Summit State Bank (SSBI) to Issue Quarterly Dividend of $0.12 on February 15th

Summit State Bank (NASDAQ:SSBIGet Free Report) declared a quarterly dividend on Monday, January 29th, reports. Shareholders of record on Thursday, February 8th will be given a dividend of 0.12 per share by the bank on Thursday, February 15th. This represents a $0.48 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Wednesday, February 7th.

Summit State Bank has increased its dividend by an average of 3.2% per year over the last three years.

Summit State Bank Stock Performance

Shares of Summit State Bank stock opened at $12.01 on Wednesday. The stock’s 50-day moving average is $12.44 and its 200-day moving average is $14.39. Summit State Bank has a one year low of $11.67 and a one year high of $18.67.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Summit State Bank from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th.

Read Our Latest Stock Report on SSBI

Institutional Trading of Summit State Bank

A number of institutional investors have recently made changes to their positions in SSBI. Tower Research Capital LLC TRC grew its position in Summit State Bank by 215,700.0% in the third quarter. Tower Research Capital LLC TRC now owns 2,158 shares of the bank’s stock valued at $35,000 after purchasing an additional 2,157 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Summit State Bank by 11.4% during the 2nd quarter. Osaic Holdings Inc. now owns 5,880 shares of the bank’s stock worth $89,000 after buying an additional 600 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Summit State Bank in the 1st quarter valued at about $172,000. Renaissance Technologies LLC acquired a new stake in shares of Summit State Bank in the fourth quarter valued at about $178,000. Finally, State Street Corp bought a new stake in Summit State Bank during the second quarter worth about $195,000.

Summit State Bank Company Profile

(Get Free Report)

Summit State Bank provides various banking products and services to individuals and businesses 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 retirement plan accounts.

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Dividend History for Summit State Bank (NASDAQ:SSBI)

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