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How to buy Summit State Bank stock

Learn how to easily invest in Summit State Bank stock.

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.

How to buy shares in Summit State Bank

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – SSBI – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.
Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.

Summit State Bank stock price (NASDAQ: SSBI)

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

Summit State Bank shares at a glance

Information last updated 2022-09-26.
Latest market close$14.20
52-week range$14.04 - $19.40
50-day moving average $15.25
200-day moving average $15.72
Wall St. target price$7.20
PE ratio 6.3697
Dividend yield $0.458 (3.17%)
Earnings per share (TTM) $2.38

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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 $14.2 from 2022-09-28

1 week (2022-09-21) -5.96%
1 month (2022-08-29) -6.58%
3 months (2022-06-30) -6.70%
6 months (2022-03-26) N/A
1 year (2021-09-30) -28.28%
2 years (2020-09-30) 27.35%
3 years (2019-09-30) 20.44%
5 years (2017-09-29) 14.06%

Is Summit State Bank stock undervalued or overvalued?

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 6x. In other words, Summit State Bank shares trade at around 6x 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 $44.5 million
Operating margin TTM 50.44%
Gross profit TTM $41.2 million
Return on assets TTM 1.69%
Return on equity TTM 19.46%
Profit margin 35.79%
Book value $12.66
Market capitalisation $102.1 million

TTM: trailing 12 months

Summit State Bank share dividends

26%

Dividend payout ratio: 26.23% of net profits

Recently Summit State Bank has paid out, on average, around 26.23% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.17% 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 3.17% return on their shares, in the form of dividend payments. In Summit State Bank's case, that would currently equate to about $0.458 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 18 August 2022. The latest dividend was paid out to all shareholders who bought their shares by 10 August 2022 (the "ex-dividend date").

Have Summit State Bank's shares ever split?

Summit State Bank's shares were split on a 11:10 basis on 28 October 2021. So if you had owned 10 shares the day before before the split, the next day you'd have owned 11 shares. This wouldn't directly have changed the overall worth of your Summit State Bank shares – just the quantity. However, indirectly, the new 9.1% 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 $14.0369 up to $19.402. A popular way to gauge a stock's volatility is its "beta".

SSBI.US volatility(beta: 0.55)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 0.5521. 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; home equity lines of credit; and lines of credit, term, and equipment loans, as well as loans to agriculture-related businesses. 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 electronic banking, 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, Irvine, and Scottsdale, Arizona. Summit State Bank was incorporated in 1982 and is headquartered in Santa Rosa, California.

Frequently asked questions

What percentage of Summit State Bank is owned by insiders or institutions?
Currently 29.824% of Summit State Bank shares are held by insiders and 16.027% by institutions.
When does the fiscal year end for Summit State Bank?
Summit State Bank's fiscal year ends in December.
Where is Summit State Bank based?
Summit State Bank's address is: 500 Bicentennial Way, Santa Rosa, CA, United States, 95403
What is Summit State Bank's ISIN number?
Summit State Bank's international securities identification number is: US8662642037
What is Summit State Bank's CUSIP number?
Summit State Bank's Committee on Uniform Securities Identification Procedures number is: 866264203

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