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

Summit State Bank (NASDAQ:SSBI) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.66 and traded as high as $7.70. Summit State Bank shares last traded at $7.60, with a volume of 19,563 shares.

Summit State Bank Trading Up 1.1 %

The company has a market cap of $51.51 million, a PE ratio of -14.07 and a beta of 0.66. The firm has a fifty day moving average of $7.41 and a two-hundred day moving average of $7.66.

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 made changes to their positions in the stock. M3F Inc. purchased a new position in shares of Summit State Bank in the fourth quarter valued at $2,295,000. Salzhauer Michael grew its holdings in Summit State Bank by 30.1% during the 4th quarter. Salzhauer Michael now owns 102,046 shares of the bank’s stock valued at $781,000 after buying an additional 23,594 shares in the last quarter. Creative Planning purchased a new position in Summit State Bank during the 3rd quarter valued at about $116,000. Two Sigma Securities LLC purchased a new stake in shares of Summit State Bank in the fourth quarter worth about $89,000. Finally, Northern Trust Corp lifted its holdings in shares of 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 buying an additional 5,306 shares in the last quarter.

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.