Southern States Bancshares (SSBK) Scheduled to Post Earnings on Saturday

Southern States Bancshares (NASDAQ:SSBK) is scheduled to release its earnings data on Saturday, April 20th.

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

Southern States Bancshares Price Performance

Southern States Bancshares stock opened at $23.76 on Friday. Southern States Bancshares has a 12 month low of $19.61 and a 12 month high of $30.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $24.94 and a 200-day simple moving average of $25.43. The stock has a market capitalization of $210.99 million, a PE ratio of 6.69 and a beta of 0.14.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised Southern States Bancshares from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $32.00 to $35.00 in a report on Friday, March 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG grew its holdings in Southern States Bancshares by 77.6% in the third quarter. UBS Group AG now owns 1,069 shares of the company’s stock valued at $29,000 after purchasing an additional 467 shares during the last quarter. Barclays PLC acquired a new stake in Southern States Bancshares in the second quarter valued at $32,000. California State Teachers Retirement System acquired a new stake in Southern States Bancshares in the second quarter valued at $53,000. Acadian Asset Management LLC acquired a new stake in Southern States Bancshares in the first quarter valued at $59,000. Finally, Wells Fargo & Company MN grew its holdings in Southern States Bancshares by 6,525.6% in the second quarter. Wells Fargo & Company MN now owns 2,849 shares of the company’s stock valued at $60,000 after purchasing an additional 2,806 shares during the last quarter. Institutional investors and hedge funds own 58.73% of the company’s stock.

About Southern States Bancshares

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.