Summit State Bank is commercial bank operating a community banking business within its primary service area of Sonoma County in California. Co.'s lending activities are focused on commercial real estate, construction, and business loans to its targeted clientele. Through its branches and the use of technology, Co. provides various deposit products and services, including electronic banking, cash management services and electronic bill payment. Co. provides a set of loan products, such as commercial loans and leases, lines of credit, commercial real estate loans, Small Business Administration loans, residential mortgage loans to employees, home equity lines of credit and construction loans. We show 5 historical shares outstanding datapoints in our SSBI shares outstanding history coverage, used to compute SSBI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SSBI market cap history over the course of time is important for investors
interested in comparing SSBI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SSBI versus a peer is one thing; comparing
SSBI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SSBI can fluctuate over the course of history.
With this page we aim to empower investors researching SSBI by allowing them to research the SSBI market cap history. |
Free SSBI Email Alerts:
Video: The Importance of Market Cap
