Summit State Bank (SSBI) Earning Somewhat Favorable Press Coverage, Study Finds

Media stories about Summit State Bank (NASDAQ:SSBI) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Summit State Bank earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 47.499429821153 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Summit State Bank traded down $0.49, hitting $15.60, during trading on Friday, according to Marketbeat. The company’s stock had a trading volume of 2,251 shares, compared to its average volume of 1,950. Summit State Bank has a one year low of $11.65 and a one year high of $16.10. The company has a market capitalization of $95.43 million, a PE ratio of 19.39 and a beta of 0.38.

Summit State Bank (NASDAQ:SSBI) last released its quarterly earnings results on Monday, July 23rd. The bank reported $0.24 earnings per share for the quarter. The business had revenue of $5.78 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Friday, August 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $0.48 annualized dividend and a yield of 3.08%.

Separately, ValuEngine downgraded shares of Summit State Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, June 6th.

Summit State Bank Company Profile

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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