Summit State Bank (NASDAQ:SSBI) Plans Quarterly Dividend of $0.12

Summit State Bank (NASDAQ:SSBI) declared a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Shareholders of record on Thursday, May 16th will be paid a dividend of 0.12 per share by the bank on Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Wednesday, May 15th.

Summit State Bank has increased its dividend by an average of 3.2% per year over the last three years.

Summit State Bank Price Performance

Shares of SSBI stock traded down $0.92 during trading hours on Wednesday, reaching $9.05. The stock had a trading volume of 12,306 shares, compared to its average volume of 3,859. The stock’s fifty day simple moving average is $10.55 and its 200 day simple moving average is $11.76. Summit State Bank has a 12 month low of $8.91 and a 12 month high of $18.67.

Summit State Bank (NASDAQ:SSBI) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.28 EPS for the quarter. The firm had revenue of $8.13 million during the quarter.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Summit State Bank from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th.

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 retirement plan accounts.