Summit Financial Group, Inc. (SMMF) Stake Held by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio maintained its position in shares of Summit Financial Group, Inc. (NASDAQ:SMMF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,855 shares of the bank’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned about 0.13% of Summit Financial Group worth $342,000 at the end of the most recent quarter.
Shares of Summit Financial Group, Inc. (SMMF) traded down 0.85% during trading on Monday, hitting $22.21. The stock had a trading volume of 4,617 shares. Summit Financial Group, Inc. has a 12-month low of $17.38 and a 12-month high of $30.06. The stock has a 50-day moving average of $21.70 and a 200 day moving average of $22.52. The firm has a market cap of $273.16 million, a price-to-earnings ratio of 19.64 and a beta of 1.02.
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Summit Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. BidaskClub upgraded Summit Financial Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st.
In other news, Director Thomas J. Hawse III sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.00, for a total value of $66,000.00. Following the completion of the sale, the director now owns 95,132 shares of the company’s stock, valued at $2,092,904. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Piccirillo bought 1,407 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of $21.69 per share, with a total value of $30,517.83. The disclosure for this purchase can be found here. Insiders bought 16,407 shares of company stock valued at $358,218 in the last ninety days. Company insiders own 22.82% of the company’s stock.
About Summit Financial Group
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).
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