Summit State Bank (NASDAQ:SSBI) Stock Crosses Above 200-Day Moving Average of $15.36

Summit State Bank (NASDAQ:SSBI – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.36 and traded as high as $16.75. Summit State Bank shares last traded at $16.75, with a volume of 396 shares trading hands.

Summit State Bank Stock Down 1.0 %

The company has a fifty day simple moving average of $16.14 and a 200-day simple moving average of $15.36.

Get Summit State Bank alerts:

Summit State Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 10th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, August 9th. Summit State Bank’s dividend payout ratio is currently 20.51%.

Institutional Investors Weigh In On Summit State Bank

A number of hedge funds have recently bought and sold shares of SSBI. Bank of New York Mellon Corp acquired a new stake in Summit State Bank in the 1st quarter valued at about $247,000. Wellington Management Group LLP acquired a new stake in Summit State Bank in the 1st quarter valued at about $3,275,000. State Street Corp acquired a new stake in Summit State Bank in the 2nd quarter valued at about $195,000. Salzhauer Michael raised its position in shares of Summit State Bank by 18.9% during the 4th quarter. Salzhauer Michael now owns 41,797 shares of the bank’s stock worth $660,000 after acquiring an additional 6,635 shares in the last quarter. Finally, Banc Funds Co. LLC raised its position in shares of Summit State Bank by 106.6% during the 4th quarter. Banc Funds Co. LLC now owns 427,371 shares of the bank’s stock worth $6,752,000 after acquiring an additional 220,521 shares in the last quarter.

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.

Read More

• Five stocks we like better than Summit State Bank
• How to Invest in Social Media
• 3 Sizzling Dividends That Are Going On Sale
• Insider Buying Explained: What Investors Need to Know
• 3 Ways To Trade, Trade Desk Stock Post Earnings
• How to Invest in Small Cap Stocks 
• Inflation, The Fed, and Oil Prices: Interest Rates Are Going Up

Receive News & Ratings for Summit State Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit State Bank and related companies with MarketBeat.com's FREE daily email newsletter.