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

Headlines about Summit State Bank (NASDAQ:SSBI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press 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 news impact score of 0.15 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 47.2997696885665 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Summit State Bank traded up $0.30, hitting $16.00, during midday trading on Thursday, according to MarketBeat.com. The company had a trading volume of 4,300 shares, compared to its average volume of 5,523. The firm has a market capitalization of $92.52 million, a price-to-earnings ratio of 18.80 and a beta of 0.38. Summit State Bank has a fifty-two week low of $11.65 and a fifty-two week high of $16.05.

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

The business 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 is Thursday, August 16th. This represents a $0.48 annualized dividend and a yield of 3.00%.

Separately, ValuEngine upgraded shares of Summit State Bank from a “hold” rating to a “buy” rating in a research report on Saturday, May 26th.

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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