Summit State Bank (NASDAQ:SSBI - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.44 and traded as high as $11.91. Summit State Bank shares last traded at $11.90, with a volume of 7,623 shares trading hands.
Summit State Bank Stock Performance
The company has a 50-day simple moving average of $11.89 and a 200-day simple moving average of $10.44. The stock has a market cap of $80.68 million, a P/E ratio of -74.38 and a beta of 0.21.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The bank reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $9.49 million during the quarter.
Institutional Investors Weigh In On Summit State Bank
A hedge fund recently raised its stake in Summit State Bank stock. M3F Inc. grew its position in Summit State Bank (NASDAQ:SSBI - Free Report) by 17.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 352,850 shares of the bank's stock after buying an additional 51,417 shares during the period. Summit State Bank accounts for approximately 1.1% of M3F Inc.'s investment portfolio, making the stock its 22nd largest holding. M3F Inc. owned approximately 5.20% of Summit State Bank worth $3,825,000 at the end of the most recent reporting period.
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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