Southern States Bancshares (SSBK) Scheduled to Post Quarterly Earnings on Saturday

Southern States Bancshares (NASDAQ:SSBK - Get Free Report) will be announcing its earnings results on Saturday, April 20th.

Southern States Bancshares (NASDAQ:SSBK - Get Free Report) last posted its quarterly earnings results on Monday, January 22nd. The company reported $0.81 earnings per share for the quarter. Southern States Bancshares had a net margin of 22.64% and a return on equity of 15.52%. The firm had revenue of $23.52 million for the quarter.

Southern States Bancshares Trading Up 1.0 %

SSBK stock traded up $0.24 during trading on Friday, reaching $24.00. 8,883 shares of the stock were exchanged, compared to its average volume of 12,970. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $24.89 and a 200-day moving average price of $25.44. Southern States Bancshares has a 1 year low of $19.61 and a 1 year high of $30.74. The firm has a market capitalization of $213.12 million, a price-to-earnings ratio of 6.76 and a beta of 0.14.

Southern States Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, May 2nd. Southern States Bancshares's dividend payout ratio (DPR) is presently 10.14%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of Southern States Bancshares from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $32.00 to $35.00 in a research note on Friday, March 15th.

Institutional Investors Weigh In On Southern States Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG grew its holdings in shares of Southern States Bancshares by 77.6% in the third quarter. UBS Group AG now owns 1,069 shares of the company's stock valued at $29,000 after purchasing an additional 467 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Southern States Bancshares by 0.9% in the fourth quarter. Stifel Financial Corp now owns 52,034 shares of the company's stock valued at $1,524,000 after purchasing an additional 485 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Southern States Bancshares by 12.5% in the first quarter. Citigroup Inc. now owns 5,132 shares of the company's stock valued at $116,000 after purchasing an additional 569 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of Southern States Bancshares by 0.9% in the first quarter. Waverly Advisors LLC now owns 104,012 shares of the company's stock valued at $2,345,000 after purchasing an additional 884 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Southern States Bancshares by 1.6% in the first quarter. BlackRock Inc. now owns 62,275 shares of the company's stock valued at $1,404,000 after purchasing an additional 1,005 shares in the last quarter. 58.73% of the stock is owned by hedge funds and other institutional investors.

Southern States Bancshares Company Profile

Southern States Bancshares, Inc operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. The company provides various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits.