SSBI
Summit State BankFinancial Services·Banks - Regional
$13.57
$91M market cap
Revenue
$28.1M
Free Cash Flow
$6.4M
Rev Growth
+0.0%
FCF Margin
22.8%
P/FCF
14.2x
EV/FCF
-3.0x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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; comme
2-Year Price History
$13.56+54.8%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 15.1 | 2.3 | 2.3 | 1.7 | 3.8 | 3.8 | -0.0 | 115.5 | 6.0 | 6.7 | 16.8% | 0.5x | -- |
| Act | 2025-Q4 | 13.0 | 1.4 | 1.4 | 1.1 | 2.7 | 2.6 | -0.0 | 65.5 | 6.0 | 6.7 | 11.0% | 0.3x | -- |
Valuation & Metrics
Market Stats
Price$13.57
Market Cap$91M
Enterprise Value$-19M
P/S Ratio3.2x
P/FCF14.2x
EV/FCF-3.0x
FCF Margin (TTM)22.8%
FCF Yield7.1%
Dividend Yield (TTM)2.9%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$28.1M
Net Income$2.7M
Free Cash Flow$6.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin12.9%
Net Margin9.8%
FCF Margin22.8%
CapEx % of Revenue0.1%
SBC % of Revenue1.3%
ROIC13.9%
WC Change % Rev11.9%
Interest Coverage0.3x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover2.2
Change (vs Prior)-0.9%
Need at least 2 settlement dates for chart
Employees
Headcount106
Revenue / Employee$265,000
Gross Profit / Employee$151,934
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
24.4%(+10.9% YoY)
16 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
6.3%(+1.6% YoY)
8 filers
Vanguard, iShares, SPDR
Market makers
0.3%(+0.3% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| ALLIANCEBERNSTEIN L.P. | $5.2M | $12.12 | +$1.5M | +$5.2M | -0.3% | $307.70B |
| M3F, Inc. | $4.7M | $8.14 | +$0 | +$706K | +1.5% | $404M |
| CALDWELL SUTTER CAPITAL, INC. | $4.6M | $12.33 | +$3K | +$454K | -1.4% | $246M |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $3.1M | $13.37 | +$3.1M | +$3.1M | — | $4.04T |
| BANC FUNDS CO LLC | $2.7M | $14.73 | +$80K | −$3.1M | -1.3% | $537M |
| MAI Capital Management | $1.2M | $10.65 | +$0 | −$13K | -0.1% | $17.61B |
| SALZHAUER MICHAEL | $970K | $9.59 | −$266K | −$314K | -1.0% | $212M |
| Daytona Street Capital LLC | $955K | $11.63 | +$0 | +$955K | -1.5% | $124M |
| DIMENSIONAL FUND ADVISORS LPPassive | $931K | $10.62 | +$0 | −$89K | -0.4% | $480.92B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $697K | $13.42 | +$0 | −$35K | +2.3% | $1.61T |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $385K | $10.31 | +$0 | +$0 | -2.3% | $4.93B |
| VANGUARD FIDUCIARY TRUST COPassive | $353K | $13.37 | +$353K | +$353K | — | $395.83B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLPMM | $275K | $14.07 | +$112K | +$275K | -0.6% | $77.14B |
| STIFEL FINANCIAL CORP | $217K | $11.91 | +$0 | +$217K | -0.3% | $108.17B |
| NORTHERN TRUST CORPPassive | $200K | $10.91 | +$24K | −$4K | -0.2% | $755.34B |
| STATE STREET CORPPassive | $187K | $13.16 | +$0 | +$0 | -0.2% | $2.89T |
| BlackRock, Inc.Passive | $186K | $8.96 | +$18K | −$8K | -0.2% | $5.69T |
| Creative Planning | $184K | $8.41 | +$0 | +$0 | -0.7% | $144.46B |
| CITADEL ADVISORS LLC | $172K | $10.99 | +$17K | −$81K | -0.4% | $138.22B |
| RENAISSANCE TECHNOLOGIES LLC | $168K | $11.90 | +$3K | +$168K | +1.2% | $63.91B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.37%
avg per quarter
Holders (ex-self)
-0.36%
excl. this stock
Buyers (this Q)
-0.75%
13 buyers · $0.01B in
Sellers (this Q)
-1.06%
1 sellers · $0.00B out
alpha coverage: 88% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-17.1%
how holders react when this stock falls
On quiet Qs
+1.3%
−10% to +10% baseline
On rallies (+10%+)
+2.5%
how they react when this stock rises
Holders' portfolio flow this Q
+2.3%
inflows — adds are organic
Sellers' portfolio flow this Q
-2.2%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.7%
Holder mid (any stock)
-1.5%
Holder rally (any stock)
-2.9%
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 73.1%
ALLIANCEBERNSTEIN L.P.--
M3F, Inc.--
CALDWELL SUTTER CAPITAL, INC.--
VANGUARD CAPITAL MANAGEMENT LLC--
BANC FUNDS CO LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
BANC FUNDS CO LLC199KALLIANCEBERNSTEIN L.P.444KM3F, Inc.354KCALDWELL SUTTER CAPITAL, INC.347KWELLINGTON MANAGEMENT GROUP LLP—BRIDGEWAY CAPITAL MANAGEMENT, LLC29KTraverso Chambers Private Wealth Management, LLC—BHZ CAPITAL MANAGEMENT, LP—MAI Capital Management91KSALZHAUER MICHAEL73K
Analyst Coverage
Analyst Coverage
Analyst Ratings
1
Hold: 1Consensus: Hold
Corporate
Order Flow (FINRA, ~3w lag)
25.0%retail-20.8pp
0.7%dark-0.4pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.