Summit State Bank (SSBI) Getting Somewhat Positive Media Coverage, Report Finds
Media coverage about Summit State Bank (NASDAQ:SSBI) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Summit State Bank earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.8422069076699 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, TheStreet cut Summit State Bank from a “b” rating to a “c+” rating in a research report on Wednesday, May 17th.
Summit State Bank (SSBI) remained flat at $12.65 during mid-day trading on Friday. 520 shares of the company were exchanged. Summit State Bank has a 12-month low of $10.48 and a 12-month high of $15.28. The firm has a market capitalization of $75.03 million, a PE ratio of 18.23 and a beta of 0.50. The stock’s 50-day moving average price is $12.92 and its 200 day moving average price is $13.06.
Summit State Bank (NASDAQ:SSBI) last announced its earnings results on Monday, July 24th. The bank reported $0.15 EPS for the quarter. The business had revenue of $4.80 million during the quarter. Equities analysts anticipate that Summit State Bank will post $0.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Tuesday, August 15th. Summit State Bank’s payout ratio is currently 68.57%.
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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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