Summit State Bank (NASDAQ:SSBI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.48 and traded as high as $13.45. Summit State Bank shares last traded at $13.45, with a volume of 725 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Summit State Bank from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".
View Our Latest Analysis on SSBI
Summit State Bank Stock Up 0.5%
The business has a 50-day moving average price of $13.38 and a 200-day moving average price of $12.48. The firm has a market capitalization of $91.19 million, a PE ratio of 15.11 and a beta of 0.18.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $10.06 million during the quarter.
Institutional Investors Weigh In On Summit State Bank
A number of large investors have recently made changes to their positions in the stock. M3F Inc. grew its position in shares of Summit State Bank by 0.4% in the third quarter. M3F Inc. now owns 354,229 shares of the bank's stock valued at $4,219,000 after purchasing an additional 1,379 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Summit State Bank in the fourth quarter valued at approximately $144,000. Wealthspire Advisors LLC purchased a new stake in shares of Summit State Bank in the fourth quarter valued at approximately $145,000. Susquehanna International Group LLP purchased a new stake in shares of Summit State Bank in the third quarter valued at approximately $166,000. Finally, Daytona Street Capital LLC purchased a new stake in shares of Summit State Bank in the fourth quarter valued at approximately $571,000.
About Summit State Bank
(
Get Free Report)
Summit State Bank NASDAQ: SSBI is a California-chartered commercial bank that provides a comprehensive suite of banking and financial services to business and professional clients, as well as individuals. The bank's core business activities include commercial and industrial lending, commercial real estate financing, business deposit products, treasury management services, and consumer deposit accounts. Through these offerings, Summit State Bank aims to support the growth and operational needs of small- and mid-sized enterprises across its markets.
In addition to its commercial lending solutions, Summit State Bank offers private banking services tailored to high-net-worth individuals, including customized lending, wealth management referrals, and trust services.
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