Summit State Bank (NASDAQ:SSBI - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.78 and traded as high as $8.08. Summit State Bank shares last traded at $7.92, with a volume of 1,526 shares traded.
Summit State Bank Price Performance
The company has a 50 day moving average of $8.70 and a 200-day moving average of $7.82. The company has a market cap of $62.25 million, a P/E ratio of -17.01 and a beta of 0.31.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $8.72 million for the quarter.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC bought a new stake in Summit State Bank during the fourth quarter worth about $89,000. Northern Trust Corp lifted its position in Summit State Bank by 46.7% in the 4th quarter. Northern Trust Corp now owns 16,662 shares of the bank's stock worth $127,000 after buying an additional 5,306 shares during the last quarter. Geode Capital Management LLC boosted its stake in Summit State Bank by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 53,004 shares of the bank's stock worth $405,000 after buying an additional 3,245 shares in the last quarter. Salzhauer Michael boosted its stake in Summit State Bank by 30.1% in the fourth quarter. Salzhauer Michael now owns 102,046 shares of the bank's stock worth $781,000 after buying an additional 23,594 shares in the last quarter. Finally, M3F Inc. bought a new position in Summit State Bank during the fourth quarter valued at approximately $2,295,000.
About Summit State Bank
(
Get 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.
Further Reading
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