Media stories about Summit State Bank (NASDAQ:SSBI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Summit State Bank earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.2553881686468 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Summit State Bank (NASDAQ:SSBI) traded down 0.22% during trading on Monday, reaching $12.90. 705 shares of the company were exchanged. Summit State Bank has a one year low of $10.48 and a one year high of $15.28. The stock has a 50-day moving average price of $13.02 and a 200-day moving average price of $14.00. The stock has a market capitalization of $77.75 million, a PE ratio of 18.59 and a beta of 0.50.
Summit State Bank (NASDAQ:SSBI) last announced its quarterly earnings results on Monday, July 24th. The bank reported $0.15 earnings per share for the quarter. The firm had revenue of $4.80 million for the quarter. Analysts forecast that Summit State Bank will post $0.84 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 17th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.48 annualized dividend and a yield of 3.71%. Summit State Bank’s payout ratio is currently 68.57%.
Separately, TheStreet downgraded shares of Summit State Bank from a “b” rating to a “c+” rating in a research note on Wednesday, May 17th.
About Summit State Bank
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.
Receive News & Ratings for Summit State Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit State Bank and related companies with MarketBeat.com's FREE daily email newsletter.
