12.00	12.00	13.00	12.00	11.00	10.00	10.00	10.00	7.00	5.00	8.00	8.00	9.00	7.00
Net Income Margin	-0.8%	0.23*	0.23*	0.24*	0.26*	0.32*	0.34*	0.36*	0.37*	0.37*	0.37*	0.36*	0.34*	-	-	-	-	-	-	-	-	-
Free Cashflow	6.9%	19.00	17.00	20.00	13.00	16.00	17.00	20.00	14.00	15.00	17.00	14.00	12.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.2%	4,643	4,634	4,604	4,552	568	3,917	3,887	3,763	3,644	3,577	3,509	3,273	3,248	3,106	2,947	2,861	2,513	2,403	2,324	2,299	2,250
Cash Equivalents	6.6%	56.00	52.00	60.00	63.00	71.00	45.00	46.00	50.00	61.00	14.00	211	195	177	6.00	109	43.00	41.00	2.00	53.00	56.00	58.00
Net PPE	-1.2%	62.00	63.00	63.00	61.00	54.00	54.00	55.00	55.00	56.00	56.00	57.00	53.00	53.00	53.00	53.00	52.00	47.00	44.00	44.00	43.00	38.00
Liabilities	-0.1%	4,189	4,194	4,188	4,139	528	3,562	3,546	3,429	3,313	3,249	3,186	2,957	2,955	2,825	2,675	2,598	2,257	2,156	2,081	2,063	2,016
Short Term Borrowings	-13.4%	262	303	258	232	140	226	0.00	291	140	140	140	140	140	140	0.00	0.00	162	199	0.00	225	0.00
Shareholder's Equity	3.2%	454	440	416	413	370	355	342	334	330	327	323	315	293	282	272	263	256	248	242	236	234
Retained Earnings	4.5%	316	303	290	277	272	260	248	236	227	218	208	198	190	182	174	166	161	166	160	153	147
Shares Outstanding	0.0%	15.00	15.00	15.00	15.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	266	-	-	-	305	-	-	-	247	-	-	-	182	-	-	-	291	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	1.8%	19,363	19,023	22,829	14,699	17,178	17,578	20,993	14,537	14,836	17,501	15,661	13,166	15,518	17,081	12,908	5,390	9,302	11,438	10,883	7,380	11,226
Share Based Compensation	55.2%	163	105	219	219	196	155	145	155	169	198	196	126	126	125	79.00	161	162	160	149	149	132
Cashflow From Investing	81.3%	-5,215	-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	-143,423	52,879	-74,091	-27,652	-48,569	72,742
Cashflow From Financing	-769.0%	-10,724	1,603	42,159	3,968	41,474	12,055	111,922	116,319	62,847	53,368	60,609	17,088	127,507	12,221	76,706	139,369	-82,615	71,871	12,964	39,710	-85,554
Dividend Payments	-71.4%	3,230	11,274	-4,816	2,934	2,557	2,552	2,552	2,295	2,294	2,289	2,332	2,201	2,200	2,196	2,195	2,194	2,201	1,857	1,856	1,873	1,775
Buy Backs	-	-	-	-	-	-	-	-	-	-	6,710	-	-	-	-	-	162	1,282	-	1,453	6,076	2,876

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SMMF Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
Consolidated Statements of Income (Unaudited) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Loans, including fees
Taxable, Loans, including fees	$ 59,204,000	$ 45,421,000
Tax-exempt, Loans, including fees	45,000	64,000
Securities
Taxable, Securities	5,025,000	3,412,000
Tax-exempt, Securities	1,116,000	1,407,000
Interest on interest bearing deposits with other banks	132,000	171,000
Total interest income	65,522,000	50,475,000
Interest expense
Deposits	21,430,000	14,000,000
Short-term borrowings	2,661,000	824,000
Long-term borrowings and subordinated debentures	1,508,000	1,462,000
Total interest expense	25,599,000	16,286,000
Net interest income	39,923,000	34,189,000
Provision for credit losses	0	1,500,000
Net interest income after provision for credit losses	39,923,000	32,689,000
Noninterest income
Revenue from contracts with customers	4,500,000	3,893,000
Mortgage origination revenue	154,000	171,000
Net realized losses on available for sale debt securities	(94,000)	(59,000)
Net gains on equity investments	40,000	45,000
Bank owned life insurance and annuities income	463,000	336,000
Other	112,000	122,000
Total noninterest income	5,078,000	4,386,000
Noninterest expenses
Salaries, commissions and employee benefits	12,058,000	10,807,000
Net occupancy expense	1,695,000	1,333,000
Equipment expense	2,508,000	2,030,000
Professional fees	385,000	376,000
Advertising and public relations	272,000	170,000
Amortization of intangibles	987,000	343,000
FDIC premiums	717,000	330,000
Bank card expense	832,000	696,000
Foreclosed properties expense, net of losses	12,000	15,000
Merger-related expenses	53,000	331,000
Other	3,439,000	2,968,000
Total noninterest expenses	22,958,000	19,399,000
Income before income tax expense	22,043,000	17,676,000
Income tax expense	4,996,000	3,575,000
Net income	17,047,000	14,101,000
Preferred stock dividends	225,000	225,000
Net income applicable to common shares	$ 16,822,000	$ 13,876,000
Basic earnings per common share (in dollars per share)	$ 1.15	$ 1.09
Diluted earnings per common share (in dollars per share)	$ 1.14	$ 1.08
Fiduciary and Trust [Member]
Noninterest income
Revenue from contracts with customers	$ 847,000	$ 811,000
Deposit Account [Member]
Noninterest income
Revenue from contracts with customers	1,723,000	1,392,000
Credit and Debit Card [Member]
Noninterest income
Revenue from contracts with customers	$ 1,833,000	$ 1,568,000

SMMF Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

^[1]

ASSETS

Cash and due from banks

$ 23,706

$ 21,834

Interest bearing deposits with other banks

31,950

30,398

Cash and cash equivalents

55,656

52,232

Debt securities available for sale (at fair value)

490,271

502,762

Debt securities held to maturity (at amortized cost; estimated fair value - $87,029 - 2024, $88,319 - 2023)

93,737

94,227

Less: allowance for credit losses

Debt securities held to maturity, net

93,737

94,227

Equity investments (at fair value)

11,571

10,958

Other investments

21,842

21,130

Loans, net of unearned fees

3,697,042

3,681,612

Less: allowance for credit losses

(49,232)

(48,090)

Loans, net

3,647,810

3,633,522

Property held for sale

3,432

3,729

Premises and equipment, net

62,293

63,038

Accrued interest and fees receivable

20,238

20,004

Goodwill and other intangible assets, net

73,443

74,430

Cash surrender value of life insurance policies and annuities

86,230

85,679

Derivative financial instruments

36,803

33,145

Other assets

39,558

39,466

Total assets

4,642,884

4,634,322

Deposits

Non-interest bearing

605,509

593,576

Interest bearing

3,142,906

3,121,572

Total deposits

3,748,415

3,715,148

Short-term borrowings

262,359

302,957

Long-term borrowings

630

637

Subordinated debentures, net

103,904

103,782

Subordinated debentures owed to unconsolidated subsidiary trusts

19,589

Other liabilities

53,706

52,001

Total liabilities

4,188,603

4,194,114

Commitments and Contingencies

Shareholders' Equity

Preferred stock and related surplus, $1.00 par value, authorized 250,000 shares; issued: 2024 and 2023 - 1,500 shares

14,920

Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued and outstanding: 2024 - 14,686,738 shares and 2023 - 14,683,457 shares

130,235

129,990

Retained earnings

316,375

302,783

Accumulated other comprehensive loss

(7,249)

(7,485)

Total shareholders' equity

454,281

440,208

Total liabilities and shareholders' equity

$ 4,642,884

$ 4,634,322

[1]	Derived from audited consolidated financial statements.

About Summit Financial Group Inc

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	Mr. H. Charles Maddy III
WEBSITE	summitfgi.com
INDUSTRY	Banks Diversified
EMPLOYEES	432

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 Thu May 02 2024, market cap of Summit Financial Group Inc is 377.45 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 Thu May 02 2024, SMMF's PE ratio (Price to Earnings) is 6.49 and Price to Sales (PS) ratio is 1.47. 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 0.116 (multiply by 100 for percentage) rate of return.