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

Posted by Francis Steltz on Jul 17th, 2026

Summit State Bank (NASDAQ:SSBI – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.33 and traded as high as $13.53. Summit State Bank shares last traded at $13.53, with a volume of 369 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Summit State Bank in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Get Our Latest Analysis on Summit State Bank

Summit State Bank Price Performance

The stock has a 50 day simple moving average of $13.55 and a 200-day simple moving average of $13.35. The firm has a market cap of $91.35 million, a PE ratio of 15.31 and a beta of 0.18.

Summit State Bank (NASDAQ:SSBI – Get Free Report) last released its earnings results on Tuesday, April 28th. The bank reported $0.25 EPS for the quarter. The company had revenue of $10.06 million during the quarter.

Institutional Trading of Summit State Bank

A number of institutional investors and hedge funds have recently bought and sold shares of SSBI. Renaissance Technologies LLC bought a new position in shares of Summit State Bank in the fourth quarter worth approximately $144,000. Wealthspire Advisors LLC purchased a new position in Summit State Bank in the 4th quarter worth approximately $145,000. Susquehanna International Group LLP bought a new position in Summit State Bank in the 3rd quarter valued at approximately $166,000. Daytona Street Capital LLC bought a new position in Summit State Bank in the 4th quarter valued at approximately $571,000. Finally, Alliancebernstein L.P. purchased a new stake in Summit State Bank during the 3rd quarter valued at $1,126,000.

Summit State Bank Company Profile

(Get Free Report)

Summit State Bank (NASDAQ: SSBI) is a California-chartered commercial bank that provides a comprehensive suite of banking and financial services to business and professional clients, as well as individuals. The bank’s core business activities include commercial and industrial lending, commercial real estate financing, business deposit products, treasury management services, and consumer deposit accounts. Through these offerings, Summit State Bank aims to support the growth and operational needs of small- and mid-sized enterprises across its markets.

In addition to its commercial lending solutions, Summit State Bank offers private banking services tailored to high-net-worth individuals, including customized lending, wealth management referrals, and trust services.