Summit State Bank (NASDAQ:SSBI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.78 and traded as high as $8.08. Summit State Bank shares last traded at $7.92, with a volume of 1,526 shares traded.
Summit State Bank Stock Performance
The firm has a market cap of $53.67 million, a price-to-earnings ratio of -14.67 and a beta of 0.31. The business's 50-day moving average is $8.57 and its 200-day moving average is $7.78.
Summit State Bank (NASDAQ:SSBI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported ($0.37) earnings per share for the quarter.
Institutional Investors Weigh In On Summit State Bank
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new stake in Summit State Bank in the 4th quarter valued at about $89,000. Northern Trust Corp boosted its stake in shares of Summit State Bank by 46.7% in 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of Summit State Bank by 6.5% in 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 during the last quarter. Salzhauer Michael boosted its stake in shares of Summit State Bank by 30.1% in the 4th quarter. Salzhauer Michael now owns 102,046 shares of the bank's stock valued at $781,000 after purchasing an additional 23,594 shares during the last quarter. Finally, M3F Inc. bought a new position in shares of Summit State Bank in the 4th quarter valued at about $2,295,000.
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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