Summit State Bank (NASDAQ:SSBI) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Summit State Bank (NASDAQ:SSBI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.09 and traded as high as $9.80. Summit State Bank shares last traded at $9.76, with a volume of 146 shares.

Summit State Bank Trading Down 0.3%

The company has a market capitalization of $66.14 million, a PE ratio of -18.07 and a beta of 0.14. The company has a fifty day simple moving average of $8.99 and a 200-day simple moving average of $8.09.

Summit State Bank (NASDAQ:SSBI - Get Free Report) last posted its earnings results 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 Trading of Summit State Bank

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in 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 buying an additional 3,245 shares during the period. M3F Inc. purchased a new position in shares of Summit State Bank in the 4th quarter valued at about $2,295,000. Two Sigma Securities LLC purchased a new position in shares of Summit State Bank in the 4th quarter valued at about $89,000. Salzhauer Michael raised 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 acquiring an additional 23,594 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Summit State Bank by 46.7% during the fourth quarter. Northern Trust Corp now owns 16,662 shares of the bank's stock worth $127,000 after purchasing an additional 5,306 shares during 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.

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