Summit State Bank (NASDAQ:SSBI - Get Free Report) shares crossed 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 firm has a market cap of $67.06 million, a PE ratio of -18.32 and a beta of 0.14. The company's 50-day simple moving average is $9.00 and its two-hundred day simple moving average is $8.12.
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 company had revenue of $8.72 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SSBI. M3F Inc. increased its position in Summit State Bank by 0.5% during the 1st quarter. M3F Inc. now owns 301,433 shares of the bank's stock valued at $2,782,000 after buying an additional 1,433 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Summit State Bank by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 53,004 shares of the bank's stock valued at $405,000 after purchasing an additional 3,245 shares during the last quarter. Northern Trust Corp increased its holdings in Summit State Bank by 46.7% during 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. Two Sigma Securities LLC purchased a new stake in shares of Summit State Bank in the 4th quarter worth $89,000. Finally, Salzhauer Michael raised its stake in shares of 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 during the period.
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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