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. We show 59 historical shares outstanding datapoints in our SMMF shares outstanding history coverage, used to compute SMMF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SMMF market cap history over the course of time is important for investors
interested in comparing SMMF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SMMF versus a peer is one thing; comparing
SMMF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SMMF can fluctuate over the course of history.
With this page we aim to empower investors researching SMMF by allowing them to research the SMMF market cap history. |
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Video: The Importance of Market Cap
