Creative Planning Makes New $116,000 Investment in Summit State Bank (NASDAQ:SSBI)

Creative Planning acquired a new stake in Summit State Bank (NASDAQ:SSBI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,750 shares of the bank’s stock, valued at approximately $116,000.

Separately, Salzhauer Michael lifted its position in shares of Summit State Bank by 26.5% in the 2nd quarter. Salzhauer Michael now owns 58,452 shares of the bank’s stock worth $552,000 after acquiring an additional 12,255 shares during the period.

Summit State Bank Stock Performance

SSBI opened at $6.33 on Wednesday. Summit State Bank has a 1 year low of $5.68 and a 1 year high of $13.55. The stock’s 50 day simple moving average is $7.74 and its 200-day simple moving average is $8.73.

Summit State Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, October 3rd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, October 3rd. Summit State Bank’s dividend payout ratio (DPR) 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.