Summit Financial Group, Inc. (SMMF)
Summit Financial Group, Inc. operates in the Banks - Regional industry of the Financial Services sector, headquartered in Moorefield, WV, US. The stock last traded at $25.70, down 2.50% on the session, giving a market capitalisation of $377.4M. On trailing twelve-month figures it carries a trailing P/E of 6.73, a net margin of 21.0%. Its beta of 0.40 implies it has historically moved less than the broad market.
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.
Summit Financial Group, Inc. is most often compared with the following Financial Services names: