Summit State Bank (NASDAQ:SSBI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.44 and traded as high as $11.75. Summit State Bank shares last traded at $11.75, with a volume of 1,111 shares changing hands.
Summit State Bank Stock Performance
The business has a 50-day moving average price of $11.02 and a 200 day moving average price of $9.44. The stock has a market capitalization of $79.67 million, a P/E ratio of -73.44 and a beta of 0.16.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The bank reported $0.36 EPS for the quarter. The company had revenue of $9.49 million during the quarter.
Hedge Funds Weigh In On Summit State Bank
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSBI. Geode Capital Management LLC raised its stake in 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 buying an additional 3,245 shares during the last quarter. Salzhauer Michael raised its stake in Summit State Bank by 30.1% during the 4th quarter. Salzhauer Michael now owns 102,046 shares of the bank's stock valued at $781,000 after buying an additional 23,594 shares during the last quarter. M3F Inc. purchased a new stake in Summit State Bank during the 4th quarter valued at $2,295,000. Two Sigma Securities LLC purchased a new stake in Summit State Bank during the 4th quarter valued at $89,000. Finally, Northern Trust Corp raised 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 last quarter.
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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