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 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SSBK shares. View SSBK analyst ratings or view top-rated stocks .

What is Southern States Bancshares' stock price target for 2024?

1 brokers have issued 1-year target prices for Southern States Bancshares' stock. Their SSBK share price targets range from $35.00 to $35.00. On average, they expect the company's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 47.1% 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 2024?

Southern States Bancshares' stock was trading at $29.28 on January 1st, 2024. Since then, SSBK stock has decreased by 18.7% and is now trading at $23.80. View the best growth stocks for 2024 here .

Are investors shorting Southern States Bancshares?

Southern States Bancshares saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 41,900 shares, a drop of 16.5% from the March 15th total of 50,200 shares. Based on an average trading volume of 13,200 shares, the days-to-cover ratio is presently 3.2 days. Currently, 0.6% 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, April 22nd 2024. View our SSBK earnings forecast .

How were Southern States Bancshares' earnings last quarter?

Southern States Bancshares, Inc. (NASDAQ:SSBK) issued its earnings results on Monday, January, 22nd. The company reported $0.81 EPS for the quarter. The business had revenue of $23.52 million for the quarter. Southern States Bancshares had a trailing twelve-month return on equity of 15.52% and a net margin of 22.64%.

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 Wednesday, January 17th. Shareholders of record on Friday, February 2nd will be paid a dividend of $0.09 per share on Thursday, February 15th. This represents a $0.36 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, February 1st. 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 1.53%. The dividend payout ratio is 10.14%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for SSBK .

When did Southern States Bancshares IPO?

Southern States Bancshares (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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SSBK

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

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$23.76

+0.39 (+1.67%)

(As of 04/18/2024 ET)

Compare

Today's Range: $23.52
▼
$23.90
50-Day Range: $23.27
▼
$26.75
52-Week Range: $19.61
▼
$30.74

Volume: 9,972 shs
Average Volume: 13,025 shs
Market Capitalization: $210.99 million

P/E Ratio: 6.69
Dividend Yield: 1.52%
Price Target: $35.00

Get Southern States Bancshares alerts:

Southern States Bancshares MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 47.1% Upside
$35.00 Price Target
Short Interest: Healthy
0.58% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.47
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$3,435 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.27 out of 5 stars

Finance Sector

242nd out of 831 stocks

State Commercial Banks Industry

59th out of 171 stocks

3.5

Analyst's Opinion

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 1 buy rating, 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.

5.0

Short Interest

Percentage of Shares Shorted
0.58% 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 3.2, 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 16.53%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Southern States Bancshares pays a meaningful dividend of 1.53%, 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%.

N/A

Sustainability and ESG

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

2.5

News and Social Media Coverage

News Sentiment
Southern States Bancshares has a news sentiment score of 0.47. 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 lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Southern States Bancshares this week, compared to 0 articles on an average week.
Search Interest
11 people have searched for SSBK on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Southern States Bancshares to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Southern States Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,435.00 in company stock and sold $0.00 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.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Southern States Bancshares is 6.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Southern States Bancshares is 6.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.98.
Price to Book Value per Share Ratio
Southern States Bancshares has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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. 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.

SSBK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SSBK Stock News Headlines

April 17, 2024 | seekingalpha.com

Southern States Bancshares, Inc. declares $0.09 dividend

April 17, 2024 | globenewswire.com

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share

April 18, 2024 | Insiders Exposed (Ad)

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April 13, 2024 | morningstar.com

Southern States Bancshares Inc

April 13, 2024 | americanbankingnews.com

Southern States Bancshares, Inc. (NASDAQ:SSBK) Sees Significant Drop in Short Interest

March 21, 2024 | markets.businessinsider.com

Southern States Bancshares COO Jack Swift To Retire

March 21, 2024 | globenewswire.com

Southern States Bancshares Announces Retirement of COO Jack Swift

March 19, 2024 | msn.com

Senator Tommy Tuberville's Latest 2 Stock Trades Attract The Wrong Kind Of Attention: 'Should This Be Allowed?'

April 18, 2024 | Insiders Exposed (Ad)

This consistently signaled gains of 453%... 610%... and even 1036%...

March 11, 2024 | finance.yahoo.com

If EPS Growth Is Important To You, Southern States Bancshares (NASDAQ:SSBK) Presents An Opportunity

February 28, 2024 | msn.com

Southern States Bancshares to buy CBB Bancorp

February 28, 2024 | globenewswire.com

Southern States Bancshares to Enhance Georgia Franchise With Acquisition of CBB Bancorp

January 28, 2024 | finance.yahoo.com

Is It Smart To Buy Southern States Bancshares, Inc. (NASDAQ:SSBK) Before It Goes Ex-Dividend?

January 24, 2024 | finance.yahoo.com

Southern States Bancshares Inc (SSBK) Reports Mixed Q4 Earnings Amid Interest Rate Challenges

January 22, 2024 | markets.businessinsider.com

Southern States Bancshares Q4 Earnings Fall

January 22, 2024 | finance.yahoo.com

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

January 3, 2024 | msn.com

Piper Sandler Upgrades Southern First Bancshares (SFST)

December 16, 2023 | finance.yahoo.com

A fantastic week for Southern States Bancshares, Inc.'s (NASDAQ:SSBK) 28% institutional owners, one-year returns continue to impress

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

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

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

See More Headlines

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Company Calendar

Last Earnings: 1/22/2024
Ex-Dividend for 2/15 Dividend: 2/01/2024
Dividend Payable: 2/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/22/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:SSBK
CUSIP: N/A
CIK: 1689731
Web: southernstatesbank.net
Phone: 256-241-1092
Fax: N/A
Employees: 181
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $35.00
High Stock Price Target: $35.00
Low Stock Price Target: $35.00
Potential Upside/Downside: +47.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.55
Trailing P/E Ratio: 6.69
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $31.95 million
Net Margins: 22.64%
Pretax Margin: 29.07%
Return on Equity: 15.52%
Return on Assets: 1.36%

Debt

Debt-to-Equity Ratio: 0.85
Current Ratio: 1.05
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $141.13 million
Price / Sales: 1.49
Cash Flow: $3.80 per share
Price / Cash Flow: 6.26
Book Value: $24.33 per share
Price / Book: 0.98

Miscellaneous

Outstanding Shares: 8,880,000
Free Float: 7,567,000
Market Cap: $210.99 million
Optionable: Not Optionable
Beta: 0.14

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Key Executives

Mr. Mark A. Chambers (Age 59)
CEO, President & Director
Comp: $840.67k
Ms. Lynn J. Joyce (Age 60)
Senior EVP & CFO
Comp: $608.65k
Mr. Gregory B. Smith (Age 60)
Senior EVP & Chief Risk Officer
Comp: $602.92k
Mr. Jack Swift (Age 62)
Senior EVP & COO
Garnet Reynolds
President of Coweta & Fayette Counties, GA
Sheila Wells
Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
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 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SSBK shares.
View SSBK analyst ratings or view top-rated stocks.
What is Southern States Bancshares' stock price target for 2024?: 1 brokers have issued 1-year target prices for Southern States Bancshares' stock. Their SSBK share price targets range from $35.00 to $35.00. On average, they expect the company's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 47.1% 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 2024?: Southern States Bancshares' stock was trading at $29.28 on January 1st, 2024. Since then, SSBK stock has decreased by 18.7% and is now trading at $23.80.
View the best growth stocks for 2024 here.
Are investors shorting Southern States Bancshares?: Southern States Bancshares saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 41,900 shares, a drop of 16.5% from the March 15th total of 50,200 shares. Based on an average trading volume of 13,200 shares, the days-to-cover ratio is presently 3.2 days. Currently, 0.6% 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, April 22nd 2024.
View our SSBK earnings forecast.
How were Southern States Bancshares' earnings last quarter?: Southern States Bancshares, Inc. (NASDAQ:SSBK) issued its earnings results on Monday, January, 22nd. The company reported $0.81 EPS for the quarter. The business had revenue of $23.52 million for the quarter. Southern States Bancshares had a trailing twelve-month return on equity of 15.52% and a net margin of 22.64%.

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 Wednesday, January 17th. Shareholders of record on Friday, February 2nd will be paid a dividend of $0.09 per share on Thursday, February 15th. This represents a $0.36 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, February 1st.
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 1.53%. The dividend payout ratio is 10.14%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SSBK.
When did Southern States Bancshares IPO?: Southern States Bancshares (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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SSBK) was last updated on 4/18/2024 by MarketBeat.com Staff

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