Is Summit State Bank (California) overvalued or undervalued?

Jun 25 2025 08:44 AM IST
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As of October 1, 2023, Summit State Bank is considered attractive due to its undervaluation, with a price-to-earnings ratio of 12.5, a price-to-book ratio of 1.1, and a return on equity of 10.2%, making it cheaper than peers like First Community Bank and Heritage Commerce Corp.
As of 1 October 2023, Summit State Bank has moved from fair to attractive based on the latest analysis. The bank is currently undervalued, suggesting a potential for price appreciation. Key ratios include a price-to-earnings ratio of 12.5, a price-to-book ratio of 1.1, and a return on equity of 10.2%.

In comparison to its peers, First Community Bank has a price-to-earnings ratio of 14.0, while Heritage Commerce Corp stands at 13.5, indicating that Summit State Bank is trading at a discount relative to these competitors. Additionally, the bank's recent stock performance has outpaced the Sensex, reinforcing the attractiveness of its current valuation.
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