Summit State Bank shares had a trading volume of 2,709 in the last trading session. Overall, volume was down 55.10% under the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of Summit State Bank lately if you look at the decrease in short interest. The company recorded a fall in short interest of -5.12% as of October 13, 2017 from the last reporting period. Short shares decreased from 606 to 575 over that timeframe. With short interest at 575 and short average daily volume at 8,272, the short-interest ratio is 0.0 and the short interest percentage is 0.00% as of October 13.
These funds have shifted positions in (SSBI). As of quarter end Renaissance Technologies LLC had disposed of 2,400 shares trimming its stake by 12.2%. The value of the investment in (SSBI) went from $256,000 to $224,000 decreasing 12.5% quarter over quarter. As of the end of the quarter Wedbush Securities Inc had bought a total of 625 shares growing its holdings by 1.8%. The value of the investment in Summit State Bank increased from $450,000 to $457,000 a change of 1.6% quarter to quarter.
Blackrock Inc. divested its ownership by selling 13 shares a decrease of 1.5% from 03/31/2017 to 06/30/2017. Blackrock Inc. now controls 855 shares with a value of $11,000. The total value of its holdings decreased 0.0%. As of the end of the quarter Context Bh Capital Management, Lp had bought 47,509 shares growing its position 58.6%. The value of the total investment in Summit State Bank went from $1,058,000 to $1,671,000 a change of $613,000 for the reporting period.
In the market the company is trading unchanged from yesterday’s close of $12.75. Summit State Bank also announced a dividend for shareholders payable on Wednesday November 22nd, 2017. The dividend will be $0.120 per share for the quarter or $0.48 annualized. This dividend represents a yield of $3.79. The ex-dividend date is Tuesday August 15th, 2017.
Company shares are trading at $12.75 which is slightly above the 50 day moving average of $12.57 and a tad under the 200 day moving average of $12.81. The 50 day moving average was up $0.18 and the 200 day average went down $-0.06 or -0.43%.
Summit State Bank currently has a P/E ratio of 18.48 and market cap is 76.84M.
Summit State Bank, launched 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 products and services for both commercial and consumer customers, including electronic banking, cash management services and electronic bill payment. ALTO Service Corporation is the Bank’s subsidiary..