SSBI Stock Overview
Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California.
No risks detected for SSBI from our risk checks.
Summit State Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$15.01|
|52 Week High||US$20.00|
|52 Week Low||US$13.91|
|1 Month Change||-1.74%|
|3 Month Change||-1.57%|
|1 Year Change||-1.13%|
|3 Year Change||37.02%|
|5 Year Change||32.09%|
|Change since IPO||37.59%|
Recent News & Updates
Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12
Summit State Bank ( NASDAQ:SSBI ) has announced that it will pay a dividend of $0.12 per share on the 18th of August...
Summit State Bank declares $0.12 dividend
Summit State Bank (NASDAQ:SSBI) declares $0.12/share quarterly dividend, in line with previous. Forward yield 3.06% Payable Aug. 18; for shareholders of record Aug. 11; ex-div Aug. 10. See SSBI Dividend Scorecard, Yield Chart, & Dividend Growth.
|SSBI||US Banks||US Market|
Return vs Industry: SSBI exceeded the US Banks industry which returned -14.7% over the past year.
Return vs Market: SSBI exceeded the US Market which returned -13% over the past year.
|SSBI Average Weekly Movement||2.5%|
|Banks Industry Average Movement||3.7%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.2%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: SSBI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SSBI's weekly volatility (2%) has been stable over the past year.
About the Company
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
|SSBI fundamental statistics|
Is SSBI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SSBI income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.38|
|Net Profit Margin||35.79%|
How did SSBI perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Does SSBI pay a reliable dividends?See SSBI dividend history and benchmarks
|Summit State Bank dividend dates|
|Ex Dividend Date||Aug 10 2022|
|Dividend Pay Date||Aug 18 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||7 days|
Does SSBI pay a reliable dividends?See SSBI dividend history and benchmarks
Is SSBI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SSBI?
Other financial metrics that can be useful for relative valuation.
|What is SSBI's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SSBI's PE Ratio compare to its peers?
|SSBI PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BOID Bank of Idaho Holding
FDVA Freedom Financial Holdings
UBAB United Bancorporation of Alabama
SBKO Summit Bank Group
SSBI Summit State Bank
Price-To-Earnings vs Peers: SSBI is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (10.9x).
Price to Earnings Ratio vs Industry
How does SSBI's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: SSBI is good value based on its Price-To-Earnings Ratio (6.3x) compared to the US Banks industry average (9.8x)
Price to Earnings Ratio vs Fair Ratio
What is SSBI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.3x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SSBI's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of SSBI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SSBI ($15.01) is trading below our estimate of fair value ($34.97)
Significantly Below Fair Value: SSBI is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Summit State Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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- Examine whether Summit State Bank is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
How has Summit State Bank performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSBI has high quality earnings.
Growing Profit Margin: SSBI's current net profit margins (35.8%) are higher than last year (34.9%).
Past Earnings Growth Analysis
Earnings Trend: SSBI's earnings have grown significantly by 31.3% per year over the past 5 years.
Accelerating Growth: SSBI's earnings growth over the past year (21.5%) is below its 5-year average (31.3% per year).
Earnings vs Industry: SSBI earnings growth over the past year (21.5%) exceeded the Banks industry 8.8%.
Return on Equity
High ROE: SSBI's Return on Equity (18.8%) is considered low.
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How is Summit State Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: SSBI's Assets to Equity ratio (11.6x) is moderate.
Allowance for Bad Loans: SSBI has a sufficient allowance for bad loans (2360%).
Low Risk Liabilities: 91% 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 (85%).
Low Risk Deposits: SSBI's Loans to Deposits ratio (102%) is appropriate.
Level of Bad Loans: SSBI has an appropriate level of bad loans (0.1%).
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What is Summit State Bank current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SSBI's dividend (3.2%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: SSBI's dividend (3.2%) 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
Earnings Coverage: With its low payout ratio (19.3%), 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 or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brian Reed (63 yo)
Mr. Brian J. Reed has been the President and Chief Executive Officer at Summit State Bank since April 28, 2020 and has been its Director since April 2020. He served as an Executive Vice President and Chief...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD646.72K) is about average for companies of similar size in the US market ($USD763.69K).
Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.
Experienced Management: SSBI's management team is seasoned and experienced (5.1 years average tenure).
Experienced Board: SSBI's board of directors are seasoned and experienced ( 11.2 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 employee growth, exchange listings and data sources
- Name: Summit State Bank
- Ticker: SSBI
- Exchange: NasdaqGM
- Founded: 1982
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$100.386m
- Shares outstanding: 6.69m
- Website: https://summitstatebank.com
Number of Employees
- Summit State Bank
- 500 Bicentennial Way
- Santa Rosa
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/09 00:00|
|End of Day Share Price||2022/08/09 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.