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How to buy Summit State Bank stock | $12.92

Own Summit State Bank stock in just a few minutes.

Fact checked

Summit State Bank is a banks—regional business based in the US. Summit State Bank shares (SSBI) are listed on the NASDAQ and all prices are listed in US Dollars. Summit State Bank employs 93 staff and has a trailing 12-month revenue of around USD$30.4 million.

How to buy shares in Summit State Bank

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Summit State Bank. Find the stock by name or ticker symbol: SSBI. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Summit State Bank reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$12.92, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Summit State Bank, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Summit State Bank. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Summit State Bank share price

Use our graph to track the performance of SSBI stocks over time.

Summit State Bank shares at a glance

Information last updated 2020-11-30.
Latest market closeUSD$12.92
52-week rangeUSD$6.289 - USD$14.1102
50-day moving average USD$12.6788
200-day moving average USD$10.7201
Wall St. target priceUSD$7.2
PE ratio 8.5503
Dividend yield USD$0.48 (3.62%)
Earnings per share (TTM) USD$1.552

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Summit State Bank stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Summit State Bank price performance over time

Historical closes compared with the close of $12.92 from 2020-12-09

1 week (2021-01-11) N/A
1 month (2020-12-22) 6.78%
3 months (2020-10-18) N/A
6 months (2020-07-18) N/A
1 year (2020-01-18) N/A
2 years (2019-01-18) N/A
3 years (2018-01-18) N/A
5 years (2016-01-18) N/A

Is Summit State Bank under- or over-valued?

Valuing Summit State Bank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Summit State Bank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Summit State Bank's P/E ratio

Summit State Bank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Summit State Bank shares trade at around 9x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Summit State Bank financials

Revenue TTM USD$30.4 million
Operating margin TTM 43.99%
Gross profit TTM USD$24.9 million
Return on assets TTM 1.24%
Return on equity TTM 13.47%
Profit margin 30.97%
Book value $12.097
Market capitalisation USD$80.5 million

TTM: trailing 12 months

Shorting Summit State Bank shares

There are currently 1,169 Summit State Bank shares held short by investors – that's known as Summit State Bank's "short interest". This figure is 46.9% down from 2,202 last month.

There are a few different ways that this level of interest in shorting Summit State Bank shares can be evaluated.

Summit State Bank's "short interest ratio" (SIR)

Summit State Bank's "short interest ratio" (SIR) is the quantity of Summit State Bank shares currently shorted divided by the average quantity of Summit State Bank shares traded daily (recently around 2597.7777777778). Summit State Bank's SIR currently stands at 0.45. In other words for every 100,000 Summit State Bank shares traded daily on the market, roughly 450 shares are currently held short.

However Summit State Bank's short interest can also be evaluated against the total number of Summit State Bank shares, or, against the total number of tradable Summit State Bank shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Summit State Bank's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Summit State Bank shares in existence, roughly 0 shares are currently held short) or 0.0002% of the tradable shares (for every 100,000 tradable Summit State Bank shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Summit State Bank.

Find out more about how you can short Summit State Bank stock.

Summit State Bank share dividends

31%

Dividend payout ratio: 30.95% of net profits

Recently Summit State Bank has paid out, on average, around 30.95% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.62% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Summit State Bank shareholders could enjoy a 3.62% return on their shares, in the form of dividend payments. In Summit State Bank's case, that would currently equate to about $0.48 per share.

While Summit State Bank's payout ratio might seem fairly standard, it's worth remembering that Summit State Bank may be investing much of the rest of its net profits in future growth.

Summit State Bank's most recent dividend payout was on 20 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 12 November 2020 (the "ex-dividend date").

Have Summit State Bank's shares ever split?

Summit State Bank's shares were split on a 125:100 basis on 15 March 2017. So if you had owned 100 shares the day before before the split, the next day you'd have owned 125 shares. This wouldn't directly have changed the overall worth of your Summit State Bank shares – just the quantity. However, indirectly, the new 20% lower share price could have impacted the market appetite for Summit State Bank shares which in turn could have impacted Summit State Bank's share price.

Summit State Bank share price volatility

Over the last 12 months, Summit State Bank's shares have ranged in value from as little as $6.289 up to $14.1102. A popular way to gauge a stock's volatility is its "beta".

SSBI.US volatility(beta: 0.83)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Summit State Bank's is 0.8343. This would suggest that Summit State Bank's shares are less volatile than average (for this exchange).

Summit State Bank overview

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; and home equity lines of credit, as well as term loans, credit lines to individuals, equipment loans, and business lines of credit. Its loan products also comprise loans for accounts receivable and inventory financing, loans to agriculture-related businesses, and equipment and expansion financing programs. In addition, the company provides Internet and telephone banking; and other services, such as banking by appointment, online banking, direct payroll and social security deposits, letters of credit, access to national automated teller machine networks, courier, safe deposit boxes, night depository facilities, notary, travelers checks, lockbox, and banking by mail. Further, it offers cash management and electronic bill payment services. The company operates through five depository offices located in Santa Rosa, Rohnert Park, Healdsburg, and Petaluma, as well as loan production offices in Roseville, California and Scottsdale, Arizona. Summit State Bank was founded in 1982 and is headquartered in Santa Rosa, California.

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