Split History
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Summit Financial Group (SMMF) has 3 splits in our SMMF split history database. The first split for SMMF took place on August 21, 2001. This was a 2 for 1 split, meaning for each share of SMMF owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. SMMF's second split took place on March 17, 2003. This was a 2 for 1 split, meaning for each share of SMMF owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. SMMF's third split took place on December 16, 2004. This was a 2 for 1 split, meaning for each share of SMMF owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Summit Financial Group splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the SMMF split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Summit Financial Group shares, starting with a $10,000 purchase of SMMF, presented on a split-history-adjusted basis factoring in the complete SMMF split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/18/2024 | ||
| Start price/share: | $10.60 | ||
| End price/share: | $25.08 | ||
| Starting shares: | 943.40 | ||
| Ending shares: | 1,213.93 | ||
| Dividends reinvested/share: | $5.48 | ||
| Total return: | 204.45% | ||
| Average Annual Total Return: | 11.78% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $30,444.48 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/18/2024 | ||
| Start price/share: | $10.60 | ||
| End price/share: | $25.08 | ||
| Dividends collected/share: | $5.48 | ||
| Total return: | 188.30% | ||
| Average Annual Total Return: | 11.17% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $28,823.72 | ||
| Years: | 10.00 | ||
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| About Summit Financial Group |
| 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. According to our SMMF split history records, Summit Financial Group has had 3 splits. |
| SMMF Split History Table | |
| Date | Ratio |
| 08/21/2001 | 2 for 1 |
| 03/17/2003 | 2 for 1 |
| 12/16/2004 | 2 for 1 |
| Financials Stock Splits |
| SMMF is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
SMN Split History Also explore: SMMF shares outstanding history
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