Risk factor
Critical default risk
Profitability factor
Solid dividends
About
Serving as the parent organization for 1ST SUMMIT BANK, 1ST SUMMIT BANCORP of Johnstown, Inc. delivers a comprehensive suite of financial solutions. The bank facilitates various deposit accounts, including checking, savings, money market, and individual retirement accounts (IRAs), alongside both interest-bearing and noninterest-bearing demand and time deposits, and certificates of deposit. Its lending portfolio spans residential property, commercial real estate, general commercial, and consumer financing. Additionally, the institution provides wealth management, investment advisory, and trust administration services, issues credit and debit cards, and offers life insurance policies. With its headquarters in Johnstown, Pennsylvania, the company operates a network of 17 branch locations, extending its reach across Cambria, Somerset, Indiana, Blair, and Westmoreland counties within Pennsylvania. Founded in 1924, the corporation previously operated as SUMMIT Bancorp, Inc. until its renaming to 1ST SUMMIT BANCORP of Johnstown, Inc. in 1996.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is reasonably priced on P/E, 'expensive' o