Summit State Bank (NASDAQ:SSBI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Summit State Bank (NASDAQ:SSBI)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.67 and traded as high as $9.50. Summit State Bank shares last traded at $9.03, with a volume of 4,165 shares.

Summit State Bank Trading Down 7.0 %

The stock has a market cap of $61.20 million, a P/E ratio of -16.72 and a beta of 0.61. The stock has a 50 day simple moving average of $7.96 and a 200 day simple moving average of $7.67.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC bought a new stake in Summit State Bank during the 4th quarter worth approximately $89,000. Northern Trust Corp lifted its holdings in shares of 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 period. Geode Capital Management LLC lifted its holdings in shares of Summit State Bank by 6.5% during the fourth 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. Salzhauer Michael raised its position in 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 purchasing an additional 23,594 shares during the last quarter. Finally, M3F Inc. acquired a new position in Summit State Bank during the 4th quarter worth about $2,295,000.

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.