Summit State Bank (NASDAQ:SSBI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.09 and traded as high as $9.80. Summit State Bank shares last traded at $9.76, with a volume of 146 shares changing hands.
Summit State Bank Stock Performance
The stock has a market capitalization of $66.59 million, a price-to-earnings ratio of -18.20 and a beta of 0.14. The business's 50 day simple moving average is $9.03 and its 200-day simple moving average is $8.18.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $0.37 earnings per share for the quarter. The business had revenue of $8.72 million for the quarter.
Institutional Trading of Summit State Bank
Several hedge funds have recently added to or reduced their stakes in SSBI. M3F Inc. grew its stake in shares of Summit State Bank by 0.5% in the first quarter. M3F Inc. now owns 301,433 shares of the bank's stock worth $2,782,000 after purchasing an additional 1,433 shares in the last quarter. Salzhauer Michael lifted its holdings 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 purchasing an additional 23,594 shares during the period. Geode Capital Management LLC grew its position in Summit State Bank by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 53,004 shares of the bank's stock valued at $405,000 after buying an additional 3,245 shares in the last quarter. Northern Trust Corp increased its stake in Summit State Bank by 46.7% during the 4th 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 period. Finally, Two Sigma Securities LLC acquired a new position in Summit State Bank during the 4th quarter valued at about $89,000.
Summit State Bank Company Profile
(
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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