EAM Investors LLC Takes $671,000 Position in Southern States Bancshares, Inc. (NASDAQ:SSBK)

EAM Investors LLC acquired a new position in Southern States Bancshares, Inc. (NASDAQ:SSBK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,143 shares of the company's stock, valued at approximately $671,000. EAM Investors LLC owned 0.20% of Southern States Bancshares as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Southern States Bancshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 172,073 shares of the company's stock worth $5,288,000 after buying an additional 2,717 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Southern States Bancshares by 206.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,883 shares of the company's stock valued at $672,000 after acquiring an additional 14,740 shares during the last quarter. Barclays PLC grew its holdings in shares of Southern States Bancshares by 292.5% in the third quarter. Barclays PLC now owns 11,818 shares of the company's stock valued at $363,000 after purchasing an additional 8,807 shares in the last quarter. Empowered Funds LLC increased its position in Southern States Bancshares by 5.2% in the fourth quarter. Empowered Funds LLC now owns 7,123 shares of the company's stock worth $237,000 after purchasing an additional 355 shares during the last quarter. Finally, Marietta Wealth Management LLC bought a new position in Southern States Bancshares during the fourth quarter valued at $977,000. Institutional investors own 58.73% of the company's stock.

Southern States Bancshares Price Performance

Shares of NASDAQ:SSBK traded up $0.71 on Wednesday, reaching $32.73. The company's stock had a trading volume of 6,832 shares, compared to its average volume of 22,484. The company has a 50-day simple moving average of $32.28 and a 200 day simple moving average of $33.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $324.75 million, a P/E ratio of 8.92 and a beta of 0.27. Southern States Bancshares, Inc. has a 52-week low of $23.52 and a 52-week high of $39.16.

Southern States Bancshares (NASDAQ:SSBK - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $26.51 million for the quarter, compared to analysts' expectations of $26.80 million. Southern States Bancshares had a return on equity of 15.04% and a net margin of 19.68%.

Southern States Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Thursday, May 1st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, May 1st. Southern States Bancshares's dividend payout ratio is currently 9.81%.

Southern States Bancshares 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.