M3F Inc. purchased a new stake in Summit State Bank (NASDAQ:SSBI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 300,000 shares of the bank's stock, valued at approximately $2,295,000. Summit State Bank comprises 0.7% of M3F Inc.'s investment portfolio, making the stock its 24th biggest position. M3F Inc. owned approximately 4.42% of Summit State Bank at the end of the most recent quarter.
Separately, Geode Capital Management LLC lifted its stake in Summit State Bank by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 53,004 shares of the bank's stock valued at $405,000 after buying an additional 3,245 shares in the last quarter.
Summit State Bank Price Performance
Summit State Bank stock traded up $0.15 during mid-day trading on Friday, hitting $8.00. 4,790 shares of the company were exchanged, compared to its average volume of 14,957. Summit State Bank has a 12-month low of $5.68 and a 12-month high of $10.93. The company has a market capitalization of $54.22 million, a P/E ratio of -14.81 and a beta of 0.31. The business's 50 day simple moving average is $8.54 and its two-hundred day simple moving average is $7.76.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported ($0.37) EPS for the quarter.
Summit State Bank Company Profile
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Free Report)
Summit State Bank engages in providing an array of financial services to small and medium-sized businesses, their owners and employees, entrepreneurs, high net worth families, foundations, estates, and individual consumers. It specializes in business services, personal accounts, nonprofit programs, and mobile banking ranging from lending, checking, merchant, eBanking, automated teller machines, equity loans, and others.
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