Summit State Bank (NASDAQ:SSBI) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Summit State Bank (NASDAQ:SSBI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.95 and traded as high as $10.31. Summit State Bank shares last traded at $10.04, with a volume of 17,750 shares.

Summit State Bank Stock Up 5.6%

The firm has a market capitalization of $68.04 million, a PE ratio of -18.59 and a beta of 0.14. The business has a 50-day moving average price of $8.89 and a 200-day moving average price of $7.95.

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 company had revenue of $8.72 million during the quarter.

Institutional Trading of Summit State Bank

Hedge funds have recently made changes to their positions in the company. M3F Inc. acquired a new stake in Summit State Bank during the fourth quarter worth $2,295,000. Salzhauer Michael grew its holdings in shares of Summit State Bank by 30.1% during the 4th quarter. Salzhauer Michael now owns 102,046 shares of the bank's stock worth $781,000 after purchasing an additional 23,594 shares during the period. Two Sigma Securities LLC purchased a new stake in Summit State Bank in the 4th quarter valued at about $89,000. Northern Trust Corp lifted its position in Summit State Bank by 46.7% in 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 last quarter. Finally, Geode Capital Management LLC boosted 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 buying an additional 3,245 shares during the period.

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.

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