29,325 Shares in Southern States Bancshares, Inc. (NASDAQ:SSBK) Purchased by Marietta Wealth Management LLC

Marietta Wealth Management LLC purchased a new stake in Southern States Bancshares, Inc. (NASDAQ:SSBK - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 29,325 shares of the company's stock, valued at approximately $977,000. Marietta Wealth Management LLC owned about 0.30% of Southern States Bancshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in Southern States Bancshares by 1.6% during the 3rd 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 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 period. Dimensional Fund Advisors LP grew its holdings in shares of Southern States Bancshares by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 50,521 shares of the company's stock worth $1,371,000 after acquiring an additional 9,244 shares during the last quarter. JPMorgan Chase & Co. raised its position in Southern States Bancshares by 206.4% during the third quarter. JPMorgan Chase & Co. now owns 21,883 shares of the company's stock valued at $672,000 after buying an additional 14,740 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Southern States Bancshares by 88.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,637 shares of the company's stock valued at $665,000 after purchasing an additional 10,135 shares in the last quarter. Institutional investors and hedge funds own 58.73% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lowered their price target on Southern States Bancshares from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, October 22nd.

Southern States Bancshares Stock Performance

SSBK traded up $0.07 during trading on Wednesday, reaching $32.95. 3,554 shares of the company's stock were exchanged, compared to its average volume of 24,023. Southern States Bancshares, Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $39.16. The company has a market capitalization of $325.55 million, a P/E ratio of 8.96 and a beta of 0.33. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $34.24 and a 200 day moving average price of $32.50.

Southern States Bancshares (NASDAQ:SSBK - Get Free Report) last released 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.09 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.36 annualized dividend and a yield of 1.09%. 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.