Summit Financial Group, Inc. (SMMF) Scheduled to Post Quarterly Earnings on Monday
Summit Financial Group, Inc. (NASDAQ:SMMF) will announce its earnings results on Monday, July 24th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
Summit Financial Group, Inc. (NASDAQ SMMF) opened at 21.35 on Monday. The company has a market cap of $265.27 million, a PE ratio of 19.77 and a beta of 1.02. Summit Financial Group, Inc. has a 52-week low of $17.38 and a 52-week high of $30.06. The stock’s 50 day moving average is $21.80 and its 200-day moving average is $23.49.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Tuesday, June 13th. Summit Financial Group’s payout ratio is 40.37%.
Separately, Zacks Investment Research raised 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 research note on Tuesday, May 9th.
In related news, Director Thomas J. Hawse III sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $22.00, for a total transaction of $66,000.00. Following the sale, the director now owns 95,132 shares of the company’s stock, valued at $2,092,904. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles Piccirillo acquired 1,407 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average cost of $21.69 per share, for a total transaction of $30,517.83. The disclosure for this purchase can be found here. Insiders own 22.82% of the company’s stock.
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About Summit Financial Group
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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