1ST SUMMIT BANCORP of Johnstown, Inc. operates as the holding company for 1ST SUMMIT BANK that provides various banking products and services.
Flawless balance sheet and fair value.
Share Price & News
How has 1ST SUMMIT BANCORP of Johnstown's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FSMK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how FSMK performed against the US Banks industry.
Return vs Market: Insufficient data to determine how FSMK performed against the US Market.
Price Volatility Vs. Market
How volatile is 1ST SUMMIT BANCORP of Johnstown's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is 1ST SUMMIT BANCORP of Johnstown undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FSMK ($124) is trading below our estimate of fair value ($166.27)
Significantly Below Fair Value: FSMK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FSMK is poor value based on its PE Ratio (12.7x) compared to the Banks industry average (12.6x).
PE vs Market: FSMK is good value based on its PE Ratio (12.7x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FSMK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FSMK is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).
How is 1ST SUMMIT BANCORP of Johnstown 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 1ST SUMMIT BANCORP of Johnstown 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.
- Examine whether 1ST SUMMIT BANCORP of Johnstown 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.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access 1ST SUMMIT BANCORP of Johnstown's filings and announcements here.
- Explore growth companies in the Banks industry.
How has 1ST SUMMIT BANCORP of Johnstown performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: FSMK has high quality earnings.
Growing Profit Margin: FSMK's current net profit margins (32%) are higher than last year (28.5%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if FSMK's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare FSMK's past year earnings growth to its 5-year average.
Earnings vs Industry: FSMK earnings growth over the past year (8.7%) underperformed the Banks industry 12.3%.
Return on Equity
High ROE: FSMK's Return on Equity (10.9%) is considered low.
Return on Assets
Return on Capital Employed
How is 1ST SUMMIT BANCORP of Johnstown's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: FSMK has a low level of unsold assets or inventory.
Debt Coverage by Assets: FSMK's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: FSMK's level of assets compared to its equity is moderate.
Allowance for Bad Loans: FSMK has a sufficient allowance for bad loans.
Low Risk Liabilities: FSMK's liabilities are made up of primarily low risk sources of funding.
Loan Level: FSMK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FSMK's loans are broadly funded by customer deposits.
Level of Bad Loans: FSMK has an appropriate level of bad loans (0.56%)
What is 1ST SUMMIT BANCORP of Johnstown's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FSMK's dividend (2.39%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: FSMK's dividend (2.39%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FSMK has been paying a dividend for less than 10 years.
Growing Dividend: FSMK's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.4%), FSMK'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?
Elmer Laslo (70yo)
• President, Enterprise Venture Capital Corporation, Johnstown, PA. • Director, Johnstown Area Heritage Association, Johnstown, PA. • Director, Cambria County Community Arts Center, Johnstown, PA. • Dir ...
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
1ST SUMMIT BANCORP of Johnstown, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: 1ST SUMMIT BANCORP of Johnstown, Inc.
- Ticker: FSMK
- Exchange: OTCPK
- Founded: 1924
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$136.138m
- Shares outstanding: 1.10m
- Website: https://www.1stsummit.com
Number of Employees
- 1ST SUMMIT BANCORP of Johnstown, Inc.
- 125 Donald Lane
- PO Box 5480
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FSMK||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||May 2007|
1ST SUMMIT BANCORP of Johnstown, Inc. operates as the holding company for 1ST SUMMIT BANK that provides various banking products and services. The company accepts various deposits, such as checking, savings, interest-bearing and noninterest-bearing demand deposit, money market, and individual retirement accounts, as well as certificates of deposit. It offers personal loans, including auto, recreational vehicle, and educational loans; home equity loans; home equity line of credit; home mortgage loans; business lines of credit; commercial mortgage; equipment loans; equipment leasing; and commercial vehicle loans. The company also offers credit, prepaid, and gift cards; wealth management and investment services comprising trust, financial advisory and planning; life insurance and long-term care insurance services; and reorder checks, safe deposit boxes, and electronic banking services. In addition, it provides securities portfolio primarily consisting of issues of the United States government agencies, including mortgage-backed securities, municipal obligations, corporate debt, and equity securities of other financial institutions. Further, the company, through its subsidiary Cambria Thrift Consumer Discount Company, offers consumer finance products and services. It serves customers through 16 offices in Cambria, Somerset, Indiana, Blair, and Westmoreland counties in Pennsylvania. The company was formerly known as SUMMIT Bancorp, Inc. and changed its name to 1ST SUMMIT BANCORP of Johnstown, Inc. in 1996. 1ST SUMMIT BANCORP of Johnstown, Inc. was founded in 1924 and is based in Johnstown, Pennsylvania.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 01:57|
|End of Day Share Price||2019/12/02 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.