Positive News Coverage Somewhat Unlikely to Affect Summit State Bank (SSBI) Stock Price

Media stories about Summit State Bank (NASDAQ:SSBI) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Summit State Bank earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.0368305791444 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Summit State Bank (NASDAQ:SSBI) traded up 0.41% during mid-day trading on Tuesday, reaching $12.35. 1,669 shares of the company’s stock were exchanged. Summit State Bank has a one year low of $10.48 and a one year high of $15.28. The firm has a market capitalization of $74.43 million, a P/E ratio of 17.80 and a beta of 0.51. The stock has a 50-day moving average of $12.67 and a 200 day moving average of $12.94.

Summit State Bank (NASDAQ:SSBI) last posted its quarterly earnings data on Monday, July 24th. The bank reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $4.80 million during the quarter. On average, analysts forecast that Summit State Bank will post $0.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Thursday, August 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.89%. Summit State Bank’s dividend payout ratio (DPR) is 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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