TheStreet Downgrades Summit State Bank (SSBI) to C+
Summit State Bank (NASDAQ:SSBI) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Wednesday.
Summit State Bank (NASDAQ:SSBI) traded down 0.15% on Wednesday, hitting $12.90. The stock had a trading volume of 3,596 shares. The company’s 50 day moving average is $12.99 and its 200 day moving average is $14.46. The firm has a market cap of $77.72 million, a PE ratio of 17.18 and a beta of 0.46. Summit State Bank has a 12-month low of $12.51 and a 12-month high of $19.10.
Summit State Bank (NASDAQ:SSBI) last issued its quarterly earnings data on Tuesday, April 25th. The bank reported $0.15 EPS for the quarter. The company had revenue of $4.78 million for the quarter. On average, equities research analysts expect that Summit State Bank will post $0.84 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.72%. This is a positive change from Summit State Bank’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, May 16th. Summit State Bank’s payout ratio is presently 46.60%.
Summit State Bank Company Profile
Summit State Bank is a state-chartered commercial bank operating a traditional community banking business within its primary service area of Sonoma County in California. The Bank operates through approximately five offices located in Santa Rosa, Petaluma, Rohnert Park and Healdsburg. The Bank considers loans from Marin, Napa and San Francisco counties.
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