Southern States Bancshares (SSBK) Set to Announce Earnings on Saturday

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

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

Southern States Bancshares Price Performance

Shares of SSBK stock opened at $23.76 on Friday. Southern States Bancshares has a 1 year low of $19.61 and a 1 year high of $30.74. The firm’s 50 day moving average is $24.94 and its 200-day moving average is $25.43. The firm has a market capitalization of $210.99 million, a price-to-earnings ratio of 6.69 and a beta of 0.14. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SSBK. UBS Group AG grew its position in shares of Southern States Bancshares by 77.6% in the 3rd quarter. UBS Group AG now owns 1,069 shares of the company’s stock valued at $29,000 after acquiring an additional 467 shares during the period. Stifel Financial Corp grew its holdings in Southern States Bancshares by 0.9% during the fourth quarter. Stifel Financial Corp now owns 52,034 shares of the company’s stock worth $1,524,000 after purchasing an additional 485 shares during the period. Citigroup Inc. increased its position in Southern States Bancshares by 12.5% during the first quarter. Citigroup Inc. now owns 5,132 shares of the company’s stock worth $116,000 after buying an additional 569 shares during the last quarter. Waverly Advisors LLC increased its position in Southern States Bancshares by 0.9% during the first quarter. Waverly Advisors LLC now owns 104,012 shares of the company’s stock worth $2,345,000 after buying an additional 884 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Southern States Bancshares by 1.6% in the first quarter. BlackRock Inc. now owns 62,275 shares of the company’s stock valued at $1,404,000 after buying an additional 1,005 shares during the period. Institutional investors own 58.73% of the company’s stock.

Analysts Set New Price Targets

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

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.