Banc Funds Co. LLC Has $3.63 Million Holdings in Summit State Bank (NASDAQ:SSBI)

Banc Funds Co. LLC decreased its stake in shares of Summit State Bank (NASDAQ:SSBI) by 2.3% during the third quarter, HoldingsChannel.com reports. The fund owned 429,395 shares of the bank’s stock after selling 10,000 shares during the period. Banc Funds Co. LLC’s holdings in Summit State Bank were worth $3,628,000 as of its most recent SEC filing.

Separately, Creative Planning bought a new stake in Summit State Bank during the third quarter worth approximately $116,000.

Summit State Bank Trading Down 1.0 %

Shares of SSBI stock opened at $7.59 on Monday. Summit State Bank has a 12 month low of $5.68 and a 12 month high of $13.49. The business’s 50 day moving average is $7.40 and its two-hundred day moving average is $8.50.

Summit State Bank Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, October 3rd were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 2.11%. Summit State Bank’s payout ratio is presently 22.22%.

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.