Headlines about Summit Financial Group (NASDAQ:SMMF) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summit Financial Group earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.3583499380734 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts recently issued reports on SMMF shares. BidaskClub downgraded shares of Summit Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered shares of Summit Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th.
Shares of Summit Financial Group (NASDAQ:SMMF) traded down $0.22 during trading hours on Wednesday, reaching $25.44. 2,021 shares of the company’s stock were exchanged, compared to its average volume of 17,056. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. Summit Financial Group has a 12-month low of $19.13 and a 12-month high of $28.16. The company has a market capitalization of $318.62, a price-to-earnings ratio of 27.01, a PEG ratio of 1.49 and a beta of 0.64.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, March 14th. This is an increase from Summit Financial Group’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. Summit Financial Group’s dividend payout ratio (DPR) is 46.32%.
In related news, Director Gary L. Hinkle purchased 3,628 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average price of $23.26 per share, for a total transaction of $84,387.28. Following the completion of the acquisition, the director now directly owns 372,227 shares in the company, valued at approximately $8,658,000.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Charles Maddy III sold 1,900 shares of Summit Financial Group stock in a transaction on Friday, December 15th. The shares were sold at an average price of $27.28, for a total transaction of $51,832.00. Following the completion of the sale, the chief executive officer now owns 77,856 shares in the company, valued at approximately $2,123,911.68. The disclosure for this sale can be found here. Insiders have sold 8,632 shares of company stock worth $217,447 over the last three months. 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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