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NASDAQ:SSBK

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

Southern States Bancshares logo
$31.11
-0.40 (-1.27%)
(As of 10/31/2024 ET)

About Southern States Bancshares Stock (NASDAQ:SSBK)

Key Stats

Today's Range
$30.78
$31.46
50-Day Range
$28.70
$32.24
52-Week Range
$22.13
$34.72
Volume
21,699 shs
Average Volume
17,229 shs
Market Capitalization
$277.41 million
P/E Ratio
8.76
Dividend Yield
1.16%
Price Target
$35.50
Consensus Rating
Buy

Company Overview

Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. The company provides various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. It offers 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. Southern States Bancshares, Inc. was founded in 2007 and is headquartered in Anniston, Alabama.

Southern States Bancshares Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
75th Percentile Overall Score

SSBK MarketRank™: 

Southern States Bancshares scored higher than 75% of companies evaluated by MarketBeat, and ranked 363rd out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Southern States Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Southern States Bancshares has only been the subject of 1 research reports in the past 90 days.

  • Read more about Southern States Bancshares' stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Southern States Bancshares is 8.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.70.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Southern States Bancshares is 8.76, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.75.

  • Price to Book Value per Share Ratio

    Southern States Bancshares has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Southern States Bancshares' valuation and earnings.
  • Percentage of Shares Shorted

    0.57% 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 2.4, 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 17.88%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Southern States Bancshares pays a meaningful dividend of 1.12%, 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 10.14%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Southern States Bancshares' dividend.
  • Percentage of Shares Shorted

    0.57% 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 2.4, 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 17.88%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Southern States Bancshares has a news sentiment score of 1.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Southern States Bancshares this week, compared to 1 article on an average week.
  • MarketBeat Follows

    2 people have added Southern States Bancshares to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Southern States Bancshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $158,569.00 in 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

    58.73% 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.

  • Read more about Southern States Bancshares' insider trading history.
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SSBK Stock News Headlines

Southern States Bancshares Reports Strong Q3 2024 Growth
Unveiled: NVIDIA’s "Secret Royalty" Program
Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip?
Southern States reports Q3 EPS 89c vs $1.06 last year
See More Headlines

SSBK Stock Analysis - Frequently Asked Questions

Southern States Bancshares' stock was trading at $29.28 at the beginning of 2024. Since then, SSBK stock has increased by 6.2% and is now trading at $31.11.
View the best growth stocks for 2024 here
.

Southern States Bancshares, Inc. (NASDAQ:SSBK) announced its earnings results on Monday, October, 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by $0.07. The firm had revenue of $46.83 million for the quarter. Southern States Bancshares had a trailing twelve-month return on equity of 14.88% and a net margin of 19.33%.

Southern States Bancshares (SSBK) raised $40 million in an IPO on Thursday, August 12th 2021. The company issued 2,000,000 shares at a price of $19.00-$21.00 per share.

Shares of SSBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Southern States Bancshares investors own include Invesco QQQ (QQQ), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF Trust (DIA), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD) and Netflix (NFLX).

Company Calendar

Ex-Dividend for 8/12 Dividend
7/31/2024
Dividend Payable
8/12/2024
Last Earnings
10/21/2024
Today
10/31/2024
Ex-Dividend for 11/15 Dividend
11/01/2024
Dividend Payable
11/15/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/27/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:SSBK
Fax
N/A
Employees
181
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$35.50
High Stock Price Target
$36.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+12.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$31.95 million
Pretax Margin
26.42%

Debt

Sales & Book Value

Annual Sales
$94.58 million
Cash Flow
$3.81 per share
Book Value
$24.33 per share

Miscellaneous

Free Float
8,284,000
Market Cap
$280.53 million
Optionable
Not Optionable
Beta
0.21
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This page (NASDAQ:SSBK) was last updated on 10/31/2024 by MarketBeat.com Staff
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