Global Partners LP (GLP) Forms $17.40 Double Bottom; Summit Financial Group (SMMF) Sentiment Is 2.7

Summit Financial Group, Inc. operates as a financial holding firm for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle and South Central regions of West Virginia and the Shenandoah Valley, and Northern regions of Virginia. The company has market cap of $306.74 million. The firm operates through two divisions, Community Banking, and Insurance & Financial Services. It has a 24.82 P/E ratio. The Company’s community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and development, residential real estate, and consumer loans; mortgage warehouse lines of credit; letters of credit; and cash management services.

Global Partners LP (GLP) formed double bottom with $16.36 target or 6.00% below today’s $17.40 share price. Global Partners LP (GLP) has $589.42M valuation. The stock decreased 0.57% or $0.1 during the last trading session, reaching $17.4. About 39,671 shares traded. Global Partners LP (NYSE:GLP) has risen 51.68% since February 18, 2017 and is uptrending. It has outperformed by 34.98% the S&P500.

Among 8 analysts covering Global Partners (NYSE:GLP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Global Partners has $43.0 highest and $16 lowest target. $23.29’s average target is 33.85% above currents $17.4 stock price. Global Partners had 18 analyst reports since August 8, 2015 according to SRatingsIntel. The stock of Global Partners LP (NYSE:GLP) earned “Equal-Weight” rating by Barclays Capital on Tuesday, August 16. The firm earned “Buy” rating on Tuesday, February 7 by Stifel Nicolaus. Mitsubishi UFJ downgraded the stock to “Neutral” rating in Friday, January 29 report. The rating was initiated by Stifel Nicolaus with “Hold” on Tuesday, February 23. FBR Capital maintained it with “Mkt Perform” rating and $33 target in Wednesday, November 11 report. Stifel Nicolaus maintained Global Partners LP (NYSE:GLP) on Wednesday, August 9 with “Buy” rating. The firm earned “Hold” rating on Tuesday, November 21 by J.P. Morgan. The firm earned “Neutral” rating on Friday, June 23 by Janney Capital. RBC Capital Markets maintained the shares of GLP in report on Friday, September 4 with “Outperform” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, July 27 report.

Analysts await Global Partners LP (NYSE:GLP) to report earnings on March, 8. They expect $0.13 earnings per share, up 134.21% or $0.51 from last year’s $-0.38 per share. GLP’s profit will be $4.40 million for 33.46 P/E if the $0.13 EPS becomes a reality. After $0.44 actual earnings per share reported by Global Partners LP for the previous quarter, Wall Street now forecasts -70.45% negative EPS growth.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.13, from 1.04 in 2017Q2. It is negative, as 7 investors sold Global Partners LP shares while 15 reduced holdings. 5 funds opened positions while 15 raised stakes. 13.20 million shares or 0.07% less from 13.21 million shares in 2017Q2 were reported. Barclays Plc holds 0% in Global Partners LP (NYSE:GLP) or 11,796 shares. First Manhattan Company owns 1,500 shares. Moors And Cabot holds 11,388 shares. Raymond James Fincl, Florida-based fund reported 24,907 shares. Arrow Inv Advsrs Limited Liability invested 0.21% of its portfolio in Global Partners LP (NYSE:GLP). Texas Yale invested in 0.04% or 23,550 shares. The Germany-based Deutsche Bankshares Ag has invested 0% in Global Partners LP (NYSE:GLP). Huntington Bancorporation owns 1,000 shares. Baldwin Brothers Ma, a Massachusetts-based fund reported 19,500 shares. Bnp Paribas Arbitrage Sa has 0% invested in Global Partners LP (NYSE:GLP). Raymond James Trust Na invested 0.01% in Global Partners LP (NYSE:GLP). Plante Moran Finance Advsr Limited has invested 0.01% in Global Partners LP (NYSE:GLP). Van Eck Associate, New York-based fund reported 122,321 shares. The New York-based Morgan Stanley has invested 0.02% in Global Partners LP (NYSE:GLP). Credit Suisse Ag owns 22,763 shares.

The stock increased 1.72% or $0.42 during the last trading session, reaching $24.82. About 9,491 shares traded. Summit Financial Group, Inc. (SMMF) has risen 14.13% since February 18, 2017 and is uptrending. It has underperformed by 2.57% the S&P500.