Southern States Bancshares, Inc. (NASDAQ:SSBK - Get Free Report) declared a quarterly dividend on Wednesday, April 16th, RTT News reports. Investors of record on Thursday, May 1st will be given a dividend of 0.09 per share on Monday, May 12th. This represents a $0.36 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, May 1st.
Southern States Bancshares has increased its dividend by an average of 58.7% per year over the last three years. Southern States Bancshares has a payout ratio of 8.5% meaning its dividend is sufficiently covered by earnings.
Southern States Bancshares Price Performance
Shares of NASDAQ:SSBK traded up $0.63 on Tuesday, hitting $31.70. The stock had a trading volume of 47,401 shares, compared to its average volume of 22,381. The company has a market capitalization of $314.49 million, a price-to-earnings ratio of 8.61 and a beta of 0.27. 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 has a twelve month low of $23.52 and a twelve month high of $39.16. The firm's 50 day moving average price is $32.30 and its 200-day moving average price is $33.22.
Southern States Bancshares (NASDAQ:SSBK - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $26.51 million during the quarter, compared to analysts' expectations of $26.80 million. Southern States Bancshares had a net margin of 19.68% and a return on equity of 15.04%.
Southern States Bancshares Company Profile
(
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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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