Summit State Bank (NASDAQ:SSBI) to Issue $0.12 Quarterly Dividend

Summit State Bank (NASDAQ:SSBI) declared a quarterly dividend on Wednesday, July 29th, Wall Street Journal reports. Shareholders of record on Friday, August 14th will be given a dividend of 0.12 per share by the bank on Friday, August 21st. This represents a $0.48 annualized dividend and a yield of 4.69%. The ex-dividend date is Thursday, August 13th.

Summit State Bank has increased its dividend payment by an average of 25.0% per year over the last three years.

SSBI stock opened at $10.23 on Thursday. The business’s 50-day moving average price is $9.67 and its two-hundred day moving average price is $10.12. The firm has a market cap of $61.96 million, a PE ratio of 7.26 and a beta of 0.90. Summit State Bank has a 1-year low of $6.50 and a 1-year high of $13.21.

Summit State Bank (NASDAQ:SSBI) last posted its earnings results on Tuesday, July 28th. The bank reported $0.37 earnings per share for the quarter. The business had revenue of $7.87 million for the quarter.

Separately, ValuEngine raised Summit State Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, July 8th.

Summit State Bank Company Profile

Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, and Keogh and individual retirement accounts.

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Dividend History for Summit State Bank (NASDAQ:SSBI)

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