Summit Financial Group(NASDAQ:SMMF) Declares Dividend of $0.1000.

Summit Financial Group (NASDAQ:SMMF) had declared a cash dividend of $0.1000 on Aug 29, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed for Sep 15, 2016. On Aug 29, 2016 share price, the yield comes out to be 2.0779%. The dividend payable date has been fixed on Sep 30, 2016.

Summit Financial Group (SMMF) made into the market gainers list on Thursdays trading session with the shares advancing 0.72% or 0.14 points. Due to strong positive momentum, the stock ended at $19.57, which is also near the day’s high of $19.58. The stock began the session at $19.34 and the volume stood at 5,764 shares. The 52-week high of the shares is $20.77 and the 52 week low is $11.03. The company has a current market capitalization of $209 M and it has 1,06,92,320 shares in outstanding.

Summit Financial Group(SMMF) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.37.

Several Insider Transactions has been reported to the SEC. On Aug 22, 2016, Jeffrey E. Hott (director) sold 5,001 shares at $19.51 per share price.Also, On Aug 19, 2016, Gary L Hinkle (director) purchased 3,500 shares at $19.49 per share price.On Aug 16, 2016, Oscar M Bean (Chairman) sold 5,000 shares at $20.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Summit Financial Group Inc. is a financial holding company. The Company provides these services through the community bank subsidiary Summit Community Bank (Summit Community) which has a total of 15 banking offices located in West Virginia and Virginia. It also operates Summit Insurance Services LLC in Moorefield West Virginia and Leesburg Virginia which offers both commercial and personal lines of insurance specializing in group health life and disability benefit plans. Its two segments are 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 Bank’s loan portfolio categories include commercial commercial real estate construction and development residential real estate and consumer.

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