Summit State Bank Stock Today

SSBI Stock  USD 10.80  0.22  2.00%   

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Odds Of Distress

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Summit State is trading at 10.80 as of the 28th of March 2024. This is a -2 percent decrease since the beginning of the trading day. The stock's open price was 11.02. Summit State has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Summit State Bank are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Banks
IPO Date
14th of July 2006
Category
Financial Services
Classification
Financials
Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. Summit State Bank was incorporated in 1982 and is headquartered in Santa Rosa, California. Summit State operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. The company has 6.78 M outstanding shares of which 13.28 K shares are at this time shorted by private and institutional investors with about 1.62 trading days to cover. More on Summit State Bank

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Summit Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Summit State's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Summit State or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOThomas Duryea
Thematic IdeaBanks - Regional (View all Themes)
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Financial Strength
Based on the measurements of operating efficiency obtained from Summit State's historical financial statements, Summit State Bank may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Summit State Bank is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00730.0096
Way Down
Slightly volatile
Asset Turnover0.06120.0583
Sufficiently Up
Slightly volatile
Total Current Liabilities469 M446.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total607.1 M578.2 M
Sufficiently Up
Slightly volatile
Total Assets575.8 M1.1 B
Way Down
Slightly volatile
Total Current Assets54.9 M57.8 M
Notably Down
Slightly volatile
Total Cash From Operating Activities8.3 MM
Significantly Up
Slightly volatile
Summit State's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Summit State's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Summit State's financial leverage. It provides some insight into what part of Summit State's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Summit State's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Summit State deploys its capital and how much of that capital is borrowed.
Liquidity
Summit State cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 5.92 M in liabilities. Debt can assist Summit State until it has trouble settling it off, either with new capital or with free cash flow. So, Summit State's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Summit State Bank sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Summit to invest in growth at high rates of return. When we think about Summit State's use of debt, we should always consider it together with cash and equity.

Other Cashflows From Financing Activities

182.4 Million
Summit State Bank (SSBI) is traded on NASDAQ Exchange in USA and employs 112 people. Summit State is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 74.76 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Summit State's market, we take the total number of its shares issued and multiply it by Summit State's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Summit State Bank conducts business under Banks sector and is part of Financials industry. The entity has 6.78 M outstanding shares of which 13.28 K shares are at this time shorted by private and institutional investors with about 1.62 trading days to cover. Summit State Bank currently holds about 42.82 M in cash with 6.04 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.35.
Check Summit State Probability Of Bankruptcy
Ownership Allocation
Summit State maintains a total of 6.78 Million outstanding shares. Summit State Bank maintains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Summit Ownership Details

Summit Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Summit State jumping above the current price in 90 days from now is about 73.28%. The Summit State Bank probability density function shows the probability of Summit State stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Summit State Bank has a beta of -1.4017. This usually implies as returns on its benchmark rise, returns on holding Summit State Bank are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Summit State is expected to outperform its benchmark. Additionally, summit State Bank has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 10.8HorizonTargetOdds Above 10.8
26.55%90 days
 10.80 
73.28%
Based on a normal probability distribution, the odds of Summit State to move above the current price in 90 days from now is about 73.28 (This Summit State Bank probability density function shows the probability of Summit Stock to fall within a particular range of prices over 90 days) .

Summit Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Summit State that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Summit State's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Summit State's value.
InstituionRecorded OnShares
Blackrock Inc2023-12-31
13.3 K
Northern Trust Corp2023-12-31
12.6 K
Advisor Group Holdings, Inc.2023-12-31
5.9 K
Morgan Stanley - Brokerage Accounts2023-12-31
5.8 K
Tower Research Capital Llc2023-12-31
1.5 K
Ubs Group Ag2023-12-31
645
Ajovista Llc2023-12-31
585
Wells Fargo & Co2023-12-31
37.0
Capital Advisors, Ltd. Llc2023-09-30
9.0
Banc Funds Co Llc2023-12-31
439.4 K
Vanguard Group Inc2023-12-31
277.9 K
View Summit State Diagnostics

Summit State Historical Income Statement

Summit State Bank Income Statement is one of the three primary financial statements used for reporting Summit's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Summit State Bank revenue and expense. Summit State Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Summit State's Operating Income is increasing as compared to previous years. The Summit State's current EBIT is estimated to increase to about 36.7 M, while Depreciation And Amortization is projected to decrease to under 334.3 K. View More Fundamentals

Summit Stock Against Markets

Picking the right benchmark for Summit State stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Summit State stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Summit State is critical whether you are bullish or bearish towards Summit State Bank at a given time. Please also check how Summit State's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Summit State without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Summit State Corporate Directors

Summit State corporate directors refer to members of a Summit State board of directors. The board of directors generally takes responsibility for the Summit State's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Summit State's board members must vote for the resolution. The Summit State board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Summit Stock?

Before investing in Summit State, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Summit State. To buy Summit State stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Summit State. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Summit State stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Summit State Bank stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Summit State Bank stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Summit State Bank, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Summit Stock please use our How to Invest in Summit State guide.

Already Invested in Summit State Bank?

The danger of trading Summit State Bank is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Summit State is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Summit State. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Summit State Bank is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Summit State Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit State's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit State Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit State Bank Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit State Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Summit State Bank information on this page should be used as a complementary analysis to other Summit State's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Summit Stock analysis

When running Summit State's price analysis, check to measure Summit State's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit State is operating at the current time. Most of Summit State's value examination focuses on studying past and present price action to predict the probability of Summit State's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit State's price. Additionally, you may evaluate how the addition of Summit State to your portfolios can decrease your overall portfolio volatility.
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Is Summit State's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit State. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.54)
Dividend Share
0.48
Earnings Share
2.01
Revenue Per Share
6.703
Quarterly Revenue Growth
(0.16)
The market value of Summit State Bank is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit State's value that differs from its market value or its book value, called intrinsic value, which is Summit State's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit State's market value can be influenced by many factors that don't directly affect Summit State's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit State's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.