Southern States Bancshares - SSBK Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern States Bancshares in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SSBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SSBK, but not buy additional shares or sell existing shares.
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2 brokers have issued 12-month target prices for Southern States Bancshares' stock. Their SSBK share price forecasts range from $26.00 to $27.00. On average, they predict the company's stock price to reach $26.50 in the next twelve months. This suggests that the stock has a possible downside of 9.1%.
View analysts price targets for SSBK or view top-rated stocks among Wall Street analysts.

Southern States Bancshares' stock was trading at $28.95 at the beginning of the year. Since then, SSBK shares have increased by 0.7% and is now trading at $29.16.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
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Southern States Bancshares declared a quarterly dividend on Thursday, January 19th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.09 per share on Thursday, February 16th. This represents a $0.36 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 2nd.
Read our dividend analysis for SSBK.

Southern States Bancshares (NASDAQ:SSBK) pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.24%. The dividend payout ratio is 11.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSBK will have a dividend payout ratio of 15.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSBK.

(SSBK) raised $40 million in an initial public offering (IPO) on Thursday, August 12th 2021. The company issued 2,000,000 shares at $19.00-$21.00 per share.

Southern States Bancshares trades on the NASDAQ under the ticker symbol "SSBK."

Southern States Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include Strategic Value Bank Partners LLC (9.74%) and JCSD Capital LLC (1.33%).

Shares of SSBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SSBK stock can currently be purchased for approximately $29.16.

Southern States Bancshares (NASDAQ:SSBK) has a market capitalization of $253.98 million and generates $91.53 million in revenue each year. The company earns $27.07 million in net income (profit) each year or $3.02 on an earnings per share basis.

The company employs 196 workers across the globe.

Southern States Bancshares' mailing address is 615 Quintard Avenue, Anniston, Alabama 326011. The official website for the company is southernstatesbank.net. The company can be reached via phone at 256-241-1092.