Senior VP & CFO of Summit Financial Group Inc. (SMMF) Robert S Tissue buys 1,000 shares of SMMF on 08/13/2010 at an average price of $3.25 a share.

Summit Financial Group Inc. has a market cap of $23.46 million; its shares were traded at around $3.16 with and P/S ratio of 0.25.

CFO Recent Trades:

• Buy: Senior VP & CFO Robert S Tissue bought 1,000 shares of SMMF stock on 08/13/2010 at the average price of 3.49. Robert S Tissue owns at least 27,284 shares after this. The price of the stock has decreased by 9.46% since.


• Buy: Senior VP & CFO Robert S Tissue bought 1,000 shares of SMMF stock on 08/11/2010 at the average price of 3.48. Robert S Tissue owns at least 26,284 shares after this. The price of the stock has decreased by 9.2% since.


• Buy: Senior VP & CFO Robert S Tissue bought 500 shares of SMMF stock on 08/10/2010 at the average price of 3.75. Robert S Tissue owns at least 25,284 shares after this. The price of the stock has decreased by 15.73% since.


• Buy: Senior VP & CFO Robert S Tissue bought 500 shares of SMMF stock on 08/09/2010 at the average price of 4. Robert S Tissue owns at least 24,784 shares after this. The price of the stock has decreased by 21% since.

This is the insider trade history vs. stock price of SMMF. For the complete insider trading history of SMMF, click here.

Directors and Officers Recent Trades:

• Buy: Director Frank A Baer Iii bought 3,750 shares of SMMF stock on 08/10/2010 at the average price of 4.48. Frank A Baer Iii owns at least 29,269 shares after this. The price of the stock has decreased by 29.46% since.


• Buy: Chairman Oscar M Bean bought 2,500 shares of SMMF stock on 08/09/2010 at the average price of 4.2. Oscar M Bean owns at least 71,257 shares after this. The price of the stock has decreased by 24.76% since.


• Buy: Director Gary L Hinkle bought 5,000 shares of SMMF stock on 08/09/2010 at the average price of 4.23. Gary L Hinkle owns at least 291,030 shares after this. The price of the stock has decreased by 25.3% since.


• Buy: Director Thomas J Hawse Iii bought 4,000 shares of SMMF stock on 08/09/2010 at the average price of 4.15. Thomas J Hawse Iii owns at least 43,759 shares after this. The price of the stock has decreased by 23.86% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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