Summit State Bank (NASDAQ:SSBI) Stock Price Passes Above 200 Day Moving Average - What's Next?

Summit State Bank (NASDAQ:SSBI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Summit State Bank Stock Down 1.4%

The firm has a market cap of $66.24 million, a P/E ratio of -18.10 and a beta of 0.15. The company's 50 day simple moving average is $9.20 and its 200-day simple moving average is $8.34.

Summit State Bank (NASDAQ:SSBI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $0.37 EPS for the quarter. The business had revenue of $8.72 million during the quarter.

Institutional Investors Weigh In On Summit State Bank

Several large investors have recently added to or reduced their stakes in SSBI. M3F Inc. purchased a new position in shares of Summit State Bank during the fourth quarter worth approximately $2,295,000. Salzhauer Michael grew its stake 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 in the last quarter. Two Sigma Securities LLC purchased a new position in Summit State Bank during the 4th quarter worth $89,000. Northern Trust Corp raised its position 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 purchasing an additional 5,306 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 purchasing an additional 3,245 shares in the last quarter.

Summit State Bank Company Profile

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.