OTCPK:SMAL

Stock Analysis Report

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Executive Summary

Summit Bancshares, Inc. operates as the bank holding company for Summit Bank that provides banking and financial products and services to small and medium businesses, professionals, and individuals in California.


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has Summit Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SMAL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.4%

SMAL

5.3%

US Banks

1.2%

US Market


1 Year Return

-36.0%

SMAL

-17.7%

US Banks

16.8%

US Market

Return vs Industry: SMAL underperformed the US Banks industry which returned -19% over the past year.

Return vs Market: SMAL underperformed the US Market which returned 16.4% over the past year.


Shareholder returns

SMALIndustryMarket
7 Day-0.4%5.3%1.2%
30 Day1.2%6.6%4.9%
90 Day9.4%18.7%20.0%
1 Year-34.7%-36.0%-14.9%-17.7%19.3%16.8%
3 Year-5.0%-8.3%-9.6%-16.9%43.7%34.4%
5 Year72.5%62.7%15.0%1.0%75.5%56.6%

Price Volatility Vs. Market

How volatile is Summit Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Summit Bancshares undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: SMAL ($24.4) is trading above our estimate of fair value ($4.61)

Significantly Below Fair Value: SMAL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate SMAL's PE Ratio to determine if it is good value compared to the US Banks industry average.

PE vs Market: Insufficient data to calculate SMAL's PE Ratio to determine if it is good value compared to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SMAL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Insufficient data to calculate SMAL's PB Ratio to determine if it is good value.


Next Steps

Future Growth

How is Summit Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.8%

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 Bancshares 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.


Next Steps

  • Take a look at our analysis of SMAL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Summit Bancshares's filings and announcementshere.
  • Explore growth companies in the Banks industry.

Past Performance

How has Summit Bancshares performed over the past 5 years?

14.9%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Summit Bancshares has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Summit Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Summit Bancshares's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Summit Bancshares has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of SMAL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. 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.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Summit Bancshares's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

What is Summit Bancshares's current dividend yield, its reliability and sustainability?

1.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SMAL's dividend (1.39%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: SMAL's dividend (1.39%) is low compared to the top 25% of dividend payers in the US market (4.35%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SMAL has been paying a dividend for less than 10 years.

Growing Dividend: SMAL's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.6yrs

Average management tenure


CEO

Shirley Nelson (75 yo)

37.25yrs

Tenure

US$334,750

Compensation

Ms. Shirley W. Nelson has been the Chairman and Chief Executive Officer of Summit Bancshares Inc. since July 1989. Ms. Nelson serves as the Executive Chairman of Summit Bank. She served as Chief Executive ...


Leadership Team

NamePositionTenureCompensationOwnership
Shirley Nelson
Chairman & CEO37.25yrsUS$334.75kno data
Steven Nelson
President & COO8yrsUS$114.27kno data
Denise Dodini
Executive VP & Chief Credit Officer7.67yrsUS$126.11kno data
Mani Ganesamurthy
Senior VP & CFO8.58yrsno datano data
Krystle Johnson
VP, Compliance Officer & Operations Administratorno datano datano data
Marie Verza
Senior Vice President11.17yrsno datano data
Yong Bai
Senior VP & Major Relationship Managerno datano datano data

8.6yrs

Average Tenure

67yo

Average Age

Experienced Management: SMAL's management team is seasoned and experienced (8.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shirley Nelson
Chairman & CEO37.25yrsUS$334.75kno data
John Nohr
Director10.42yrsno datano data
Jerrald Goldman
Director Emeritusno datano datano data
George Hollidge
Directorno datano datano data
John Protopappas
Director20.58yrsno datano data
Jason Hill
Director8.5yrsno datano data
Robert Ellsworth
Director Emeritusno datano datano data
Robert Dillon
Director6.17yrsno datano data

10.4yrs

Average Tenure

75yo

Average Age

Experienced Board: SMAL's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Summit Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Summit Bancshares, Inc.
  • Ticker: SMAL
  • Exchange: OTCPK
  • Founded: 1982
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$29.125m
  • Shares outstanding: 1.19m
  • Website: https://www.summitbanking.com

Location

  • Summit Bancshares, Inc.
  • 2969 Broadway
  • Oakland
  • California
  • 94611
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMALOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 1994

Biography

Summit Bancshares, Inc. operates as the bank holding company for Summit Bank that provides banking and financial products and services to small and medium businesses, professionals, and individuals in Cali ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 23:55
End of Day Share Price2020/08/10 00:00
Earnings2014/12/31
Annual Earnings2014/12/31


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.