Added to YB: 2025-04-10
Pitch date: 2025-02-20
SSBI [bullish]
Summit State Bank
+54%
current return
Author Info
No bio for this author
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Company Info
Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California.
Market Cap
$72.8M
Pitch Price
$7.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-51.12
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Summit State Bank - $SSBI
SSBI: Trading at 55% book value due to asset quality & earnings issues. 4 NPAs (96% of total) to resolve by Q1 2025. NIM recovering from 2023 rate hikes. Loans repricing 2025-2027. Dividend cut, insider ownership concerns. Potential M&A target. Catalysts: NPA reduction & loan repricing.
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