Shares of Summit State Bank (NASDAQ SSBI) opened at $13.35 on Wednesday. Summit State Bank has a one year low of $11.65 and a one year high of $15.00. The firm has a market cap of $80.34, a price-to-earnings ratio of 24.27 and a beta of 0.42.
Summit State Bank (NASDAQ:SSBI) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.13 earnings per share for the quarter. The firm had revenue of $5.76 million during the quarter.
Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Summit State Bank by 0.5% in the second quarter. Wells Fargo & Company MN now owns 18,095 shares of the bank’s stock worth $235,000 after buying an additional 89 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Summit State Bank by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 41,760 shares of the bank’s stock worth $543,000 after buying an additional 810 shares during the last quarter. Banc Funds Co. LLC lifted its stake in shares of Summit State Bank by 10.7% in the fourth quarter. Banc Funds Co. LLC now owns 159,007 shares of the bank’s stock worth $2,003,000 after buying an additional 15,400 shares during the last quarter. Finally, Kennedy Capital Management Inc. lifted its stake in shares of Summit State Bank by 25.4% in the fourth quarter. Kennedy Capital Management Inc. now owns 249,278 shares of the bank’s stock worth $3,141,000 after buying an additional 50,505 shares during the last quarter. Institutional investors and hedge funds own 14.24% of the company’s stock.
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About Summit State Bank
Summit State Bank is a state-chartered commercial bank operating a traditional community banking business within its primary service area of Sonoma County in California. The Bank operates through approximately five offices located in Santa Rosa, Petaluma, Rohnert Park and Healdsburg. The Bank considers loans from Marin, Napa and San Francisco counties.
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