Summit State Bank (NASDAQ:SSBI) Announces $0.04 Quarterly Dividend

Summit State Bank (NASDAQ:SSBI) declared a quarterly dividend on Wednesday, September 11th, Zacks reports. Stockholders of record on Thursday, October 3rd will be given a dividend of 0.04 per share by the bank on Thursday, October 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, October 3rd.

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

Summit State Bank Price Performance

NASDAQ:SSBI opened at $8.20 on Wednesday. The firm has a fifty day simple moving average of $8.78 and a 200 day simple moving average of $9.37. Summit State Bank has a 1-year low of $7.78 and a 1-year high of $16.00.

Summit State Bank (NASDAQ:SSBI) last posted its earnings results on Wednesday, July 31st. The bank reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $7.90 million for the quarter.

Summit State Bank Company Profile

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.