OTCPK:SSBP

Stock Analysis Report

Executive Summary

SSB Bancorp, Inc. operates as the holding company for SSB Bank that provides various financial services to individuals and corporate customers in Pennsylvania.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has SSB Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.3%

SSBP

1.7%

US Banks

1.3%

US Market


1 Year Return

-18.3%

SSBP

0.3%

US Banks

5.9%

US Market

Return vs Industry: SSBP underperformed the US Banks industry which returned 0.3% over the past year.

Return vs Market: SSBP underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

SSBPIndustryMarket
7 Day-1.3%1.7%1.3%
30 Day-3.8%-2.4%-1.9%
90 Dayn/a1.0%-1.8%
1 Year-18.3%-18.3%3.2%0.3%8.3%5.9%
3 Yearn/a52.1%41.7%45.6%36.2%
5 Yearn/a69.8%51.4%66.1%47.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is SSB Bancorp undervalued compared to its fair value and its price relative to the market?

34.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate SSBP's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate SSBP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SSBP is poor value based on its PE Ratio (34.8x) compared to the Banks industry average (12.5x).

PE vs Market: SSBP is poor value based on its PE Ratio (34.8x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SSBP is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

28.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSBP's forecast earnings growth (28.4% per year) is above the savings rate (2.7%).

Earnings vs Market: SSBP's earnings (28.4% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if SSBP's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SSBP's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if SSBP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has SSB Bancorp performed over the past 5 years?

-31.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SSBP's earnings have declined by -31.8% per year over the past 5 years.

Accelerating Growth: SSBP's earnings growth over the past year (138%) exceeds its 5-year average (-31.8% per year).

Earnings vs Industry: SSBP earnings growth over the past year (138%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: SSBP's Return on Equity (2.3%) is considered low.


Return on Assets

ROA vs Industry: SSBP's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate SSBP's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: SSBP has a low level of unsold assets or inventory.

Debt Coverage by Assets: SSBP's debt is not covered by short term assets (assets are 0.7x debt).


Financial Institutions Analysis

Asset Level: SSBP's level of assets compared to its equity is low.

Allowance for Bad Loans: SSBP has a low allowance for bad loans.

Low Risk Liabilities: SSBP's liabilities are made up of primarily low risk sources of funding.

Loan Level: SSBP has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SSBP's loans are broadly funded by customer deposits.

Level of Bad Loans: SSBP has an appropriate level of bad loans (1.77%)


Next Steps

Dividend

What is SSB Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate SSBP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SSBP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SSBP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SSBP's dividend payments have been increasing.


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: No need to calculate the sustainability of SSBP's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of SSB Bancorp's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Dan Moon (53yo)

10.8yrs

Tenure

US$280,298

Compensation

Mr. J. Daniel Moon, IV, also known as Dan, serves as President, Chief Executive Officer and Director of SSB Bancorp, Inc. (MHC) since 2009. He has served as President and Chief Executive Officer of SSB Ban ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Dan's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.5yrs

Average Tenure

Experienced Management: SSBP's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

7.8yrs

Average Tenure

52yo

Average Age

Experienced Board: SSBP's board of directors are considered experienced (7.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Ben Contrucci (38yo)

    Chief Financial Officer

    • Tenure: 1.5yrs
    • Compensation: US$176.51k
  • Dan Moon (53yo)

    President

    • Tenure: 10.8yrs
    • Compensation: US$280.30k
  • Jennifer Harris

    • Tenure: 0yrs
  • Frances Amorose

    Corporate Secretary

    • Tenure: 0yrs
  • Jessica Merolillo

    Director of Marketing

    • Tenure: 0.9yrs

Board Members

  • Bernie Simons (54yo)

    Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: US$28.55k
  • Dan Moon (53yo)

    President

    • Tenure: 10.8yrs
    • Compensation: US$280.30k
  • Kenneth Broadbent (62yo)

    Director

    • Tenure: 8.8yrs
    • Compensation: US$21.81k
  • David Docchio (51yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: US$23.55k
  • Gretchen Generett (48yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: US$21.81k
  • Mark Joseph (49yo)

    Vice Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: US$23.55k

Company Information

SSB Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SSB Bancorp, Inc.
  • Ticker: SSBP
  • Exchange: OTCPK
  • Founded: 1922
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$17.396m
  • Shares outstanding: 2.26m
  • Website: https://www.ssbpgh.com

Number of Employees


Location

  • SSB Bancorp, Inc.
  • 8700 Perry Highway
  • Pittsburgh
  • Pennsylvania
  • 15237
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSBPOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 2018

Biography

SSB Bancorp, Inc. operates as the holding company for SSB Bank that provides various financial services to individuals and corporate customers in Pennsylvania. Its primary deposit products include passbook ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:35
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.