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

Summit State Bank (NASDAQ:SSBI) shares crossed 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.

Summit State Bank Stock Performance

The firm has a market capitalization of $67.16 million, a PE ratio of -18.35 and a beta of 0.15. The company has a fifty day moving average price of $9.13 and a 200-day moving average price of $8.30.

Summit State Bank (NASDAQ:SSBI) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $8.72 million for the quarter.

Institutional Trading of Summit State Bank

Several hedge funds have recently modified their holdings of SSBI. M3F Inc. purchased a new stake in shares of Summit State Bank during the 4th quarter worth approximately $2,295,000. Salzhauer Michael raised its holdings in Summit State Bank by 30.1% during the 4th quarter. Salzhauer Michael now owns 102,046 shares of the bank’s stock valued at $781,000 after buying an additional 23,594 shares during the period. Two Sigma Securities LLC purchased a new stake in Summit State Bank during the 4th quarter valued at $89,000. Northern Trust Corp raised its holdings 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 buying an additional 5,306 shares during the period. Finally, Geode Capital Management LLC raised its holdings 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 buying an additional 3,245 shares during the period.

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.