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SMMF
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
342.07M

SMMF Summit Financial Group Forecast, Technical & Fundamental Analysis

a regional bank

Industry RegionalBanks
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SMMF with price predictions
07:00 PM EST Nov 27, 2023

SMMF in upward trend: 10-day moving average broke above 50-day moving average on November 27, 2023

The 10-day moving average for SMMF crossed bullishly above the 50-day moving average on November 27, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 14, 2023. You may want to consider a long position or call options on SMMF as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SMMF just turned positive on November 10, 2023. Looking at past instances where SMMF's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

SMMF moved above its 50-day moving average on November 20, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SMMF advanced for three days, in of 261 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 223 cases where SMMF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SMMF moved out of overbought territory on November 27, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 25 similar instances where the indicator moved out of overbought territory. In of the 25 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

SMMF broke above its upper Bollinger Band on November 20, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.852) is normal, around the industry mean (1.011). P/E Ratio (6.053) is within average values for comparable stocks, (17.407). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.347). Dividend Yield (0.035) settles around the average of (0.045) among similar stocks. P/S Ratio (1.926) is also within normal values, averaging (2.570).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SMMF’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are US Bancorp (NYSE:USB), Itau Unibanco Holding SA (NYSE:ITUB), PNC Financial Services Group (NYSE:PNC), Banco Bradesco SA (NYSE:BBD), Deutsche Bank Aktiengesellschaft (NYSE:DB), Huntington Bancshares (NASDAQ:HBAN), Regions Financial Corp (NYSE:RF), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).

Industry description

Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.

Market Cap

The average market capitalization across the Regional Banks Industry is 5.55B. The market cap for tickers in the group ranges from 10.73K to 139.25B. HDB holds the highest valuation in this group at 139.25B. The lowest valued company is ACBCQ at 10.73K.

High and low price notable news

The average weekly price growth across all stocks in the Regional Banks Industry was 0%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 7%. SUPV experienced the highest price growth at 31%, while QCCO experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Regional Banks Industry was 27%. For the same stocks of the Industry, the average monthly volume growth was -11% and the average quarterly volume growth was -21%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 65
Price Growth Rating: 49
SMR Rating: 37
Profit Risk Rating: 80
Seasonality Score: 7 (-100 ... +100)
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A.I. Advisor
published Earnings

SMMF is expected to report earnings to $1.10 per share on January 26

Summit Financial Group SMMF Stock Earnings Reports
Q4'23
Est.
$1.10
Q3'23
Beat
by $0.06
Q2'23
Missed
by $0.03
Q1'23
Beat
by $0.02
Q4'22
Missed
by $0.03
The last earnings report on October 26 showed earnings per share of $1.09, beating the estimate of $1.03. With 14.31K shares outstanding, the current market capitalization sits at 342.07M.
A.I.Advisor
published Dividends

SMMF paid dividends on September 29, 2023

Summit Financial Group SMMF Stock Dividends
А dividend of $0.22 per share was paid with a record date of September 29, 2023, and an ex-dividend date of September 14, 2023. Read more...
A.I. Advisor
published General Information

General Information

a regional bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Regional Banks
Address
300 North Main Street
Phone
+1 304 530-1000
Employees
432
Web
http://www.summitfgi.com
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SMMF and

Correlation & Price change

A.I.dvisor indicates that over the last year, SMMF has been closely correlated with FRME. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if SMMF jumps, then FRME could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SMMF
1D Price
Change %
SMMF100%
N/A
FRME - SMMF
69%
Closely correlated
-0.82%
UVSP - SMMF
68%
Closely correlated
-0.32%
MCBS - SMMF
68%
Closely correlated
-2.43%
FBIZ - SMMF
67%
Closely correlated
-0.73%
WTFC - SMMF
67%
Closely correlated
-0.14%
More

Groups containing SMMF

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SMMF
1D Price
Change %
SMMF100%
N/A
SMMF
(undefined stocks)
77%
Closely correlated
-0.65%
banks
(undefined stocks)
70%
Closely correlated
-0.13%
regional banks
(undefined stocks)
70%
Closely correlated
-0.26%