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

Shares of Summit State Bank (NASDAQ:SSBI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.95 and traded as high as $10.31. Summit State Bank shares last traded at $10.04, with a volume of 17,750 shares changing hands.

Summit State Bank Price Performance

The firm has a market cap of $68.04 million, a price-to-earnings ratio of -18.59 and a beta of 0.14. The company’s 50 day simple moving average is $8.89 and its 200 day simple moving average is $7.95.

Summit State Bank (NASDAQ:SSBI) last released its earnings results on Tuesday, April 29th. The bank reported $0.37 EPS for the quarter. The company had revenue of $8.72 million for the quarter.

Institutional Trading of Summit State Bank

A number of large investors have recently made changes to their positions in the company. Two Sigma Securities LLC acquired a new position in Summit State Bank during the 4th quarter worth approximately $89,000. Northern Trust Corp raised its holdings in shares of Summit State Bank by 46.7% in the 4th quarter. Northern Trust Corp now owns 16,662 shares of the bank’s stock valued at $127,000 after purchasing an additional 5,306 shares in the last quarter. Geode Capital Management LLC lifted its position 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 last quarter. Salzhauer Michael grew its stake in shares of Summit State Bank by 30.1% during the fourth quarter. Salzhauer Michael now owns 102,046 shares of the bank’s stock worth $781,000 after purchasing an additional 23,594 shares in the last quarter. Finally, M3F Inc. acquired a new position in shares of Summit State Bank during the fourth quarter worth $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.