Summit State Bank (SSBI) Earning Somewhat Critical Media Coverage, Analysis Shows
Media stories about Summit State Bank (NASDAQ:SSBI) have been trending somewhat negative recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Summit State Bank earned a news sentiment score of -0.02 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 47.9682713687555 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Summit State Bank (SSBI) remained flat at $12.75 during midday trading on Tuesday. The company’s stock had a trading volume of 2,709 shares. The firm has a market cap of $76.84 million, a P/E ratio of 18.48 and a beta of 0.53. Summit State Bank has a 52 week low of $10.48 and a 52 week high of $15.28. The stock has a 50-day moving average price of $12.57 and a 200-day moving average price of $12.81.
Summit State Bank (NASDAQ:SSBI) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.17 EPS for the quarter. The company had revenue of $4.94 million during the quarter. Equities research analysts predict that Summit State Bank will post $0.84 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 15th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.76%. Summit State Bank’s payout ratio is 71.64%.
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About Summit State Bank
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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