Summit State Bank (NASDAQ:SSBI) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Summit State Bank (NASDAQ:SSBI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.31 and traded as high as $12.13. Summit State Bank shares last traded at $12.02, with a volume of 5,857 shares traded.

Summit State Bank Trading Down 0.0%

The business’s fifty day moving average is $11.85 and its 200 day moving average is $10.31. The firm has a market capitalization of $81.46 million, a P/E ratio of -75.09 and a beta of 0.16.

Summit State Bank (NASDAQ:SSBI) last released its earnings results on Tuesday, July 29th. The bank reported $0.36 EPS for the quarter. The business had revenue of $9.49 million during the quarter.

Institutional Investors Weigh In On Summit State Bank

An institutional investor recently raised its position in Summit State Bank stock. Northern Trust Corp lifted its stake in shares of Summit State Bank (NASDAQ:SSBI) by 46.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,662 shares of the bank’s stock after purchasing an additional 5,306 shares during the period. Northern Trust Corp owned approximately 0.25% of Summit State Bank worth $127,000 at the end of the most recent 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.