Dividend Flows Change: Forecasted dividends of $0.12 are lurking just around the corner for Summit State Bank (NASDAQ:SSBI) shareholder?

Dividend Flows Change: Forecasted dividends of $0.12 are lurking just around the corner for Summit State Bank (NASDAQ:SSBI) shareholder?

Summit State Bank (NASDAQ:SSBI) is expected to pay $0.12 on Nov 23, 2016. The indicated annual dividend is $0.48. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Summit State Bank’s current price of $13.43, the dividend is 0.89%. This dividend’s record date is Nov 16, 2016 and the announcement date is Oct 25, 2016. The stock decreased 0.19% or $0.02 on November 11, hitting $13.43. About 8,255 shares traded hands or 48.66% up from the average. Summit State Bank (NASDAQ:SSBI) has risen 0.98% since April 12, 2016 and is uptrending. It has underperformed by 4.01% the S&P500.

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 company has a market cap of $64.63 million. The Bank operates through approximately five offices located in Santa Rosa, Petaluma, Rohnert Park and Healdsburg. It currently has negative earnings. The Bank considers loans from Marin, Napa and San Francisco counties.

SSBI Company Profile

Summit State Bank, incorporated on December 21, 1998, 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. The Bank provides a range of financial services to small-to medium-sized businesses and their owners and employees; professionals and professional associations; entrepreneurs; high net worth families; foundations; estates, and to individual consumers. The Bank offers a range of deposit services and products for both commercial and consumer customers, including electronic banking, cash management services and electronic bill payment. ALTO Service Corporation is the Bank’s subsidiary.

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