President & CEO of Summit Financial Group, Inc. (SMMF) H Charles Iii Maddy sells 4,800 shares of SMMF on 02/12/2013 at an average price of $7.07 a share.

Summit Financial Group, Inc. has a market cap of $53.9 million; its shares were traded at around $7.24 with a P/E ratio of 16.6 and P/S ratio of 1.6.

This is the annual revenues and earnings per share of SMMF over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of SMMF.

CEO Recent Trades:

• President & CEO H Charles Maddy Iii sold 4,800 shares of SMMF stock on 02/12/2013 at the average price of 7.07. H Charles Maddy Iii owns at least 41,381 shares after this. The price of the stock has increased by 2.4% since.
• President & CEO H Charles Maddy Iii sold 1,600 shares of SMMF stock on 02/06/2013 at the average price of 7.1. H Charles Maddy Iii owns at least 41,381 shares after this. The price of the stock has increased by 1.97% since.

CFO Recent Trades:

• Senior VP & CFO Robert S Tissue sold 2,400 shares of SMMF stock on 02/07/2013 at the average price of 7.08. Robert S Tissue owns at least 28,665 shares after this. The price of the stock has increased by 2.26% 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:

• Chairman Oscar M Bean bought 1,000 shares of SMMF stock on 12/10/2012 at the average price of 4.81. Oscar M Bean owns at least 76,357 shares after this. The price of the stock has increased by 50.52% since.
• Director Jeffrey E. Hott sold 10,100 shares of SMMF stock on 10/03/2012 at the average price of 4.61. Jeffrey E. Hott owns at least 162,054 shares after this. The price of the stock has increased by 57.05% since.
• Director Jeffrey E. Hott sold 46,000 shares of SMMF stock on 09/11/2012 at the average price of 4.35. Jeffrey E. Hott owns at least 204,104 shares after this. The price of the stock has increased by 66.44% since.
• Director Jeffrey E. Hott sold 48,000 shares of SMMF stock on 09/11/2012 at the average price of 4.35. Jeffrey E. Hott owns at least 202,104 shares after this. The price of the stock has increased by 66.44% since.
• Director Thomas J Hawse Iii sold 1,900 shares of SMMF stock on 09/11/2012 at the average price of 4.22. Thomas J Hawse Iii owns at least 74,709 shares after this. The price of the stock has increased by 71.56% since.

For the complete insider trading history of SMMF, click here.

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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