Summit State Bank (NASDAQ:SSBI - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.30 and traded as high as $10.00. Summit State Bank shares last traded at $9.91, with a volume of 2,894 shares changing hands.
Summit State Bank Stock Performance
The business's fifty day moving average is $9.23 and its 200-day moving average is $8.36. The firm has a market cap of $65.47 million, a P/E ratio of -17.89 and a beta of 0.15.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $8.72 million during the quarter.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. 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 purchasing an additional 1,433 shares during the period. Geode Capital Management LLC grew 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 worth $405,000 after buying an additional 3,245 shares during the period. Northern Trust Corp grew its position in shares of Summit State Bank by 46.7% during the 4th quarter. Northern Trust Corp now owns 16,662 shares of the bank's stock worth $127,000 after buying an additional 5,306 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Summit State Bank during the 4th quarter worth approximately $89,000. Finally, Salzhauer Michael grew its position 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 buying an additional 23,594 shares during the 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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