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

News headlines about Summit State Bank (NASDAQ:SSBI) have been trending somewhat negative recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Summit State Bank earned a news sentiment score of 0.00 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.5705064828388 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Summit State Bank (NASDAQ SSBI) traded down $0.15 on Tuesday, reaching $12.80. 1,100 shares of the company traded hands, compared to its average volume of 6,787. Summit State Bank has a fifty-two week low of $11.12 and a fifty-two week high of $15.28. The firm has a market capitalization of $76.81, a PE ratio of 19.33 and a beta of 0.62.

Summit State Bank (NASDAQ:SSBI) last announced its earnings results on Tuesday, October 24th. The bank reported $0.17 EPS for the quarter. The business had revenue of $4.94 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Tuesday, November 14th. Summit State Bank’s payout ratio is 71.64%.

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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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