Summit Financial Group, Inc. Buyback
OLI recorded this information on 2/28/2020
Company:
Summit Financial Group, Inc.
Buyback:
SMMF buyback
Share Amount Authorized:
750,000
Buyback Details:
Summit Financial Group, Inc. ("Summit") (NASDAQ: SMMF) today announces its Board of Directors recently approved a stock repurchase program of up to 750,000 shares of its outstanding common stock. Shares repurchased will be made in management's discretion at prices it considers to be attractive and in the best interests of both the Company and its shareholders, subject to the availability of shares, general market conditions, the trading price of the shares, alternative uses for capital and the Company's financial performance. The program does not obligate Summit to repurchase any particular number of shares of common stock during any period, and it may be discontinued, suspended or restarted at any time at the Company's discretion.
Summit Financial Group is a financial holding company. Through its subsidiary, Summit Community Bank, Inc., Co. provides a range of community banking services, including demand, savings and time deposits; commercial, real estate and consumer loans; trust and wealth management services; and cash management services. Co. segments its loan portfolio into: commercial, commercial real estate, construction and land development, residential real estate, consumer and mortgage warehouse lines of credit. Commercial loans are loans made to commercial borrowers that are not secured by real estate. These encompass loans secured by accounts receivable, inventory and equipment, as well as unsecured loans.
SMMF SEC Filing Email Alerts Service
Open the SMMF Page at The Online Investor »
|
||||||||||||||||||||||||
Open the SMMF Page at The Online Investor (in a new window) »
 Free SMMF Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
|
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: SMMF Stock Forecast Based on Zacks ABR data; powered by Xignite |
