Summit State Bank (NASDAQ:SSBI) Releases Earnings Results

Summit State Bank (NASDAQ:SSBI) posted its earnings results on Tuesday. The bank reported ($0.16) earnings per share (EPS) for the quarter, Zacks reports.

Summit State Bank Trading Up 2.1%

NASDAQ SSBI traded up $0.25 on Tuesday, hitting $12.25. 2,610 shares of the company were exchanged, compared to its average volume of 2,654. The firm has a 50 day moving average of $12.50 and a two-hundred day moving average of $13.16. The company has a market cap of $83.06 million, a P/E ratio of 36.03 and a beta of 0.35. Summit State Bank has a 1-year low of $10.35 and a 1-year 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 investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Summit State Bank has an average rating of “Hold”.

Summit State Bank Company Profile

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.