Southern States Bancshares, Inc. (NASDAQ:SSBK) Declares Quarterly Dividend of $0.09

Southern States Bancshares, Inc. (NASDAQ:SSBK) declared a quarterly dividend on Thursday, April 17th, RTT News reports. Shareholders of record on Thursday, May 1st will be given a dividend of 0.09 per share on Monday, May 12th. This represents a $0.36 dividend on an annualized basis and a yield of 1.15%.

Southern States Bancshares has increased its dividend payment by an average of 58.7% annually over the last three years. Southern States Bancshares has a dividend payout ratio of 8.5% indicating that its dividend is sufficiently covered by earnings.

Southern States Bancshares Stock Up 0.5 %

Shares of NASDAQ:SSBK opened at $31.34 on Thursday. The company’s fifty day moving average is $32.40 and its two-hundred day moving average is $33.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. Southern States Bancshares has a 1-year low of $23.25 and a 1-year high of $39.16. The stock has a market capitalization of $310.96 million, a price-to-earnings ratio of 8.54 and a beta of 0.27.

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

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.