Southern States Bancshares (NASDAQ:SSBK – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.07), Yahoo Finance reports. The company had revenue of $46.83 million during the quarter. Southern States Bancshares had a net margin of 20.68% and a return on equity of 15.64%.
Southern States Bancshares Price Performance
Shares of Southern States Bancshares stock opened at $30.40 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $270.80 million, a price-to-earnings ratio of 8.44 and a beta of 0.21. Southern States Bancshares has a twelve month low of $22.06 and a twelve month high of $34.72. The company has a 50-day simple moving average of $30.36 and a two-hundred day simple moving average of $28.13.
Southern States Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.09 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.36 annualized dividend and a dividend yield of 1.18%. Southern States Bancshares’s dividend payout ratio (DPR) is presently 10.00%.
Insiders Place Their Bets
Wall Street Analyst Weigh In
A number of research analysts recently commented on SSBK shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $36.00 price target (up previously from $35.00) on shares of Southern States Bancshares in a research note on Tuesday, July 23rd. Hovde Group reduced their price objective on Southern States Bancshares from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday.
View Our Latest Research Report on SSBK
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.
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