How to Buy Summit Financial Group Stock
Summit Financial Group Inc
Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc.
Summit Financial Group stock last closed at $27.35, up 0.55% from the previous day, and has increased 42.23% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.28 percentage points. Summit Financial Group stock is currently +60.32% from its 52-week low of $17.06, and -13.15% from its 52-week high of $31.49.
There are currently 14.68M SMMF shares outstanding. The market cap of SMMF is $401.60M. In the last 24 hours, 26,423 SMMF shares were traded.
How to Buy Summit Financial Group Stock
Not sure how to invest in Summit Financial Group stock? Here's how.
- Decide where to buy Summit Financial Group stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Summit Financial Group stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your method of payment and add your details.
- Analyze Summit Financial Group stock: The Summit Financial Group ticker symbol is SMMF. Is Summit Financial Group stock a good investment? Should you buy shares of SMMF? How do SMMF's underlying business fundamentals look? Do top analysts think Summit Financial Group is a good buy? Why has SMMF's stock price moved recently? (Hint: Our stock market research website can help you understand if SMMF is a good stock to buy).
- Place your SMMF buy order: Decide if you will purchase SMMF shares at the current market price or use a limit order to buy SMMF stock at a particular price.
- Monitor your SMMF investment: Create a watchlist to key updates about your position in Summit Financial Group stock.
Step 1: Decide where to buy Summit Financial Group stock
You will need a brokerage account to access the NASDAQ market and buy SMMF stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal info so you are able to invest in SMMF today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've opened your account on the best stock broker app, you can securely and quickly fund your account:
Check out the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Analyze Summit Financial Group stock
Once you have identified the best place to buy Summit Financial Group stock, it's important to evaluate their stock before you buy, so you truly comprehend the risk as well as the upside.
Summit Financial Group Numbers
Summit Financial Group Zen Score
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SMMF's stock page.
How is SMMF stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SMMF's true value.
Using relative valuations methods:
- SMMF may be undervalued based on its P/E ratio of 7.16x, relative to Banks - Regional industry P/E ratio of -10.79x
- SMMF could be undervalued based on its P/B ratio of 0.91x, relative to Banks - Regional industry P/B ratio of 0.98x
- SMMF may be undervalued based on its PEG ratio of 0.9x
You can access more valuation analysis on SMMF's stock here.
A look at SMMF Cashflows and Balance Sheet
Positive Financial Indicators:
- SMMF earnings of $70.40M is not sufficient to cover its interest payments.
Negative Financial Indicators:
- SMMF has a relatively high debt to equity ratio of 9.53.
- SMMF profit margin has gone down from 37.3% to 32.9% in the past year.
- Total SMMF debt is higher than 5 years ago, relative to shareholder equity.
- SMMF's operating cash flow of $73.73M allows it to safely service it's debt of $426.97M.
SMMF Trading Indicators
How are SMMF Revenues/Earnings doing?
Last year, SMMF earnings were $54.34M. In the last five year, SMMF's earnings have grown by 10.97% per year. This was slower than the Banks - Regional industry average of 16.3%.
Last year, SMMF revenue was $165.20M. Over the last 5 year, SMMF's revenue has gone up by 14.22% per year. This was faster than the Banks - Regional industry average of 7.36%.
Dive into SMMF's earnings and revenue performance here.
What are SMMF executives and large shareholders up to?
Over the last year, insiders at SMMF have bought more shares than they have sold.
James P. Geary Ii, Director of SMMF, was the latest SMMF insider to buy. They bought $22,919.68 worth of SMMF shares on Mar 19, 2024.
Dig into more about who owns SMMF shares here.
Does SMMF stock generate passive income?
Summit Financial Group pays a dividend of 3.14%, compared to the Banks - Regional industry's average dividend yield of 3.86%. If you owned $1,000 of SMMF stock, you would have received $31.44 last year.
Summit Financial Group dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Summit Financial Group dividend yield and history here.
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Step 5: Place your SMMF buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, place a limit order.
Click the Open button and your broker will execute the order.
If you need additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your SMMF investment
Now that you own some shares in SMMF, you'll want to stay up-to-date on your stock purchase.
Add SMMF to a watchlist to keep tabs on your SMMF stock.
SMMF Feed
How to Buy Stock in Summit Financial Group
To reiterate, here are the 6 steps to buy Summit Financial Group stock:
- Decide where to buy Summit Financial Group stock
- Open a brokerage account
- Fund your brokerage account
- Analyze Summit Financial Group stock
- Place your SMMF buy order
- Monitor your SMMF investment
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Summit Financial Group, click the button below.
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