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

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.

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.

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.
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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.

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

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%.

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.

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.

(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.

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

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 $22.96.

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.

The company employs 187 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.