Summit State Bank (SSBI) Stock Split History

Summit State Bank has split its stock 4 times since its initial public offering (IPO). The first stock split occurred on February 07, 2005 with the ratio of 1-for-2, meaning that for 2 shares of SSBI owned pre-split, shareholders then owned 1 share. 3 more splits have been implemented since then. The most recent stock split took place on October 28, 2021 on a 11-for-10 basis.

These splits have increased SSBI stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Summit State Bank's total market capitalization.

For more detailed information of Summit State Bank's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Summit State Bank has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when SSBI stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Summit State Bank's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.