Summit State Bank

Company Profile

Summit State Bank had its IPO on 2006-07-14 under the ticker symbol SSBI.

The company operates in the Financial Services sector and Banks-Regional industry. Summit State Bank has a staff strength of 112 employees.

Stock update

Shares of Summit State Bank opened at $15.52 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $15.52 - $15.84, and closed at $15.8.

This is a +1.8% increase from the previous day's closing price.

A total volume of 3,601 shares were traded at the close of the day’s session.

In the last one week, shares of Summit State Bank have slipped by -0.88%.

Summit State Bank's Key Ratios

Summit State Bank has a market cap of $105.29 million, indicating a price to book ratio of 1.2469 and a price to sales ratio of 2.3523.

In the last 12-months Summit State Bank’s revenue was $46.70 million with a gross profit of $47.38 million and an EBITDA of $0. The EBITDA ratio measures Summit State Bank's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Summit State Bank’s operating margin was 47.4% while its return on assets stood at 1.46% with a return of equity of 17.46%.

In Q2, Summit State Bank’s quarterly earnings growth was a negative -33.5% while revenue growth was a negative 5%.

Summit State Bank’s PE and PEG Ratio

Forward PE

0

Trailing PE

6.6325

PEG

0

Its diluted EPS in the last 12-months stands at $2.34 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Summit State Bank’s profitability.

Summit State Bank stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.3523.

Summit State Bank stock pays annual dividends of $0.48 per share, indicating a yield of 3.06% and a payout ratio of 20.59%.

Balance sheet and cash flow metrics

Total Assets

$1.16 billion

Total Liabilities

$8.31 million

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

20.59%

Summit State Bank ended 2024 with $1.16 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.16 billion while shareholder equity stood at $94.44 million.

Summit State Bank ended 2024 with $0 in deferred long-term liabilities, $8.31 million in other current liabilities, 37301000.00 in common stock, $66.84 million in retained earnings and $4.12 million in goodwill. Its cash balance stood at $112.41 million and cash and short-term investments were $196.01 million. The company’s total short-term debt was $0 while long-term debt stood at $5.91 million.

Summit State Bank’s total current assets stands at $221.52 million while long-term investments were $83.59 million and short-term investments were $83.59 million. Its net receivables were $25.51 million compared to accounts payable of $8.31 million and inventory worth $0.

In 2024, Summit State Bank's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, Summit State Bank paid $0.21 in dividends in 2024.

Other key metrics

Current Trading Price

$15.8

52-Week High

$18.541

52-Week Low

$12.1767

Analyst Target Price

$

Summit State Bank stock is currently trading at $15.8 per share. It touched a 52-week high of $18.541 and a 52-week low of $18.541. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $16.27 and 200-day moving average was $15.38 The short ratio stood at 0.51 indicating a short percent outstanding of 0%.

Around 2220.2% of the company’s stock are held by insiders while 2008.2% are held by institutions.