Connor Clark & Lunn Investment Management Ltd. Boosts Position in Southern States Bancshares, Inc. (NASDAQ:SSBK)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Southern States Bancshares, Inc. (NASDAQ:SSBK - Free Report) by 54.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,426 shares of the company's stock after buying an additional 11,789 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.34% of Southern States Bancshares worth $1,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Southern States Bancshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 172,073 shares of the company's stock worth $5,288,000 after acquiring an additional 2,717 shares during the last quarter. State Street Corp increased its position in shares of Southern States Bancshares by 3.2% during the 3rd quarter. State Street Corp now owns 94,195 shares of the company's stock valued at $2,895,000 after purchasing an additional 2,902 shares during the last quarter. Keystone Financial Group Inc. bought a new position in shares of Southern States Bancshares during the 4th quarter valued at approximately $1,994,000. Bank of New York Mellon Corp raised its holdings in Southern States Bancshares by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 36,689 shares of the company's stock valued at $1,222,000 after buying an additional 2,592 shares during the period. Finally, Marietta Wealth Management LLC bought a new stake in Southern States Bancshares in the fourth quarter worth $977,000. 58.73% of the stock is currently owned by hedge funds and other institutional investors.

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Southern States Bancshares Trading Down 0.6 %

NASDAQ SSBK traded down $0.20 on Monday, hitting $32.36. 9,785 shares of the stock were exchanged, compared to its average volume of 17,963. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. Southern States Bancshares, Inc. has a 52-week low of $22.13 and a 52-week high of $39.16. The firm has a market capitalization of $321.08 million, a P/E ratio of 8.82 and a beta of 0.34. The stock has a fifty day moving average price of $32.68 and a two-hundred day moving average price of $32.86.

Southern States Bancshares (NASDAQ:SSBK - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The company reported $1.04 EPS for the quarter. Southern States Bancshares had a net margin of 19.68% and a return on equity of 15.04%.

Southern States Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, February 3rd. 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.