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.Get Summit State Bank alerts: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 BankInstitutional 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 (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.See AlsoFive stocks we like better than Summit State BankWhat Does a Gap Up Mean in Stocks? How to Play the GapAmer Sports: The New ONON and DECK of Consumer Discretionary?How to Use Stock Screeners to Find StocksBigBear.ai: Risky AI Stock or Defense Tech Opportunity?Asset Allocation Strategies in Volatile MarketsToyota Supercharges Joby: $250M Capital Infusion Ignites Stock This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Summit State Bank Right Now?Before you consider Summit State Bank, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Summit State Bank wasn't on the list.While Summit State Bank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here