Summit State Bank (NASDAQ:SSBI – Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported ($0.19) earnings per share (EPS) for the quarter, Zacks reports.
Summit State Bank Trading Up 0.4%
Shares of Summit State Bank stock traded up $0.05 during trading hours on Tuesday, reaching $13.16. The stock had a trading volume of 303 shares, compared to its average volume of 5,872. The firm has a market capitalization of $89.22 million, a price-to-earnings ratio of 14.79 and a beta of 0.18. Summit State Bank has a 1 year low of $10.35 and a 1 year high of $14.00. The firm has a 50 day simple moving average of $13.51 and a two-hundred day simple moving average of $13.42.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Summit State Bank in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
Institutional Trading of Summit State Bank
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. purchased a new position in Summit State Bank in the third quarter valued at approximately $1,126,000. Renaissance Technologies LLC purchased a new stake in Summit State Bank during the fourth quarter worth approximately $144,000. Susquehanna International Group LLP acquired a new stake in shares of Summit State Bank in the third quarter worth $166,000. Finally, Wealthspire Advisors LLC acquired a new stake in shares of Summit State Bank in the fourth quarter worth $145,000.
About Summit State Bank
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.
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