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NASDAQ:SSBK

Southern States Bancshares - SSBK Stock Forecast, Price & News

$29.12
-0.03 (-0.10%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$28.90
$29.40
50-Day Range
$27.31
$29.48
52-Week Range
$20.16
$30.50
Volume
35,934 shs
Average Volume
14,372 shs
Market Capitalization
$253.64 million
P/E Ratio
9.64
Dividend Yield
1.24%
Price Target
$26.50

Southern States Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.0% Downside
$26.50 Price Target
Short Interest
Healthy
0.29% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-11.76%
From $2.72 to $2.40 Per Share

Overall MarketRank

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

1.63 out of 5 stars

Finance Sector

775th out of 850 stocks

State Commercial Banks Industry

169th out of 177 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, which include 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 operates 15 offices in Alabama and Georgia, as well as a loan production office in Atlanta, Georgia. Southern States Bancshares, Inc. was founded in 2007 and is headquartered in Anniston, Alabama.

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SSBK Stock News Headlines

"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Southern States Bancshares, Inc. (SSBK)
See More Headlines
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SSBK Company Calendar

Ex-Dividend for 11/16 Dividend
11/02/2022
Dividend Payable
11/16/2022
Ex-Dividend for 2/16 Dividend
2/02/2023
Today
2/06/2023
Dividend Payable
2/16/2023
Next Earnings (Estimated)
4/24/2023
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
196
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.50
High Stock Price Forecast
$27.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
-9.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$27.07 million
Pretax Margin
35.24%

Debt

Sales & Book Value

Annual Sales
$91.53 million
Cash Flow
$2.11 per share
Book Value
$19.66 per share

Miscellaneous

Free Float
7,418,000
Market Cap
$253.64 million
Optionable
Not Optionable
Beta
0.02

Key Executives

  • Mr. Stephen Woods Whatley (Age 70)
    Chairman & CEO
    Comp: $863.92k
  • Mr. Mark Chambers (Age 58)
    Pres & Director
    Comp: $533.11k
  • Ms. Lynn J. Joyce (Age 59)
    Sr. EVP & CFO
    Comp: $476.7k
  • Mr. Jack Swift (Age 62)
    Sr. EVP & COO
  • Mr. Gregory B. Smith (Age 59)
    Sr. EVP & Chief Risk Officer
  • Sheila Wells
    Corp. Sec.













SSBK Stock - Frequently Asked Questions

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

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.
View SSBK analyst ratings
or view top-rated stocks.

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

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.

How have SSBK shares performed in 2023?

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.
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, April 24th 2023.
View our SSBK earnings forecast
.

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, 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
.

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 1.24%. 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.

When did Southern States Bancshares IPO?

(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.

What is Southern States Bancshares' stock symbol?

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

Who are Southern States Bancshares' major shareholders?

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%).

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 $29.16.

How much money does Southern States Bancshares make?

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.

How many employees does Southern States Bancshares have?

The company employs 196 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 2/6/2023 by MarketBeat.com Staff