10,476 Shares in Southern States Bancshares, Inc. (NASDAQ:SSBK) Acquired by Fourthstone LLC

Fourthstone LLC purchased a new position in Southern States Bancshares, Inc. (NASDAQ:SSBK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,476 shares of the company's stock, valued at approximately $349,000. Fourthstone LLC owned approximately 0.11% of Southern States Bancshares as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SSBK. State Street Corp lifted its position in shares of Southern States Bancshares by 3.2% in the 3rd quarter. State Street Corp now owns 94,195 shares of the company's stock worth $2,895,000 after buying an additional 2,902 shares during the last quarter. Barclays PLC grew its position in Southern States Bancshares by 292.5% in the 3rd quarter. Barclays PLC now owns 11,818 shares of the company's stock worth $363,000 after purchasing an additional 8,807 shares during the last quarter. Geode Capital Management LLC increased its position in Southern States Bancshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 172,073 shares of the company's stock valued at $5,288,000 after acquiring an additional 2,717 shares during the period. JPMorgan Chase & Co. raised its stake in 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 in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Southern States Bancshares in the fourth quarter worth $115,000. Institutional investors and hedge funds own 58.73% of the company's stock.

Southern States Bancshares Price Performance

SSBK stock traded up $0.85 during trading on Tuesday, hitting $31.92. The company had a trading volume of 5,971 shares, compared to its average volume of 22,222. The firm has a market capitalization of $316.66 million, a price-to-earnings ratio of 8.71 and a beta of 0.27. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $32.30 and a 200 day moving average of $33.22. Southern States Bancshares, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $39.16.

Southern States Bancshares (NASDAQ:SSBK - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The company reported $1.03 earnings per share (EPS) for the quarter, beating 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Thursday, May 1st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, May 1st. Southern States Bancshares's payout ratio is 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.