Summit Financial Group Inc (SMMF) Files Form 4 Insider Buying : Gary L Hinkle Buys 4,862 Shares

Summit Financial Group Inc (SMMF): Gary L Hinkle , director of Summit Financial Group Inc purchased 4,862 shares on Jun 7, 2016. The Insider buying transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.90 per share for a total value of $82,462.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 24, 2015, Jeffrey E. Hott (director) sold 2,085 shares at $11.50 per share price.On Sep 3, 2015, Gary L Hinkle (director) purchased 4,500 shares at $11.64 per share price.Also, On Feb 18, 2015, Oscar M Bean (Chairman) purchased 1,520 shares at $21.00 per share price.

Summit Financial Group: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Summit Financial Group which led to swings in the share price. The shares opened for trading at $16.55 and hit $17.3 on the upside , eventually ending the session at $16.92, with a gain of 3.17% or 0.52 points. The heightened volatility saw the trading volume jump to 23,850 shares. The 52-week high of the share price is $20.77 and the company has a market cap of $181 M . The 52-week low of the share price is at $11.03.

Summit Financial Group Money Flow Index Chart

On May 31, 2016, Summit Financial Group announced a cash dividend of $0.1000. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.

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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