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SSBI

Summit State Bank NasdaqGM:SSBI Stock Report

Last Price

US$16.40

Market Cap

US$109.7m

7D

2.4%

1Y

0.1%

Updated

01 Dec, 2022

Data

Company Financials
SSBI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

SSBI Stock Overview

Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California.

Rewards

Trading at 47.3% below our estimate of its fair value

Earnings grew by 15.5% over the past year

Pays a reliable dividend of 2.93%

Risk Analysis

No risks detected for SSBI from our risk checks.

Summit State Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Summit State Bank
Historical stock prices
Current Share PriceUS$16.40
52 Week HighUS$17.98
52 Week LowUS$14.05
Beta0.53
1 Month Change9.48%
3 Month Change9.33%
1 Year Change0.11%
3 Year Change41.05%
5 Year Change43.75%
Change since IPO50.33%

Recent News & Updates

Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12

Jul 29
Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12

Recent updates

Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12

Jul 29
Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12

Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of US$0.12

Apr 29
Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of US$0.12

Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of US$0.12

Jan 28
Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of US$0.12

Summit State Bank's (NASDAQ:SSBI) Dividend Will Be US$0.12

Jul 30
Summit State Bank's (NASDAQ:SSBI) Dividend Will Be US$0.12

Summit State Bank's (NASDAQ:SSBI) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

May 07
Summit State Bank's (NASDAQ:SSBI) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

Does Summit State Bank's (NASDAQ:SSBI) Share Price Gain of 95% Match Its Business Performance?

Mar 15
Does Summit State Bank's (NASDAQ:SSBI) Share Price Gain of 95% Match Its Business Performance?

Why You Might Be Interested In Summit State Bank (NASDAQ:SSBI) For Its Upcoming Dividend

Feb 07
Why You Might Be Interested In Summit State Bank (NASDAQ:SSBI) For Its Upcoming Dividend

Are You An Income Investor? Don't Miss Out On Summit State Bank (NASDAQ:SSBI)

Feb 05
Are You An Income Investor? Don't Miss Out On Summit State Bank (NASDAQ:SSBI)

Here's Why I Think Summit State Bank (NASDAQ:SSBI) Is An Interesting Stock

Jan 01
Here's Why I Think Summit State Bank (NASDAQ:SSBI) Is An Interesting Stock

Shareholder Returns

SSBIUS BanksUS Market
7D2.4%-0.6%1.4%
1Y0.1%-14.5%-16.1%

Return vs Industry: SSBI exceeded the US Banks industry which returned -10.8% over the past year.

Return vs Market: SSBI exceeded the US Market which returned -14.8% over the past year.

Price Volatility

Is SSBI's price volatile compared to industry and market?
SSBI volatility
SSBI Average Weekly Movement3.2%
Banks Industry Average Movement4.1%
Market Average Movement7.4%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market3.3%

Stable Share Price: SSBI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SSBI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982107Brian Reedhttps://summitstatebank.com

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, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, individual retirement, and other retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and lines of credit, term, and equipment loans, as well as loans to agriculture-related businesses.

Summit State Bank Fundamentals Summary

How do Summit State Bank's earnings and revenue compare to its market cap?
SSBI fundamental statistics
Market CapUS$109.68m
Earnings (TTM)US$16.10m
Revenue (TTM)US$44.81m

6.8x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SSBI income statement (TTM)
RevenueUS$44.81m
Cost of RevenueUS$0
Gross ProfitUS$44.81m
Other ExpensesUS$28.71m
EarningsUS$16.10m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.41
Gross Margin100.00%
Net Profit Margin35.94%
Debt/Equity Ratio94.3%

How did SSBI perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

19%

Payout Ratio