U.S. markets open in 7 hours 26 minutes
  • S&P Futures

    4,127.00
    +9.00 (+0.22%)
     
  • Dow Futures

    33,698.00
    +74.00 (+0.22%)
     
  • Nasdaq Futures

    13,840.00
    +41.25 (+0.30%)
     
  • Russell 2000 Futures

    2,252.70
    +7.70 (+0.34%)
     
  • Crude Oil

    63.08
    -0.07 (-0.11%)
     
  • Gold

    1,742.30
    +6.00 (+0.35%)
     
  • Silver

    25.56
    +0.03 (+0.12%)
     
  • EUR/USD

    1.1977
    -0.0006 (-0.05%)
     
  • 10-Yr Bond

    1.6380
    0.0000 (0.00%)
     
  • Vix

    16.99
    +0.34 (+2.04%)
     
  • GBP/USD

    1.3768
    -0.0013 (-0.09%)
     
  • USD/JPY

    108.9260
    -0.0010 (-0.00%)
     
  • BTC-USD

    63,310.24
    -919.40 (-1.43%)
     
  • CMC Crypto 200

    1,382.01
    +6.23 (+0.45%)
     
  • FTSE 100

    6,939.58
    +49.09 (+0.71%)
     
  • Nikkei 225

    29,617.86
    -3.13 (-0.01%)
     

Summit (SMMF) Looks Good: Stock Adds 6.1% in Session

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Zacks Equity Research
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Summit Financial Group, Inc. SMMF was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.15 to $19.60 in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Summit currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Summit Financial Group, Inc. Price

Summit Financial Group, Inc. Price
Summit Financial Group, Inc. Price

Summit Financial Group, Inc. price | Summit Financial Group, Inc. Quote

A better-ranked stock in the Banks - Southeast industry is Allegiance Bancshares, Inc. ABTX, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Allegiance Bancshares, Inc. (ABTX) : Free Stock Analysis Report
 
Summit Financial Group, Inc. (SMMF) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research