Summit State Bank (NASDAQ:SSBI) Releases Quarterly Earnings Results

Key Points

• Summit State Bank (NASDAQ:SSBI) reported earnings of $0.36 per share for the quarter.
• During trading on Tuesday, SSBI stock rose $0.40 to a price of $12.20, with increased trading volume.
• The company has a market cap of $82.72 million and has seen stock price fluctuations between a 12-month low of $5.68 and a high of $12.60.

Summit State Bank (NASDAQ:SSBI - Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $0.36 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $9.49 million for the quarter.

Summit State Bank Trading Down 2.3%

Shares of Summit State Bank stock traded down $0.28 during mid-day trading on Friday, hitting $11.96. 32,575 shares of the stock were exchanged, compared to its average volume of 10,455. Summit State Bank has a twelve month low of $5.68 and a twelve month high of $12.60. The stock has a market capitalization of $81.03 million, a price-to-earnings ratio of -74.73 and a beta of 0.16. The company has a 50-day simple moving average of $10.68 and a 200 day simple moving average of $9.19.

Summit State Bank Company Profile

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.