Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. More Details
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Summit State Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SSBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SSBI's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SSBI exceeded the US Banks industry which returned -17.3% over the past year.
Return vs Market: SSBI underperformed the US Market which returned 20.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Summit State Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StThere's A Lot To Like About Summit State Bank's (NASDAQ:SSBI) Upcoming US$0.12 Dividend
3 weeks ago | Simply Wall StSummit State Bank (NASDAQ:SSBI) Has Got What It Takes To Be An Attractive Dividend Stock
Is Summit State Bank undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SSBI ($13.27) is trading above our estimate of fair value ($11.42)
Significantly Below Fair Value: SSBI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SSBI is good value based on its PE Ratio (8.5x) compared to the US Banks industry average (11.4x).
PE vs Market: SSBI is good value based on its PE Ratio (8.5x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SSBI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SSBI is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (0.9x).
How is Summit State Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Summit State Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Summit State Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSBI has high quality earnings.
Growing Profit Margin: SSBI's current net profit margins (31%) are higher than last year (23.9%).
Past Earnings Growth Analysis
Earnings Trend: SSBI's earnings have grown by 8.9% per year over the past 5 years.
Accelerating Growth: SSBI's earnings growth over the past year (63.3%) exceeds its 5-year average (8.9% per year).
Earnings vs Industry: SSBI earnings growth over the past year (63.3%) exceeded the Banks industry -4.3%.
Return on Equity
High ROE: SSBI's Return on Equity (12.8%) is considered low.
How is Summit State Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: SSBI's Assets to Equity ratio (11.4x) is moderate.
Allowance for Bad Loans: SSBI has a sufficient allowance for bad loans (3143%).
Low Risk Liabilities: 90% of SSBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: SSBI has an appropriate level of Loans to Assets ratio (87%).
Low Risk Deposits: SSBI's Loans to Deposits ratio (106%) is appropriate.
Level of Bad Loans: SSBI has an appropriate level of bad loans (0%).
What is Summit State Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SSBI's dividend (3.62%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: SSBI's dividend (3.62%) is low compared to the top 25% of dividend payers in the US market (4.08%).
Stability and Growth of Payments
Stable Dividend: SSBI's dividends per share have been stable in the past 10 years.
Growing Dividend: SSBI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.9%), SSBI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brian Reed (61 yo)
Mr. Brian J. Reed has been the President and Chief Executive Officer at Summit State Bank since April 27, 2020 and its Director since April 2020. He served as Executive Vice President and Chief Credit Offi...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD304.73K) is below average for companies of similar size in the US market ($USD561.31K).
Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.
|Executive VP & Chief Lending Officer||3.92yrs||US$307.37k||0.051% |
|Executive VP & CFO||0.92yr||US$156.48k||0.0099% |
|Executive VP & COO||1.83yrs||US$279.74k||0.11% |
|Vice President of Marketing & Community Relations||7.08yrs||no data||no data|
|Senior Vice President||9.08yrs||no data||no data|
|Senior Vice President||4.25yrs||no data||no data|
|Senior VP & Chief Credit Officer||0.83yr||no data||0.0066% |
|Corporate Secretary||no data||no data||no data|
|Director of Information Services||no data||no data||no data|
Experienced Management: SSBI's management team is considered experienced (2.9 years average tenure).
|Independent Director||22.83yrs||US$28.10k||12.47% |
|Independent Director||20.83yrs||US$30.50k||0.13% |
|Member of Advisory Board||no data||US$12.40k||no data|
|Chairman of Advisory Board Member||no data||US$13.20k||no data|
|Independent Director||11.75yrs||US$45.30k||0.22% |
|Chairman of the Board||0.42yr||US$380.87k||2.25% |
|Independent Director||9.42yrs||US$50.50k||0.00020% |
|Independent Director||7.33yrs||US$39.30k||0.26% |
|Independent Director||7.83yrs||US$39.70k||no data|
|Independent Director||6.33yrs||US$42.10k||0.23% |
|Member of Advisory Board||no data||no data||no data|
Experienced Board: SSBI's board of directors are considered experienced (7.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SSBI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Summit State Bank's company bio, employee growth, exchange listings and data sources
- Name: Summit State Bank
- Ticker: SSBI
- Exchange: NasdaqGM
- Founded: 1982
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$80.544m
- Shares outstanding: 6.07m
- Website: https://summitstatebank.com
Number of Employees
- Summit State Bank
- 500 Bicentennial Way
- Santa Rosa
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SSBI||NasdaqGM (Nasdaq Global Market)||Yes||Common Shares||US||USD||Jul 2006|
Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/28 23:21|
|End of Day Share Price||2020/11/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.