Summit Financial Group Inc (SMMF): Jeffrey E. Hott , director of Summit Financial Group Inc sold 3,700 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $17.05 per share for a total value of $62,920.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Gary L Hinkle (director) purchased 4,862 shares at $16.90 per share price.On Sep 24, 2015, Jeffrey E. Hott (director) sold 2,085 shares at $11.50 per share price.Also, On Feb 18, 2015, Oscar M Bean (Chairman) purchased 1,520 shares at $21.00 per share price.
Shares of Summit Financial Group (SMMF) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.17 points or -0.99% at $17.03 with 14,731 shares getting traded. Post opening the session at $17, the shares hit an intraday low of $16.83 and an intraday high of $17.4 and the price vacillated in this range throughout the day. The company has a market cap of $182 M and the number of outstanding shares has been calculated to be 1,06,81,880 shares. The 52-week high of Summit Financial Group is $20.77 and the 52-week low is $11.03.
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.