SMMF 11.95 Summit Financial Group $SMMF Hit a 52 w
Post# of 11
Posted On: 11/04/2014 1:37:56 AM
SMMF 11.95 Summit Financial Group $SMMF Hit a 52 week high of 12.70 Closing the day 11/03/14 at 11.95 +0.26 +2.22% With a day low of 11.52 and a total volume of 19,845.
SMMF Recent Posts: http://investorshangout.com/Summit-Financial-...MMF-55460/
SMMF Summit Financial Group Recent Headline News
Summit Financial Group Reports Third Quarter 2014 Results
GlobeNewswire - Wed Oct 29, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today reported third quarter 2014 net income applicable to common shares of $3.14 million, or $0.35 per diluted share, compared to $2.08 million, or $0.24 per diluted share, for the third quarter of 2013, representing an increase of 51.3 percent, or 45.8 percent per diluted share. Q3 2014 earnings compared to Q3 2013 were positively impacted by a $1.54 million increase in net interest income and a $750,000 decline in provision for loan losses, but were negatively impacted by a $926,000 increase in write-downs of foreclosed properties.
SMMF: 11.95 (+0.26)
Summit Financial Group, Inc. Announces Entry Into Securities Purchase Agreement to Raise Capital
GlobeNewswire - Mon Aug 25, 5:22AM CDT
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today announced that it has entered into a Securities Purchase Agreement (the "Purchase Agreement" with Castle Creek Capital Partners V, LP ("Castle Creek" . Following the satisfaction or waiver of the conditions set forth in the Purchase Agreement, Castle Creek has agreed to acquire in a private placement (the "Private Placement" shares of common stock of Summit ("Common Stock" in an amount that is expected to approximate 9.9% of the outstanding Common Stock of the Company following consummation of the Private Placement at the price of $9.75 per share. The Company will receive approximately $10.2 million in net proceeds in the Private Placement after the consummation of the transactions contemplated by the Purchase Agreement.
SMMF: 11.95 (+0.26)
Summit Financial Group Reports Second Quarter 2014 Results
GlobeNewswire - Wed Jul 30, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today reported second quarter 2014 net income applicable to common shares of $2.24 million, or $0.25 per diluted share, compared to $1.02 million, or $0.13 per diluted share, for the second quarter of 2013, representing an increase of 118.9 percent, or 92.3 percent per diluted share. Q2 2014 earnings compared to Q2 2013 were positively impacted by a $532,000 decline in write-downs of foreclosed properties and an $816,000 increase in net interest income.
SMMF: 11.95 (+0.26)
WEALTHMAKERS.COM Issues Bullish Research Reports on SMMF, SONS, TTNP, VE
M2 - Wed May 15, 2:51AM CDT
WEALTHMAKERS.COM / www.wealthmakers.com , a Wall Street research and trading firm providing unbiased statistical stock market predictions to empower investors, securities professionals and public company employees to make precise, predictive and profitable trading decisions, has issued new research reports today on the following stocks: Summit Financial Group Inc (NASDAQ:SMMF), Sonus Networks Inc (NASDAQ:SONS), Titan Pharmaceuticals Inc (OTC:TTNP), Veolia Environnement Ve SA (NYSE:VE)
VE: 16.70 (+0.43), SMMF: 11.95 (+0.26), SONS: 3.69 (+0.22)
Summit Financial Group Reports First Quarter 2013 Results
GlobeNewswire - Thu Apr 25, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today reported first quarter 2013 net income applicable to common shares of $1.60 million, or $0.19 per diluted share, compared to $1.50 million, or $0.18 per diluted share, for the first quarter of 2012. Q1 2013 earnings compared to Q1 2012 were positively impacted by a $1.5 million decrease in combined provision for loan losses and write downs of foreclosed properties, which was partially negated by $1.1 million reduction in realized securities gains.
SMMF: 11.95 (+0.26)
Summit Financial Group Reports Fourth Quarter & Full Year 2012 Results
GlobeNewswire - Wed Jan 30, 5:00AM CST
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today reported fourth quarter 2012 net income applicable to common shares of $1,911,000, or $0.22 per diluted share, compared to $1,331,000, or $0.16 per diluted share, for the fourth quarter of 2011.
SMMF: 11.95 (+0.26)
SMMF Recent Posts: http://investorshangout.com/Summit-Financial-...MMF-55460/
SMMF Summit Financial Group Recent Headline News
Summit Financial Group Reports Third Quarter 2014 Results
GlobeNewswire - Wed Oct 29, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today reported third quarter 2014 net income applicable to common shares of $3.14 million, or $0.35 per diluted share, compared to $2.08 million, or $0.24 per diluted share, for the third quarter of 2013, representing an increase of 51.3 percent, or 45.8 percent per diluted share. Q3 2014 earnings compared to Q3 2013 were positively impacted by a $1.54 million increase in net interest income and a $750,000 decline in provision for loan losses, but were negatively impacted by a $926,000 increase in write-downs of foreclosed properties. SMMF: 11.95 (+0.26)
Summit Financial Group, Inc. Announces Entry Into Securities Purchase Agreement to Raise Capital
GlobeNewswire - Mon Aug 25, 5:22AM CDT
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today announced that it has entered into a Securities Purchase Agreement (the "Purchase Agreement" with Castle Creek Capital Partners V, LP ("Castle Creek" . Following the satisfaction or waiver of the conditions set forth in the Purchase Agreement, Castle Creek has agreed to acquire in a private placement (the "Private Placement" shares of common stock of Summit ("Common Stock" in an amount that is expected to approximate 9.9% of the outstanding Common Stock of the Company following consummation of the Private Placement at the price of $9.75 per share. The Company will receive approximately $10.2 million in net proceeds in the Private Placement after the consummation of the transactions contemplated by the Purchase Agreement. SMMF: 11.95 (+0.26)
Summit Financial Group Reports Second Quarter 2014 Results
GlobeNewswire - Wed Jul 30, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today reported second quarter 2014 net income applicable to common shares of $2.24 million, or $0.25 per diluted share, compared to $1.02 million, or $0.13 per diluted share, for the second quarter of 2013, representing an increase of 118.9 percent, or 92.3 percent per diluted share. Q2 2014 earnings compared to Q2 2013 were positively impacted by a $532,000 decline in write-downs of foreclosed properties and an $816,000 increase in net interest income. SMMF: 11.95 (+0.26)
WEALTHMAKERS.COM Issues Bullish Research Reports on SMMF, SONS, TTNP, VE
M2 - Wed May 15, 2:51AM CDT
WEALTHMAKERS.COM / www.wealthmakers.com , a Wall Street research and trading firm providing unbiased statistical stock market predictions to empower investors, securities professionals and public company employees to make precise, predictive and profitable trading decisions, has issued new research reports today on the following stocks: Summit Financial Group Inc (NASDAQ:SMMF), Sonus Networks Inc (NASDAQ:SONS), Titan Pharmaceuticals Inc (OTC:TTNP), Veolia Environnement Ve SA (NYSE:VE)
VE: 16.70 (+0.43), SMMF: 11.95 (+0.26), SONS: 3.69 (+0.22)
Summit Financial Group Reports First Quarter 2013 Results
GlobeNewswire - Thu Apr 25, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today reported first quarter 2013 net income applicable to common shares of $1.60 million, or $0.19 per diluted share, compared to $1.50 million, or $0.18 per diluted share, for the first quarter of 2012. Q1 2013 earnings compared to Q1 2012 were positively impacted by a $1.5 million decrease in combined provision for loan losses and write downs of foreclosed properties, which was partially negated by $1.1 million reduction in realized securities gains. SMMF: 11.95 (+0.26)
Summit Financial Group Reports Fourth Quarter & Full Year 2012 Results
GlobeNewswire - Wed Jan 30, 5:00AM CST
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today reported fourth quarter 2012 net income applicable to common shares of $1,911,000, or $0.22 per diluted share, compared to $1,331,000, or $0.16 per diluted share, for the fourth quarter of 2011. SMMF: 11.95 (+0.26)
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