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

1 Wall Street 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 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 target for 2024?

1 Wall Street analysts have issued 1 year target prices for Southern States Bancshares' stock. Their SSBK share price targets range from $26.00 to $26.00. On average, they expect the company's share price to reach $26.00 in the next year. This suggests a possible upside of 0.2% 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 on January 1st, 2023. Since then, SSBK stock has decreased by 10.4% and is now trading at $25.94. View the best growth stocks for 2023 here .

When is Southern States Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 22nd 2024. View our SSBK earnings forecast .

How were Southern States Bancshares' earnings last quarter?

Southern States Bancshares, Inc. (NASDAQ:SSBK) announced its earnings results on Monday, October, 23rd. The company reported $1.06 EPS for the quarter. The business earned $17.84 million during the quarter. Southern States Bancshares had a net margin of 25.27% and a trailing twelve-month return on equity of 16.60%.

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, October 19th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.09 per share on Friday, November 17th. This represents a $0.36 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, November 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 1.38%. The dividend payout ratio is 9.63%. 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 a price of $19.00-$21.00 per share.

Who are Southern States Bancshares' major shareholders?

Southern States Bancshares' stock is owned by many different institutional and retail investors. Top institutional investors include Davis Asset Management L.P. (8.77%), Northern Trust Corp (0.65%), JCSD Capital LLC (0.65%), Stifel Financial Corp (0.58%), Bank of New York Mellon Corp (0.32%) and Kennedy Capital Management LLC (0.27%).

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 .

Southern States Bancshares Stock Price, News & Analysis (NASDAQ:SSBK)

$25.94

-0.06 (-0.23%)

(As of 12/8/2023 ET)

Compare

Today's Range: $25.83
▼
$26.00
50-Day Range: $21.95
▼
$26.13
52-Week Range: $19.61
▼
$31.00

Volume: 32,956 shs
Average Volume: 36,229 shs
Market Capitalization: $229.31 million

P/E Ratio: 6.94
Dividend Yield: 1.39%
Price Target: $26.00

Southern States Bancshares MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 0.2% Upside
$26.00 Price Target
Short Interest: Healthy
0.77% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
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.

1.60 out of 5 stars

Finance Sector

756th out of 871 stocks

State Commercial Banks Industry

163rd out of 182 stocks

1.0

Analyst's Opinion

Consensus Rating
Southern States Bancshares has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.00, Southern States Bancshares has a forecasted upside of 0.2% from its current price of $25.94.
Amount of Analyst Coverage
Southern States Bancshares has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.77% of the float of Southern States Bancshares has been sold short.
Short Interest Ratio / Days to Cover
Southern States Bancshares has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Southern States Bancshares has recently decreased by 1.67%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Southern States Bancshares pays a meaningful dividend of 1.38%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Southern States Bancshares does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Southern States Bancshares is 9.63%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SSBK.

N/A

News and Social Media Coverage

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Southern States Bancshares insiders have not sold or bought any company stock.
Percentage Held by Insiders
14.80% of the stock of Southern States Bancshares is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
50.74% of the stock of Southern States Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Southern States Bancshares is 6.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Southern States Bancshares is 6.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.35.
Price to Book Value per Share Ratio
Southern States Bancshares has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Southern States Bancshares Stock (NASDAQ:SSBK)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SSBK Stock News Headlines

October 28, 2023 | finance.yahoo.com

Southern States Bancshares, Inc. (NASDAQ:SSBK) Passed Our Checks, And It's About To Pay A US$0.09 Dividend

October 24, 2023 | finance.yahoo.com

Southern States Bancshares Inc (SSBK) Announces Q3 2023 Financial Results

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October 23, 2023 | finance.yahoo.com

Southern States Bancshares, Inc. Announces Third Quarter 2023 Financial Results

October 22, 2023 | finance.yahoo.com

Southern States Bancshares' (NASDAQ:SSBK) Dividend Will Be $0.09

September 25, 2023 | foxnews.com

Obesity maps: CDC reveals which US states have the highest body mass index among residents

July 29, 2023 | finance.yahoo.com

There's A Lot To Like About Southern States Bancshares' (NASDAQ:SSBK) Upcoming US$0.09 Dividend

July 25, 2023 | finance.yahoo.com

Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09

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July 24, 2023 | msn.com

Southern States Bancshares Non-GAAP EPS of $0.79 beats by $0.20, revenue of $26.29M

July 24, 2023 | finance.yahoo.com

Southern States Bancshares, Inc. Announces Second Quarter 2023 Financial Results

July 8, 2023 | npr.org

Southern Remedy

June 9, 2023 | msn.com

Southern States Bancshares (FRA:6U2) Price Target Increased by 5.29% to 26.99

May 25, 2023 | finance.yahoo.com

SSBK - Southern States Bancshares, Inc.

May 23, 2023 | finance.yahoo.com

Individual investors account for 27% of Southern States Bancshares, Inc.'s (NASDAQ:SSBK) ownership, while institutions account for 26%

May 1, 2023 | finance.yahoo.com

Southern States Bancshares, Inc. Announces Leadership Transition

April 24, 2023 | finance.yahoo.com

Southern States Bancshares, Inc. (SSBK) Q1 Earnings and Revenues Top Estimates

April 24, 2023 | finance.yahoo.com

Southern States Bancshares, Inc. Announces First Quarter 2023 Financial Results

April 22, 2023 | msn.com

Southern States Bancshares (SSBK) Declares $0.09 Dividend

April 20, 2023 | yahoo.com

Southern Pines, United States - Weather Forecasts | Maps | News - Yahoo Weather

April 12, 2023 | finance.yahoo.com

With EPS Growth And More, Southern States Bancshares (NASDAQ:SSBK) Makes An Interesting Case

April 8, 2023 | forbes.com

Convert Iraqi Dinar To United States Dollar

April 6, 2023 | markets.businessinsider.com

KBW Reaffirms Their Hold Rating on Southern States Bancshares (SSBK)

April 6, 2023 | msn.com

Keefe, Bruyette & Woods Maintains Southern States Bancshares (SSBK) Market Perform Recommendation

March 29, 2023 | foxnews.com

FOX Corporation donates $1 million to American Red Cross to support Southern states hit by deadly tornadoes

March 9, 2023 | finance.yahoo.com

Southern States Bancshares (SSBK) Renews Share Buyback Plan

March 7, 2023 | finance.yahoo.com

Southern States Bancshares, Inc. Announces Renewal of $10.0 million Stock Repurchase Program

See More Headlines

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Company Calendar

Last Earnings: 10/23/2023
Ex-Dividend for 11/17 Dividend: 11/02/2023
Dividend Payable: 11/17/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Banks - Regional
Sub-Industry: N/A
Sector: Financial Services
Current Symbol: NASDAQ:SSBK
CUSIP: N/A
CIK: 1689731
Web: southernstatesbank.net
Phone: 256-241-1092
Fax: N/A
Employees: 187
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $26.00
High Stock Price Target: $26.00
Low Stock Price Target: $26.00
Potential Upside/Downside: +0.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.74
Trailing P/E Ratio: 6.94
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $27.07 million
Net Margins: 25.27%
Pretax Margin: 32.22%
Return on Equity: 16.60%
Return on Assets: 1.46%

Debt

Debt-to-Equity Ratio: 0.73
Current Ratio: 1.03
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $90.95 million
Price / Sales: 2.52
Cash Flow: $3.25 per share
Price / Cash Flow: 7.99
Book Value: $20.87 per share
Price / Book: 1.24

Miscellaneous

Outstanding Shares: 8,836,000
Free Float: 7,519,000
Market Cap: $229.21 million
Optionable: Not Optionable
Beta: 0.11

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Key Executives

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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SSBK Stock Analysis - Frequently Asked Questions

Should I buy or sell Southern States Bancshares stock right now?: 1 Wall Street 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 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 target for 2024?: 1 Wall Street analysts have issued 1 year target prices for Southern States Bancshares' stock. Their SSBK share price targets range from $26.00 to $26.00. On average, they expect the company's share price to reach $26.00 in the next year. This suggests a possible upside of 0.2% 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 on January 1st, 2023. Since then, SSBK stock has decreased by 10.4% and is now trading at $25.94.
View the best growth stocks for 2023 here.
When is Southern States Bancshares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, January 22nd 2024.
View our SSBK earnings forecast.
How were Southern States Bancshares' earnings last quarter?: Southern States Bancshares, Inc. (NASDAQ:SSBK) announced its earnings results on Monday, October, 23rd. The company reported $1.06 EPS for the quarter. The business earned $17.84 million during the quarter. Southern States Bancshares had a net margin of 25.27% and a trailing twelve-month return on equity of 16.60%.
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, October 19th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.09 per share on Friday, November 17th. This represents a $0.36 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, November 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 1.38%. The dividend payout ratio is 9.63%. 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 a price of $19.00-$21.00 per share.
Who are Southern States Bancshares' major shareholders?: Southern States Bancshares' stock is owned by many different institutional and retail investors. Top institutional investors include Davis Asset Management L.P. (8.77%), Northern Trust Corp (0.65%), JCSD Capital LLC (0.65%), Stifel Financial Corp (0.58%), Bank of New York Mellon Corp (0.32%) and Kennedy Capital Management LLC (0.27%).
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.

This page (NASDAQ:SSBK) was last updated on 12/9/2023 by MarketBeat.com Staff

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