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

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 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Thursday, August 13th.

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

Shares of NASDAQ SSBI opened at $10.23 on Thursday. Summit State Bank has a 1 year low of $6.50 and a 1 year high of $13.21. The company’s 50-day moving average is $9.67 and its 200 day moving average is $10.12. The stock has a market capitalization of $61.96 million, a P/E ratio of 7.26 and a beta of 0.90.

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

Separately, ValuEngine raised shares of Summit State Bank from a “sell” rating to a “hold” rating in a report 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.

See Also: Accumulation/Distribution

Dividend History for Summit State Bank (NASDAQ:SSBI)

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