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NASDAQ:SSBK

Southern States Bancshares (SSBK) Stock Forecast, Price & News

$22.55
-0.04 (-0.18%)
(As of 11:06 AM ET)
Compare
Today's Range
$22.55
$22.96
50-Day Range
$22.01
$25.15
52-Week Range
$19.61
$31.00
Volume
536 shs
Average Volume
20,785 shs
Market Capitalization
$199.12 million
P/E Ratio
6.00
Dividend Yield
1.60%
Price Target
$26.00

Southern States Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
15.3% Upside
$26.00 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.20mentions of Southern States Bancshares in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Finance Sector

640th out of 878 stocks

State Commercial Banks Industry

156th out of 183 stocks


SSBK stock logo

About Southern States Bancshares (NASDAQ:SSBK) Stock

Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. It offers various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. The company also provides real estate loan products, including loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer installment loans, overdrafts, and other revolving credit loans. In addition, it offers online and mobile banking, and ATM services. The company was founded in 2007 and is headquartered in Anniston, Alabama.

SSBK Price History

SSBK Stock News Headlines

Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Southern Remedy
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
SSBK - Southern States Bancshares, Inc.
See More Headlines
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SSBK Company Calendar

Last Earnings
7/24/2023
Ex-Dividend for 8/17 Dividend
8/02/2023
Dividend Payable
8/17/2023
Today
10/02/2023
Next Earnings (Estimated)
10/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:SSBK
Fax
N/A
Employees
187
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.00
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+13.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$27.07 million
Pretax Margin
34.71%

Debt

Sales & Book Value

Annual Sales
$91.53 million
Cash Flow
$3.20 per share
Book Value
$20.87 per share

Miscellaneous

Free Float
7,517,000
Market Cap
$202.74 million
Optionable
Not Optionable
Beta
0.04
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Key Executives

  • Mr. Mark A. Chambers (Age 58)
    CEO, Pres & Director
    Comp: $714.87k
  • Ms. Lynn J. Joyce (Age 59)
    Sr. EVP & CFO
    Comp: $556.95k
  • Mr. Jack Swift (Age 62)
    Sr. EVP & COO
  • Mr. Gregory B. Smith (Age 59)
    Sr. EVP & Chief Risk Officer
  • Garnet Reynolds
    Pres of Coweta & Fayette Counties, GA
  • Sheila Wells
    Corp. Sec.













SSBK Stock - Frequently Asked Questions

Should I buy or sell Southern States Bancshares stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Southern States Bancshares in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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.
View SSBK analyst ratings
or view top-rated stocks.

What is Southern States Bancshares' stock price forecast for 2023?

1 equities research analysts have issued 12 month target prices for Southern States Bancshares' stock. Their SSBK share price forecasts range from $26.00 to $26.00. On average, they anticipate the company's stock price to reach $26.00 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
View analysts price targets for SSBK
or view top-rated stocks among Wall Street analysts.

How have SSBK shares performed in 2023?

Southern States Bancshares' stock was trading at $28.95 at the beginning of 2023. Since then, SSBK shares have decreased by 20.7% and is now trading at $22.96.
View the best growth stocks for 2023 here
.

Are investors shorting Southern States Bancshares?

Southern States Bancshares saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 76,900 shares, a decline of 17.0% from the August 31st total of 92,700 shares. Based on an average daily trading volume, of 15,600 shares, the days-to-cover ratio is currently 4.9 days. Currently, 1.1% of the company's stock are short sold.
View Southern States Bancshares' Short Interest
.

When is Southern States Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our SSBK earnings forecast
.

How were Southern States Bancshares' earnings last quarter?

Southern States Bancshares, Inc. (NASDAQ:SSBK) released its quarterly earnings data on Monday, July, 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.09. The firm earned $26.29 million during the quarter. Southern States Bancshares had a trailing twelve-month return on equity of 15.82% and a net margin of 27.04%.

How often does Southern States Bancshares pay dividends? What is the dividend yield for Southern States Bancshares?

Southern States Bancshares declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.09 per share on Thursday, August 17th. This represents a $0.36 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Read our dividend analysis for SSBK
.

Is Southern States Bancshares a good dividend stock?

Southern States Bancshares (NASDAQ:SSBK) pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.59%. The dividend payout ratio is 9.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SSBK.

When did Southern States Bancshares IPO?

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

What is Southern States Bancshares' stock symbol?

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

How do I buy shares of Southern States Bancshares?

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.
Compare Top Brokerages Here.

What is Southern States Bancshares' stock price today?

One share of SSBK stock can currently be purchased for approximately $22.96.

How much money does Southern States Bancshares make?

Southern States Bancshares (NASDAQ:SSBK) has a market capitalization of $202.74 million and generates $91.53 million in revenue each year. The company earns $27.07 million in net income (profit) each year or $3.76 on an earnings per share basis.

How many employees does Southern States Bancshares have?

The company employs 187 workers across the globe.

How can I contact Southern States Bancshares?

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.

This page (NASDAQ:SSBK) was last updated on 10/2/2023 by MarketBeat.com Staff

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