Summit State Bank (NASDAQ:SSBI) Shares Pass Above 200 Day Moving Average – Here’s What Happened

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 $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 trading hands.

Summit State Bank Stock Up 0.8 %

The stock’s 50-day moving average is $7.67 and its 200 day moving average is $7.65. The stock has a market capitalization of $58.08 million, a PE ratio of -15.87 and a beta of 0.61.

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

Institutional Trading of Summit State Bank

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 in the fourth quarter worth approximately $89,000. Northern Trust Corp grew its position in Summit State Bank by 46.7% in the fourth quarter. Northern Trust Corp now owns 16,662 shares of the bank’s stock worth $127,000 after acquiring an additional 5,306 shares in the last quarter. Geode Capital Management LLC grew its position in Summit State Bank by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 53,004 shares of the bank’s stock worth $405,000 after acquiring an additional 3,245 shares in the last quarter. Salzhauer Michael grew its position in Summit State Bank by 30.1% in the fourth 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, M3F Inc. bought a new stake in Summit State Bank in the fourth quarter worth approximately $2,295,000.

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.