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Summit Financial Group Inc (SMMF) Files 10-K for the Fiscal Year Ended on December 31, 2017

- By insider

Summit Financial Group Inc (SMMF) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Summit Financial Group Inc provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty insurance products, as well as group health and life insurance products and consulting services. Summit Financial Group Inc has a market cap of $309.700 million; its shares were traded at around $25.06 with a P/E ratio of 26.38 and P/S ratio of 3.85. The dividend yield of Summit Financial Group Inc stocks is 1.76%. Summit Financial Group Inc had annual average EBITDA growth of 30.80% over the past five years.


For the last quarter Summit Financial Group Inc reported a revenue of $21.4 million, compared with the revenue of $16.46 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $80.6 million, an increase of 32.9% from last year. For the last five years Summit Financial Group Inc had an average revenue growth rate of 8.3% a year.

The reported diluted earnings per share was $1 for the year, a decline of 37.9% from the previous year. Over the last five years Summit Financial Group Inc had an EPS growth rate of 16% a year. The Summit Financial Group Inc had a decent operating margin of 26.78%, compared with the operating margin of 41.75% a year before. The 10-year historical median operating margin of Summit Financial Group Inc is 17.33%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Summit Financial Group Inc has the cash and cash equivalents of $52.6 million, compared with $46.6 million in the previous year. The long term debt was $65.3 million, compared with $66.3 million in the previous year. The interest coverage to the debt is 1.2, which is not a favorable level. Summit Financial Group Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $25.06, Summit Financial Group Inc is traded at 125.8% premium to its historical median P/S valuation band of $11.10. The P/S ratio of the stock is 3.85, while the historical median P/S ratio is 1.70. The stock gained 1.56% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Gary L Hinkle bought 3,628 shares of SMMF stock on 02/15/2018 at the average price of $23.52. The price of the stock has increased by 6.55% since.
  • Director Gary L Hinkle bought 3,628 shares of SMMF stock on 02/14/2018 at the average price of $23.26. The price of the stock has increased by 7.74% since.
  • Director Duke A Mcdaniel sold 3,889 shares of SMMF stock on 02/06/2018 at the average price of $23.5. The price of the stock has increased by 6.64% since.

For the complete 20-year historical financial data of SMMF, click here.

This article first appeared on GuruFocus.