Shares of Summit State Bank (NASDAQ:SSBI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.72 and traded as high as $11.72. Summit State Bank shares last traded at $11.63, with a volume of 22,405 shares changing hands.
Summit State Bank Stock Up 4.9%
The firm has a 50 day moving average price of $9.96 and a 200 day moving average price of $8.72. The stock has a market cap of $78.85 million, a P/E ratio of -30.61 and a beta of 0.18.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last issued its 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.
Hedge Funds Weigh In On Summit State Bank
A number of large investors have recently bought and sold shares of the business. Two Sigma Securities LLC bought a new stake in Summit State Bank during the 4th quarter valued at $89,000. Northern Trust Corp raised its position in shares of 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 acquiring an additional 5,306 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Summit State Bank by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 53,004 shares of the bank's stock worth $405,000 after acquiring an additional 3,245 shares in the last quarter. Salzhauer Michael raised its position in shares of Summit State Bank by 30.1% in the 4th quarter. Salzhauer Michael now owns 102,046 shares of the bank's stock worth $781,000 after acquiring an additional 23,594 shares in the last quarter. Finally, M3F Inc. bought a new position in shares of Summit State Bank in the 4th quarter worth $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.
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