Thomas J. Hawse III Sells 3,000 Shares of Summit Financial Group, Inc. (SMMF) Stock
Summit Financial Group, Inc. (NASDAQ:SMMF) Director Thomas J. Hawse III sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $22.00, for a total transaction of $66,000.00. Following the completion of the sale, the director now owns 95,132 shares in the company, valued at $2,092,904. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Summit Financial Group, Inc. (SMMF) traded up 0.93% during mid-day trading on Monday, hitting $21.72. 18,276 shares of the company were exchanged. The stock has a market cap of $269.87 million, a P/E ratio of 20.11 and a beta of 0.97. The company has a 50 day moving average of $21.92 and a 200 day moving average of $23.84. Summit Financial Group, Inc. has a 12-month low of $14.91 and a 12-month high of $30.06.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Tuesday, June 13th. Summit Financial Group’s dividend payout ratio (DPR) is presently 40.37%.
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A number of analysts recently commented on SMMF shares. DA Davidson started coverage on shares of Summit Financial Group in a report on Monday, March 6th. They issued a “neutral” rating and a $27.00 target price on the stock. Zacks Investment Research upgraded shares of Summit Financial Group from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, May 9th.
Summit Financial Group Company Profile
Summit Financial Group, Inc (Summit) is a financial holding company. The Company provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Shenandoah Valley, and Northern region of Virginia. The Company provides these services through its community bank subsidiary, Summit Community Bank (Summit Community or the Bank).
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