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Zacks Investment Research downgraded Summit Financial Group, Inc. (NASDAQ:SMMF) to Hold in a statement released earlier today.

Only yesterday Summit Financial Group, Inc. (NASDAQ:SMMF) traded 0.35% higher at $21.71. SMMF’s 50-day moving average is $22.01 and its 200-day moving average is $21.81. The last stock close price is down 6.16% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time. 76,855 shares of SMMF traded, up from an avg. volume of 29,236

Zacks Investment Research has downgraded Summit Financial Group, Inc. (NASDAQ:SMMF) to Hold in a report released on 6/21/2017.

Previously on 05/24/2017, Zacks Investment Research reported on Summit Financial Group, Inc. (NASDAQ:SMMF) upped the target price from $0.00 to $24.00 that indicated a possible upside of 0.12%.

Recent Performance Chart

Summit Financial Group, Inc. (NASDAQ:SMMF)

With a total market value of $0, Summit Financial Group, Inc. has price-earnings ratio of 20.45 with a one year low of $18.05 and a one year high of $30.06 .

Brief Synopsis About Summit Financial Group, Inc. (NASDAQ:SMMF)

Summit Financial Group, Inc. (Summit) is a financial holding company. The Company provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Shenandoah Valley, and Northern region of Virginia. The Company provides these services through its community bank subsidiary, Summit Community Bank (Summit Community or the Bank). The Company operates through two segments: community banking, and insurance & financial services. The community banking segment consists of its full service banks, which offer customers traditional banking products and services through various delivery channels. The insurance & financial services segment includes three insurance agency offices that sell insurance products. The Company also operates Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia, which provides insurance brokerage services to individuals and businesses.

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