Northern Trust Corp Purchases 5,306 Shares of Summit State Bank (NASDAQ:SSBI)

Northern Trust Corp increased its position in shares of Summit State Bank (NASDAQ:SSBI) by 46.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,662 shares of the bank’s stock after buying an additional 5,306 shares during the period. Northern Trust Corp’s holdings in Summit State Bank were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SSBI. Two Sigma Securities LLC bought a new position in Summit State Bank during the fourth quarter worth $89,000. Geode Capital Management LLC raised its stake in Summit State Bank by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 53,004 shares of the bank’s stock worth $405,000 after buying an additional 3,245 shares during the last quarter. Salzhauer Michael raised its stake in Summit State Bank by 30.1% during the fourth quarter. Salzhauer Michael now owns 102,046 shares of the bank’s stock worth $781,000 after buying an additional 23,594 shares during the last quarter. Finally, M3F Inc. bought a new position in Summit State Bank during the fourth quarter worth $2,295,000.

Summit State Bank Stock Down 2.9%

Shares of NASDAQ SSBI opened at $9.71 on Wednesday. Summit State Bank has a twelve month low of $5.68 and a twelve month high of $10.93. The firm has a fifty day simple moving average of $9.04 and a 200 day simple moving average of $8.19. The company has a market capitalization of $65.80 million, a PE ratio of -17.98 and a beta of 0.14.

Summit State Bank (NASDAQ:SSBI) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $0.37 earnings per share for the quarter. The company had revenue of $8.72 million during the quarter.

Summit State Bank Company Profile

Summit State Bank engages in providing an array of financial services to small and medium-sized businesses, their owners and employees, entrepreneurs, high net worth families, foundations, estates, and individual consumers. It specializes in business services, personal accounts, nonprofit programs, and mobile banking ranging from lending, checking, merchant, eBanking, automated teller machines, equity loans, and others.