Summit State Bank (NASDAQ:SSBI - Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,100 shares, adropof35.8% from the July 15th total of 17,300 shares. Approximately0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,800 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 13,800 shares, the short-interest ratio is currently 0.8 days. Approximately0.2% of the shares of the stock are short sold.
Institutional Investors Weigh In On Summit State Bank
Large investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC bought a new stake in Summit State Bank during the fourth quarter valued at $89,000. Northern Trust Corp boosted its stake in Summit State Bank by 46.7% during the fourth quarter. Northern Trust Corp now owns 16,662 shares of the bank's stock valued at $127,000 after buying an additional 5,306 shares during the period. Geode Capital Management LLC lifted its stake in Summit State Bank by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 53,004 shares of the bank's stock worth $405,000 after purchasing an additional 3,245 shares during the last quarter. Finally, M3F Inc. lifted its stake in Summit State Bank by 0.5% during the first quarter. M3F Inc. now owns 301,433 shares of the bank's stock worth $2,782,000 after purchasing an additional 1,433 shares during the last quarter.
Summit State Bank Stock Down 1.2%
NASDAQ:SSBI traded down $0.14 during trading hours on Friday, hitting $11.52. 1,445 shares of the company's stock traded hands, compared to its average volume of 11,044. The firm has a market cap of $78.07 million, a P/E ratio of -72.00 and a beta of 0.16. Summit State Bank has a 52 week low of $5.68 and a 52 week high of $12.60. The business's fifty day simple moving average is $11.27 and its two-hundred day simple moving average is $9.67.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The bank reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $9.49 million for the quarter.
About Summit State Bank
(
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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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