About
About Summit Financial Group Inc
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, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia, and the Central region of Kentucky. Its community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and land development, residential real estate, and consumer loans; and mortgage warehouse lines of credit, as well as trust and wealth management, cash management, and insurance services. Summit Financial Group, Inc. was incorporated in 1987 and is headquartered in Moorefield, West Virginia.
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5 years, 4 months ago
Summit Financial Group, Inc is currently in a long term downtrend where the price is trading 3.6% below its 200 day moving average.
From a valuation standpoint, the stock is 65.8% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.1.
Summit Financial Group, Inc's total revenue rose by 32.1% to $31M since the same quarter in the previous year.
Its net income has increased by 25.8% to $10M since the same quarter in the previous year.
Finally, its free cash flow grew by 82.9% to $17M since the same quarter in the previous year.
Based on the above factors, Summit Financial Group, Inc gets an overall score of 4/5.