How to buy Summit State Bank shares

Summit State Bank shares have increased 6.57% from their previous closing price ($10.5). Learn how to easily invest in Summit State Bank shares in the UK.

Summit State Bank (SSBI) is a publicly traded banking business based in the US which employs around 100 staff. Summit State Bank is listed on the NASDAQ and traded in US dollars. Its current price of $11.19 is 5.2% down on its price a month ago ($11.81).

How to buy shares in Summit State Bank

  1. Choose a platform. If you're a beginner, our share trading platform picks below can help you choose.
  2. Open your account. Provide your personal information and sign up.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: SSBI in this case.
  5. Research shares. The platform should provide the latest information available.
  6. Buy your shares. Place a market order or limit order with your preferred number of shares. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

Our top picks for where to buy Summit State Bank shares

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Fees calculator for buying Summit State Bank shares with popular apps

Both exchange rates and share prices fluctuate in real time, so the costs estimated here should be considered as a guide only. They don't factor in spreads, which can be hard to pin down. Always refer to the platform itself for availability and pricing.

Quantity of shares

100
Platform Finder score Account fee Min. initial deposit Trade cost Link
eToro Free Stocks logo
4.39/5 ★★★★★
£0 $50 £888.09
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IG Share Dealing logo
4.07/5 ★★★★★
£0 £0 £898.09
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XTB logo
4.3/5 ★★★★★
£0 £0 £888.09
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CMC Invest share dealing account logo
4.38/5 ★★★★★
£0 £0 £888.09
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Hargreaves Lansdown Fund and Share Account logo
4.2/5 ★★★★★
£0 £1 £904.46
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Full comparison of share dealing platforms

These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Alternative ways to invest in Summit State Bank

Buying shares in just one company is generally considered a riskier bet than investing in a range of investments - AKA a "diversified portfolio". Experts generally recommend holding a mix of investments in specific assets and funds. Funds are ready-made portfolios of multiple companies' shares (potentially including Summit State Bank), and the idea is that drops in the value of one constituent company's share price might be offset by rises in others.

Summit State Bank is a major part of the NASDAQ, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).

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

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

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

Share price volatility

Over the last 12 months, Summit State Bank's shares have ranged in value from as little as $9.55 up to $18.158. A popular way to gauge a stock's volatility is its "beta".

SSBI.US volatility(beta: 0.6)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 0.601. This would suggest that Summit State Bank's shares are less volatile than average (for this exchange).

Historical closes compared with the last close of $11.19

1 week (2024-02-14)6.22%
1 month (2024-01-21)-5.25%
3 months (2023-11-21)-12.85%
6 months (2023-08-21)-31.56%
1 year (2023-02-16)-30.71%
2 years (2022-02-21)-31.14%
3 years (2021-02-21)-28.50%
5 years (2019-02-21)-8.65%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

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Invest in Summit State Bank shares
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  • Commission-free trading. Other fees may apply.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Is Summit State Bank under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Summit State Bank P/E ratio, PEG ratio and EBITDA

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 5x. In other words, Summit State Bank shares trade at around 5x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Frequently asked questions

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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