Summit State Bank Announces Quarterly Dividend of $0.12 (SSBI)
Summit State Bank (NASDAQ:SSBI) announced a quarterly dividend on Tuesday, July 25th, Wall Street Journal reports. Shareholders of record on Thursday, August 17th will be paid a dividend of 0.12 per share by the bank on Friday, August 25th. This represents a $0.48 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, August 15th.
Shares of Summit State Bank (NASDAQ:SSBI) traded up 0.39% during mid-day trading on Tuesday, hitting $12.95. The company’s stock had a trading volume of 3,701 shares. Summit State Bank has a 52-week low of $10.48 and a 52-week high of $15.28. The company has a market cap of $78.02 million, a price-to-earnings ratio of 17.24 and a beta of 0.51. The stock’s 50 day moving average price is $13.01 and its 200 day moving average price is $14.10.
Summit State Bank (NASDAQ:SSBI) last announced its earnings results on Monday, July 24th. The bank reported $0.15 EPS for the quarter. The company had revenue of $4.80 million during the quarter. Equities analysts forecast that Summit State Bank will post $0.84 EPS for the current year.
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Separately, TheStreet cut Summit State Bank from a “b” rating to a “c+” rating in a report on Wednesday, May 17th.
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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