EAM Investors LLC Purchases New Position in Southern States Bancshares, Inc. (NASDAQ:SSBK)

EAM Investors LLC acquired a new position in Southern States Bancshares, Inc. (NASDAQ:SSBK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,143 shares of the company’s stock, valued at approximately $671,000.

A number of other hedge funds have also bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Southern States Bancshares in the fourth quarter worth $115,000. Wells Fargo & Company MN boosted its stake in Southern States Bancshares by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 4,892 shares of the company’s stock worth $163,000 after purchasing an additional 1,067 shares during the period. Empowered Funds LLC grew its holdings in Southern States Bancshares by 5.2% during the 4th quarter. Empowered Funds LLC now owns 7,123 shares of the company’s stock valued at $237,000 after buying an additional 355 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Southern States Bancshares by 3,572.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,418 shares of the company’s stock valued at $247,000 after buying an additional 7,216 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Southern States Bancshares by 3.9% in the fourth quarter. Rhumbline Advisers now owns 8,779 shares of the company’s stock worth $292,000 after buying an additional 328 shares in the last quarter. 58.73% of the stock is currently owned by hedge funds and other institutional investors.

Southern States Bancshares Price Performance

Shares of NASDAQ:SSBK opened at $31.58 on Friday. The company has a 50 day moving average of $32.36 and a 200 day moving average of $33.13. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock has a market cap of $313.34 million, a P/E ratio of 8.60 and a beta of 0.27. Southern States Bancshares, Inc. has a 12 month low of $23.52 and a 12 month high of $39.16.

Southern States Bancshares (NASDAQ:SSBK) last released its quarterly earnings results on Tuesday, January 21st. The company reported $1.04 EPS for the quarter. Southern States Bancshares had a net margin of 19.68% and a return on equity of 15.04%.

Southern States Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.14%. Southern States Bancshares’s payout ratio is 9.81%.

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.