Southern States Bancshares (SSBK) to Release Earnings on Saturday

Southern States Bancshares (NASDAQ:SSBK) will be issuing its quarterly earnings data on Saturday, April 20th.

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

Southern States Bancshares Stock Up 1.7 %

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

Institutional Investors Weigh In On Southern States Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSBK. BlackRock Inc. grew its position in Southern States Bancshares by 473.8% during the 2nd quarter. BlackRock Inc. now owns 357,363 shares of the company’s stock worth $7,540,000 after purchasing an additional 295,088 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Southern States Bancshares by 353.5% during the 1st quarter. Vanguard Group Inc. now owns 202,679 shares of the company’s stock valued at $4,676,000 after acquiring an additional 157,987 shares in the last quarter. Fourthstone LLC grew its holdings in shares of Southern States Bancshares by 35.2% during the 1st quarter. Fourthstone LLC now owns 489,395 shares of the company’s stock valued at $11,290,000 after acquiring an additional 127,295 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of Southern States Bancshares by 506.6% during the 4th quarter. Waverly Advisors LLC now owns 103,128 shares of the company’s stock valued at $2,986,000 after acquiring an additional 86,128 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Southern States Bancshares by 132.2% during the 2nd quarter. Geode Capital Management LLC now owns 134,882 shares of the company’s stock valued at $2,846,000 after acquiring an additional 76,804 shares in the last quarter. Institutional investors own 58.73% of the company’s stock.

Wall Street Analyst Weigh In

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

Southern States Bancshares Company Profile

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.