Media stories about Summit State Bank (NASDAQ:SSBI) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Summit State Bank earned a news impact score of 0.24 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 44.8369712699722 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, ValuEngine cut Summit State Bank from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th.
Summit State Bank traded down $0.16, reaching $15.46, during midday trading on Friday, according to MarketBeat.com. 1,380 shares of the company were exchanged, compared to its average volume of 2,250. Summit State Bank has a one year low of $11.65 and a one year high of $16.05. The stock has a market cap of $92.67 million, a P/E ratio of 21.11 and a beta of 0.40.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 24th. Shareholders of record on Friday, May 18th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, May 17th.
About Summit State Bank
Summit State Bank provides various banking products services to individuals, small-to medium-sized businesses, professionals and professional associations, entrepreneurs, high net worth families, foundations, and estates 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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