Summit State Bank (SSBI) Downgraded by TheStreet to C+

TheStreet cut shares of Summit State Bank (NASDAQ:SSBI) from a b rating to a c+ rating in a report issued on Wednesday morning.

Shares of Summit State Bank (NASDAQ:SSBI) traded down 0.15% on Wednesday, hitting $12.90. The stock had a trading volume of 3,596 shares. Summit State Bank has a 12 month low of $12.51 and a 12 month high of $19.10. The company has a market cap of $77.72 million, a P/E ratio of 17.18 and a beta of 0.46. The company’s 50 day moving average price is $12.99 and its 200-day moving average price is $14.46.

Summit State Bank (NASDAQ:SSBI) last announced its earnings results on Tuesday, April 25th. The bank reported $0.15 earnings per share for the quarter. The business had revenue of $4.78 million for the quarter. On average, analysts expect that Summit State Bank will post $0.84 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Thursday, May 18th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.72%. This is an increase from Summit State Bank’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, May 16th. Summit State Bank’s payout ratio is 46.60%.

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.

5 Day Chart for NASDAQ:SSBI

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