For its first fiscal quarter (ending March 31), Summit Financial Group Inc (NASDAQ: SMMF) has reported E.P.S. of $1.15 compared to $1.09 a year ago. For the latest four quarters through March 31, E.P.S. were $3.91 versus $4.28 for the same period a year ago.
Recent Price Action
Summit Financial Group Inc (NASDAQ: SMMF) stock declined modestly by -1.1% on 4/25/24. The stock closed at $27.41. However, trading volume in this decline was below average at 76% of normal. Relative to the market the stock has been strong over the last nine months and has risen 9.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SMMF is expected to continue to be a Value Builder.
Summit Financial Group has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Summit Financial Group has a good Power Rating of 78 and a very high Appreciation Score of 86, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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