Summit Bancshares falls -7.6%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2024
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- Stock Performance: Summit Bancshares has experienced a decline of 7.6%, dropping by 91 cents to a current price of $11.12.
- Market Context: The data reflects the company's performance as of October 2023.
Analyst Views on SBIT
Wall Street analysts forecast SBIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SBIT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 41.070
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Current: 41.070
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
