Recent significant positive changes in fundamentals have benefitted Summit Financial Group Inc (NASDAQ: SMMF): the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for December, 2024 increased significantly.
Important positive changes in Summit Financial Group Inc (NASDAQ: SMMF) investment behavior have recently occurred: the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SMMF’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Summit Financial Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Summit Financial Group has a good Power Rating of 76 and a very high Appreciation Score of 88, triggering the Highest Value Trend Rating.
Recent Price Action
Summit Financial Group Inc (NASDAQ: SMMF) stock closed at $22.12 on 11/16/23 after a modest gain of 0.6%. The stock has risen 2.9% during the last week and has been strong relative to the market over the last nine months.
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