News coverage about Summit Financial Group (NASDAQ:SMMF) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Summit Financial Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.6822295580293 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
SMMF has been the topic of a number of research analyst reports. BidaskClub lowered Summit Financial Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 13th. Zacks Investment Research downgraded Summit Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th.
Shares of SMMF stock opened at $24.71 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Summit Financial Group has a twelve month low of $19.46 and a twelve month high of $28.16. The company has a market capitalization of $311.51, a PE ratio of 26.01, a P/E/G ratio of 1.45 and a beta of 0.64.
Summit Financial Group (NASDAQ:SMMF) last released its earnings results on Thursday, February 1st. The bank reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). Summit Financial Group had a return on equity of 11.57% and a net margin of 12.04%. The firm had revenue of $21.37 million for the quarter, compared to analyst estimates of $23.20 million. analysts expect that Summit Financial Group will post 2.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.13 per share. This is an increase from Summit Financial Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.10%. Summit Financial Group’s payout ratio is 54.74%.
In other Summit Financial Group news, Director Duke A. Mcdaniel sold 3,889 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $23.50, for a total value of $91,391.50. Following the completion of the transaction, the director now directly owns 24,220 shares of the company’s stock, valued at $569,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary L. Hinkle purchased 3,628 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average cost of $23.26 per share, with a total value of $84,387.28. Following the completion of the acquisition, the director now directly owns 372,227 shares of the company’s stock, valued at approximately $8,658,000.02. The disclosure for this purchase can be found here. Insiders own 22.82% of the company’s stock.
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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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