Summit State Bank (NASDAQ:SSBI) Stock Price Passes Above Two Hundred Day Moving Average of $15.36

Summit State Bank (NASDAQ:SSBIGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.36 and traded as high as $15.84. Summit State Bank shares last traded at $15.80, with a volume of 3,601 shares.

Summit State Bank Stock Performance

The firm has a 50 day moving average of $16.33 and a 200 day moving average of $15.36.

Summit State Bank (NASDAQ:SSBIGet Free Report) last released its earnings results on Tuesday, July 25th. The bank reported $0.45 EPS for the quarter. The business had revenue of $11.11 million for the quarter.

Summit State Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 10th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.48 annualized dividend and a yield of 3.04%. Summit State Bank’s payout ratio is currently 20.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its holdings in Summit State Bank by 11.4% in the second quarter. Osaic Holdings Inc. now owns 5,880 shares of the bank’s stock worth $89,000 after acquiring an additional 600 shares in the last quarter. BlackRock Inc. boosted its holdings in Summit State Bank by 11.7% in the second quarter. BlackRock Inc. now owns 15,094 shares of the bank’s stock worth $228,000 after acquiring an additional 1,582 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Summit State Bank by 175.6% in the second quarter. Geode Capital Management LLC now owns 45,327 shares of the bank’s stock worth $685,000 after acquiring an additional 28,879 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Summit State Bank by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,100 shares of the bank’s stock worth $984,000 after acquiring an additional 1,708 shares in the last quarter. Finally, EA Series Trust bought a new position in Summit State Bank in the second quarter worth approximately $266,000.

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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