Southern States Bancshares (NASDAQ:SSBK - Get Free Report) announced its quarterly earnings results on Monday. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.05, Zacks reports. The business had revenue of $26.51 million during 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 Price Performance
Shares of NASDAQ SSBK traded down $0.46 during trading on Friday, reaching $32.88. The company had a trading volume of 26,324 shares, compared to its average volume of 22,843. 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 stock has a market capitalization of $326.24 million, a PE ratio of 8.96 and a beta of 0.27. Southern States Bancshares has a twelve month low of $23.67 and a twelve month high of $39.16. The stock has a 50-day moving average price of $32.30 and a two-hundred day moving average price of $33.23.
Southern States Bancshares Announces Dividend
The business 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 dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, May 1st. Southern States Bancshares's dividend payout ratio (DPR) is presently 9.81%.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods cut shares of Southern States Bancshares from a "moderate buy" rating to a "hold" rating in a research note on Tuesday.
Get Our Latest Stock Report on SSBK
About Southern States Bancshares
(
Get Free Report)
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.
Read More
Before you consider Southern States Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southern States Bancshares wasn't on the list.
While Southern States Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
