Summit State Bank (NASDAQ:SSBI) Shares Cross Above 200 Day Moving Average – What’s Next?

Summit State Bank (NASDAQ:SSBI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.65 and traded as high as $8.69. Summit State Bank shares last traded at $8.50, with a volume of 8,083 shares changing hands.

Summit State Bank Stock Up 1.0 %

The business’s fifty day moving average is $7.65 and its two-hundred day moving average is $7.65. The stock has a market capitalization of $57.60 million, a PE ratio of -15.74 and a beta of 0.61.

Summit State Bank (NASDAQ:SSBI) last posted its earnings results on Tuesday, January 28th. The bank reported ($0.37) earnings per share for the quarter.

Institutional Investors Weigh In On Summit State Bank

Institutional investors have recently modified their holdings of the stock. 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. Two Sigma Securities LLC purchased a new stake in shares of Summit State Bank in the fourth quarter valued at $89,000. M3F Inc. purchased a new stake in shares of Summit State Bank in the fourth quarter valued at $2,295,000. Salzhauer Michael lifted its holdings 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 worth $781,000 after acquiring an additional 23,594 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Summit State Bank by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 53,004 shares of the bank’s stock worth $405,000 after purchasing an additional 3,245 shares during the period.

About Summit State Bank

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.