Summit Financial Group, Inc. (SMMF) At $27.09 Forms Top; Kar Auction Services (KAR)’s Sentiment Is 1.37

December 7, 2017 - By Stephen Andrade

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom. The company has market cap of $6.80 billion. It operates in three divisions: ADESA Auctions, IAA, and AFC. It has a 30.85 P/E ratio. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

Summit Financial Group, Inc. (SMMF) formed multiple top with $28.17 target or 4.00% above today’s $27.09 share price. Summit Financial Group, Inc. (SMMF) has $336.68M valuation. The stock decreased 0.18% or $0.05 during the last trading session, reaching $27.09. About 9 shares traded. Summit Financial Group, Inc. (NASDAQ:SMMF) has risen 14.13% since December 7, 2016 and is uptrending. It has underperformed by 2.57% the S&P500.

Analysts await Summit Financial Group, Inc. (NASDAQ:SMMF) to report earnings on January, 29. They expect $0.53 earnings per share, up 20.45% or $0.09 from last year’s $0.44 per share. SMMF’s profit will be $6.59 million for 12.78 P/E if the $0.53 EPS becomes a reality. After $0.48 actual earnings per share reported by Summit Financial Group, Inc. for the previous quarter, Wall Street now forecasts 10.42% EPS growth.

Investors sentiment increased to 3 in Q2 2017. Its up 1.56, from 1.44 in 2017Q1. It is positive, as 4 investors sold Summit Financial Group, Inc. shares while 7 reduced holdings. 11 funds opened positions while 22 raised stakes. 2.22 million shares or 14.23% more from 1.94 million shares in 2017Q1 were reported. Ny State Common Retirement Fund holds 14,182 shares or 0% of its portfolio. Creative Planning has 0% invested in Summit Financial Group, Inc. (NASDAQ:SMMF). Philadelphia Trust stated it has 19,455 shares or 0.04% of all its holdings. Schwab Charles Inv Management Incorporated invested in 0% or 21,700 shares. Blackrock stated it has 494,258 shares. Lsv Asset has 18,900 shares. Nationwide Fund stated it has 0% of its portfolio in Summit Financial Group, Inc. (NASDAQ:SMMF). Zacks Inv Mgmt holds 0.01% or 17,182 shares. Gendell Jeffrey L reported 240,350 shares or 0.38% of all its holdings. Wells Fargo Mn holds 0% or 10,979 shares in its portfolio. Morgan Stanley has 11,471 shares. Bnp Paribas Arbitrage Sa has invested 0% in Summit Financial Group, Inc. (NASDAQ:SMMF). Renaissance Technologies Llc holds 0.01% of its portfolio in Summit Financial Group, Inc. (NASDAQ:SMMF) for 190,735 shares. Comml Bank Of Ny Mellon has invested 0% of its portfolio in Summit Financial Group, Inc. (NASDAQ:SMMF). Royal Bancorp Of Canada invested in 0% or 611 shares.

Among 2 analysts covering Summit Financial Group (NASDAQ:SMMF), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Summit Financial Group has $26.0 highest and $22 lowest target. $24’s average target is -11.41% below currents $27.09 stock price. Summit Financial Group had 2 analyst reports since October 12, 2016 according to SRatingsIntel. Sandler O’Neill downgraded the stock to “Hold” rating in Monday, September 25 report.

Since June 15, 2017, it had 0 insider buys, and 1 insider sale for $66,000 activity. HAWSE THOMAS J III also sold $66,000 worth of Summit Financial Group, Inc. (NASDAQ:SMMF) on Thursday, June 15.

Ratings analysis reveals 100% of KAR Auction Services’s analysts are positive. Out of 2 Wall Street analysts rating KAR Auction Services, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. KAR was included in 2 notes of analysts from August 26, 2016. The stock has “Positive” rating by Susquehanna on Friday, August 26. The firm has “Buy” rating by Gabelli given on Friday, April 7.

The stock decreased 0.89% or $0.45 during the last trading session, reaching $50.29. About 459,005 shares traded. KAR Auction Services, Inc. (KAR) has risen 7.49% since December 7, 2016 and is uptrending. It has underperformed by 9.21% the S&P500.

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