Summit Financial Group, Inc. (SMMF) Research

Summit Financial Group, Inc. operates as a financial holding company, primarily conducting business through its subsidiary, Summit Community Bank, Inc. This entity offers a broad spectrum of community banking and financial solutions to both individual clients and businesses. Its key operational territories span the Eastern Panhandle, Southern, and North Central regions of West Virginia, alongside the Northern, Shenandoah Valley, and Southwestern parts of Virginia, and the Central area of Kentucky. The company's comprehensive suite of services encompasses various deposit products, including demand, savings, and time accounts. It also provides diverse lending options, such as commercial, commercial real estate, construction and land development, residential real estate, and consumer loans, in addition to mortgage warehouse lines of credit. Furthermore, the group delivers specialized offerings like trust and wealth management, cash management, and insurance services. As of December 31, 2021, the company maintained a network of 45 banking branches. Established in 1987, Summit Financial Group, Inc. is headquartered in Moorefield, West Virginia.

Market snapshot

Symbol
SMMF
Price
$25.70
Day change
-2.50%
Market cap
$377.4M
P/E ratio
6.61x
52-week range
17.06-31.49
Sector
Financial Services
Industry
Banks - Regional

Peer companies

  • CapStar Financial Holdings, Inc. (CSTR)
  • Central Valley Community Bancorp (CVCY)
  • First Republic Bank (FRC)
  • Luther Burbank Corporation (LBC)
  • Merchants Bancorp (MBIN)
  • Silvergate Capital Corporation (SI-PA)
  • Summit Healthcare Acquisition Corp. (SMIH)
  • Southern States Bancshares, Inc. (SSBK)

Recent insider activity

  • JENNINGS SCOTT C — J-Other (896.7759 shares) on 2024-05-03
  • JENNINGS SCOTT C — D-Return (14607 shares) on 2024-05-03
  • JENNINGS SCOTT C — D-Return (17052 shares) on 2024-05-03
  • JENNINGS SCOTT C — D-Return (17221 shares) on 2024-05-03
  • JENNINGS SCOTT C — D-Return (16730 shares) on 2024-05-03

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