Keefe, Bruyette & Woods cut shares of Southern States Bancshares (NASDAQ:SSBK - Free Report) from a moderate buy rating to a hold rating in a research report sent to investors on Tuesday, April 22nd,Zacks.com reports.
Southern States Bancshares Stock Up 0.3 %
Shares of Southern States Bancshares stock traded up $0.10 during trading on Tuesday, reaching $33.52. 6,834 shares of the company traded hands, compared to its average volume of 22,895. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. Southern States Bancshares has a 1-year low of $23.67 and a 1-year high of $39.16. The company has a 50 day moving average price of $32.30 and a 200-day moving average price of $33.35. The firm has a market capitalization of $332.62 million, a PE ratio of 9.14 and a beta of 0.27.
Southern States Bancshares (NASDAQ:SSBK - Get Free Report) last released its earnings results on Monday, April 21st. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. The company had revenue of $26.51 million for the quarter, compared to the consensus estimate of $26.80 million. Southern States Bancshares had a net margin of 19.68% and a return on equity of 15.04%.
Southern States Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. Southern States Bancshares's dividend payout ratio (DPR) is presently 9.47%.
Institutional Trading of Southern States Bancshares
Institutional investors have recently made changes to their positions in the company. Castalian Partners LLC purchased a new stake in Southern States Bancshares during the fourth quarter valued at about $3,521,000. Keystone Financial Group Inc. purchased a new position in Southern States Bancshares in the 4th quarter worth approximately $1,994,000. Private Capital Management LLC purchased a new stake in shares of Southern States Bancshares during the 4th quarter valued at $1,276,000. Marietta Wealth Management LLC purchased a new position in Southern States Bancshares in the fourth quarter worth $977,000. Finally, EAM Investors LLC purchased a new position in Southern States Bancshares in the fourth quarter worth $671,000. Institutional investors own 58.73% of the company's stock.
Southern States Bancshares Company Profile
(
Get Free Report)
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.
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