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

Summit State Bank (NASDAQ:SSBI) declared a quarterly dividend on Wednesday, September 11th, Zacks reports. Investors 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 1.91%. The ex-dividend date of this dividend is Thursday, October 3rd.

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

Summit State Bank Price Performance

Shares of SSBI opened at $8.38 on Friday. Summit State Bank has a 1-year low of $7.78 and a 1-year high of $16.52. The business’s 50-day moving average price is $9.11 and its 200 day moving average price is $9.62.

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