Yahoo! FinanceHome - Yahoo! - Help

Market Guide

[ Stock Screener | Company & Fund Index | Financial Glossary ]

Profile - Summit Bancshares, Inc. (NasdaqNM:SBIT)
As of 31-Aug-2001
Enter symbol:
symbol lookup

 
More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials | Reports
Recent Events
Aug 15Dividend payment of $0.11
Location
1300 Summit Avenue
Fort Worth, TX 76102
Phone: (817) 336-6817
Fax: (817) 877-2672
Email: info@summitbank.net
Employees (last reported count): 167
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Website
 ·Home Page

 ·Search Yahoo! for related links...

Ownership
·Insider and 5%+ Owners: 16%
·Over the last 6 months:
 · one insider buy; 0  shares
 · one insider sell; 5,000  shares
  (0.5% of insider shares)
·Institutional: 28% (33% of float)
(42 institutions)
·Net Inst. Buying: 284.0K shares (+13.96%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Summit Bancshares, Inc. is a bank holding company that owns all of the issued and outstanding shares of capital stock of two national banking associations, Summit National Bank and Summit Community Bank, N.A. (the Subsidiary Banks) and a non-bank subsidiary, Summit Bancservices, Inc. The Company provides advice and services to the Subsidiary Banks and coordinates their activities in the areas of financial accounting controls and reports, internal audit programs, regulatory compliance, financial planning and employee benefit programs. The services offered by the Subsidiary Banks are generally those offered by commercial banks of comparable size in their respective areas. The Subsidiary Banks provide general commercial banking services for corporate and other business clients principally located in Tarrant County, Texas.
More from Market Guide: Expanded Business Description

Financial Summary
SBIT is a bank holding company, for Summit National Bank, Summit Community Bank, and Summit Bancservices. For the six months ended 6/30/01, total interest income rose 4% to $23.6 million. Net interest income after loan loss provision rose 12% to $14 million. Net income rose 18% to $4.5 million. Net interest income reflects loan growth, and decreased loan loss provisions. Earnings also reflect increased service charges and fees.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Philip Norwood, 51
Chairman, Pres, CEO
$271K$690K
Bob Scott, 63
Exec. VP, COO, Sec. and Treasurer
156K22K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:SBITAs of 31-Aug-2001
Price and Volume
52-Week Low
on 1-Sep-2000
$14.813
Recent Price$20.10 
52-Week High
on 16-Jan-2001
$22.50 
Beta0.48 
Daily Volume (3-month avg)4,727 
Daily Volume (10-day avg)6,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+34.0%
52-Week Change
relative to S&P500
+79.8%
Share-Related Items
Market Capitalization$127.1M
Shares Outstanding6.32M
Float5.30M
Dividends & Splits
Annual Dividend (indicated)$0.44 
Dividend Yield2.19%
Last Split: 2 for 1 on 10-Dec-1997
Per-Share Data
Book Value (mrq)$9.27 
Earnings (ttm)$1.49 
Earnings (mrq)$0.37 
Sales (ttm)$7.46 
Cash (mrq)$4.60 
Valuation Ratios
Price/Book (mrq)2.17 
Price/Earnings (ttm)13.53 
Price/Sales (ttm)2.69 
Income Statements
Sales (ttm)$48.5M
EBITDAN/A 
Income available to common (ttm)$9.67M
Profitability
Profit Margin (ttm)19.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.56%
Return on Equity (ttm)17.63%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$29.1M
Short Interest
As of 8-Aug-2001
Shares Short3,000 
Percent of Float0.1%
Shares Short
(Prior Month)
3,000 
Short Ratio0.60 
Daily Volume5,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

Market Guide offers more in-depth Company Research, Stock Screening, and Hottest Stocks and Industries on over 10,000 U.S. Equities.


Copyright © 2001 Yahoo! Inc. All Rights Reserved. Privacy Policy - Terms of Service
Company information Copyright Market Guide. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither Yahoo nor any of its data or content providers (such as Market Guide, CSI, etc.) shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.