Summit State Bank (NASDAQ:SSBI) Posts 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 data on Tuesday. The bank reported $0.36 earnings per share for the quarter, Zacks reports. The business had revenue of $9.49 million during the quarter.

Summit State Bank Stock Performance

Shares of Summit State Bank stock traded up $0.20 during midday trading on Wednesday, hitting $12.20. 450 shares of the company traded hands, compared to its average volume of 11,337. The firm's fifty day moving average price is $10.59 and its 200-day moving average price is $9.13. The stock has a market cap of $82.72 million, a price-to-earnings ratio of -76.25 and a beta of 0.18. Summit State Bank has a 12 month low of $5.68 and a 12 month high of $12.60.

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.