Southern States Bancshares (NASDAQ:SSBK – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.07), Yahoo Finance reports. Southern States Bancshares had a net margin of 19.33% and a return on equity of 14.88%. The company had revenue of $46.83 million during the quarter.
Southern States Bancshares Stock Up 0.6 %
Shares of SSBK stock opened at $30.59 on Thursday. Southern States Bancshares has a fifty-two week low of $22.13 and a fifty-two week high of $34.72. The firm has a market capitalization of $272.86 million, a PE ratio of 8.62 and a beta of 0.21. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $30.38 and its 200-day simple moving average is $28.15.
Southern States Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.09 per share. The ex-dividend date is Friday, November 1st. This represents a $0.36 dividend on an annualized basis and a yield of 1.18%. Southern States Bancshares’s dividend payout ratio is currently 10.14%.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
SSBK has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $36.00 target price (up previously from $35.00) on shares of Southern States Bancshares in a research report on Tuesday, July 23rd. Hovde Group reduced their price objective on shares of Southern States Bancshares from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday.
Check Out Our Latest Research Report on Southern States Bancshares
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.
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