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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 04/18/2024 |
$25.02 |
$25.16 |
$24.87 |
$25.08 |
24.30K | | 04/19/2024 |
$25.50 |
$27.37 |
$25.50 |
$27.20 |
43.00K | | 04/22/2024 |
$27.16 |
$28.32 |
$27.02 |
$27.35 |
26.40K | | 04/23/2024 |
$27.64 |
$27.67 |
$27.25 |
$27.30 |
11.90K | | 04/24/2024 |
$27.05 |
$27.72 |
$26.83 |
$27.72 |
22.70K |
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| 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. | |
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Summit Financial Group (SMMF) has the following price history information. Looking back at SMMF historical stock prices for the last five trading days, on April 18, 2024, SMMF opened at $25.02, traded as high as $25.16 and as low as $24.87, and closed at $25.08. Trading volume was a total of 24.30K shares. On April 19, 2024, SMMF opened at $25.50, traded as high as $27.37 and as low as $25.50, and closed at $27.20. Trading volume was a total of 43.00K shares. On April 22, 2024, SMMF opened at $27.16, traded as high as $28.32 and as low as $27.02, and closed at $27.35. Trading volume was a total of 26.40K shares. On April 23, 2024, SMMF opened at $27.64, traded as high as $27.67 and as low as $27.25, and closed at $27.30. Trading volume was a total of 11.90K shares. On April 24, 2024, SMMF opened at $27.05, traded as high as $27.72 and as low as $26.83, and closed at $27.72. Trading volume was a total of 22.70K shares.
SMMF Historical Stock Prices By Date:
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, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/28/2014 |
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| End date: |
04/24/2024 |
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| Start price/share: |
$10.60 |
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| End price/share: |
$27.72 |
|
| Starting shares: |
943.40 |
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| Ending shares: |
1,213.93 |
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| Dividends reinvested/share: |
$5.48 |
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| Total return: |
236.50% |
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| Average Annual Total Return: |
12.90% |
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| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$33,635.28 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/28/2014 |
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| End date: |
04/24/2024 |
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| Start price/share: |
$10.60 |
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| End price/share: |
$27.72 |
|
| Dividends collected/share: |
$5.48 |
|
| Total return: |
213.21% |
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| Average Annual Total Return: |
12.10% |
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| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$31,327.10 |
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| Years: |
10.00 |
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| Date |
Close |
| 04/18/2024 | $25.08 | | 04/19/2024 | $27.20 | | 04/22/2024 | $27.35 | | 04/23/2024 | $27.30 | | 04/24/2024 | $27.72 |
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