Tagger: Are you asking about "shear tear out" strength of the plate (bolt is loaded in transverse shear and bolt shank tears out toward edge of plate)? Or are you asking about bolt head "pull through" (bolt is loaded in tension and bolt head pulls through plate in bolt axial direction)? The former of these checks uses only plate shear strength (either Ssy or Ssu).
Bearing stress, on the other hand, for bolt loaded in transverse shear toward plate edge, is a different calculation, and it's compared only to the plate bearing strength Sbry or Sbru. Though this stress state is a combination of stresses, published bolt hole bearing strength values are empirical and convert this complex stress state to an equivalent bearing strength uniformly distributed over the projected bolt area, D*t. If a published bearing strength value is unavailable, for ductile metals it can generally be approximated as 1.5 times Sty or Stu, for edge distance to bolt hole diameter ratio e/Dh = 2.0.
For ductile metals, shear yield strength Ssy can be taken as 0.577 Sty. And shear ultimate strength Ssu = 0.62 Stu sounds plausible in the absence of a published Ssu value. You then divide the material strength value by the factor of safety (FS) required for your project (or built into your code) to obtain the shear allowable stress for your plate, or, instead, multiply your applied stress by FS, then compare this factored stress to Ssy or Ssu.
As far as the tensile ultimate strength Stu of, say, steel AISI 4140, I think the strength can vary widely depending on the condition and temper, and can be as low as 620 MPa. And AISI 1045 could perhaps be as low as, say, 560 MPa, depending on the condition. But I defer to Materials or Metallurgical experts for typical strength values of specific steel alloys, as they are more knowledgeable of the forms and tempers most commonly available.