The SVP & CFO of Summit Financial Group (SMMF) is Buying Shares


Today, the SVP & CFO of Summit Financial Group (NASDAQ: SMMF), Robert Tissue, bought shares of SMMF for $24.91K.

Following Robert Tissue’s last SMMF Buy transaction on October 25, 2016, the stock climbed by 4.9%. This recent transaction increases Robert Tissue’s holding in the company by 1.62% to a total of $2.14 million.

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Based on Summit Financial Group’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $27.55 million and quarterly net profit of $6.28 million. In comparison, last year the company earned revenue of $26.07 million and had a net profit of $5.28 million. SMMF’s market cap is $302.4M and the company has a P/E ratio of 13.73. Currently, Summit Financial Group has an average volume of 624.

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Summit Financial Group, Inc. (West Virginia) is a holding company, which engages in the provision of community banking and insurance services. It operates through the following segments: Community Banking, Trust and Wealth Management, and Insurance Services.

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