Summit Financial Group, Inc. (NASDAQ:SMMF) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.17 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 4.37 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Summit Financial Group, Inc. recently reported second quarter financial results on July 30, 2020, before market open, the Moorefield based company reported income for the second quarter of $ 0.54 per share, from the revenue of $ 26.66 million. The quarterly earnings dropped 20.59 percent while revenues elevated 38.13 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.27 per share from $ 22.46 million in revenue. The bottom line results beat street analysts by $ 0.27 or 100.00 percent, at the same time, top line results outshined analysts by $ 4.20 million or 18.70 percent.
Stock Performance
Shares of Summit Financial Group, Inc. traded low $ -0.24 or -1.52 percent on Thursday, reaching $ 15.57 with volume of 6.30 thousand shares. Summit Financial Group, Inc. has traded high as $ 16.33 and has cracked $ 15.57 on the downward trend
According to the previous trading day, closing price of $ 15.57, representing a 17.28 % increase from the 52 week low of $ 13.48 and a 43.19 % decrease over the 52 week high of $ 27.83.
The company has a market capital of $ 202.05 million and is part of the Financial Services sector and Banks – Regional – US industry.
Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle and Southern regions of West Virginia and the Northern, and Shenandoah Valley and Southwestern regions of Virginia.
