Summit State Bank (NASDAQ:SSBI – Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported ($0.16) earnings per share for the quarter, Zacks reports. The company had revenue of $9.67 million for the quarter.
Summit State Bank Trading Up 0.7%
SSBI traded up $0.08 during midday trading on Thursday, hitting $11.79. 467 shares of the company traded hands, compared to its average volume of 5,536. The company has a market capitalization of $79.90 million, a price-to-earnings ratio of 34.68 and a beta of 0.35. The business has a 50 day simple moving average of $12.45 and a two-hundred day simple moving average of $13.16. Summit State Bank has a 52-week low of $10.35 and a 52-week high of $14.00.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut Summit State Bank from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
View Our Latest Research Report on SSBI
About Summit State Bank
Summit State Bank is a community bank headquartered in Santa Rosa, California, serving individuals, families, professionals, and businesses in the North Bay region. The bank provides traditional banking services through its local branch network and digital banking channels.
Its products and services include checking and savings accounts, certificates of deposit, consumer loans, residential real estate lending, commercial and small-business loans, lines of credit, and cash-management services.
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