Southern States Bancshares (SSBK) Stock Price, News & Analysis

Company Overview

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. It offers real estate loan products, including loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer installment loans, overdrafts, and other revolving credit loans. In addition, it offers online and mobile banking, and ATM services. Southern States Bancshares, Inc. was founded in 2007 and is headquartered in Anniston, Alabama.

Key Stats

• Today's Range: $35.73 to $36.48
• 50-Day Range: $28.70 to $37.55
• 52-Week Range: $22.13 to $37.86
• Volume: 18,044 shs
• Average Volume: 26,470 shs
• Market Capitalization: $360.32 million
• P/E Ratio: 10.27
• Dividend Yield: 0.99%
• Price Target: $35.50
• Consensus Rating: Buy

Southern States Bancshares Stock Analysis - MarketRank™

Southern States Bancshares scored higher than 38% of companies evaluated by MarketBeat, and ranked 773rd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Southern States Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Southern States Bancshares has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Southern States Bancshares is 10.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Southern States Bancshares is 10.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.12.

Price to Book Value per Share Ratio

Southern States Bancshares has a P/B Ratio of 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.69% of the float of Southern States Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Southern States Bancshares has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Southern States Bancshares has recently increased by 21.24%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Southern States Bancshares has a dividend yield of 1.00%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Southern States Bancshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Southern States Bancshares is 10.14%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.69% of the float of Southern States Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Southern States Bancshares has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Southern States Bancshares has recently increased by 21.24%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.19

News Sentiment

Southern States Bancshares has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Southern States Bancshares this week, compared to 1 article on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Southern States Bancshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $158,569.00 in company stock.

Percentage Held by Insiders

14.80% of the stock of Southern States Bancshares is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

58.73% of the stock of Southern States Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SSBK Stock Analysis - Frequently Asked Questions

How have SSBK shares performed this year?

Southern States Bancshares' stock was trading at $29.28 at the start of the year. Since then, SSBK stock has increased by 24.6% and is now trading at $36.47.
View the best growth stocks for 2024 here.

How were Southern States Bancshares' earnings last quarter?

Southern States Bancshares, Inc. (NASDAQ:SSBK) announced its quarterly earnings data on Monday, October, 21st. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.96 by $0.07. The firm earned $46.83 million during the quarter. Southern States Bancshares had a net margin of 19.33% and a trailing twelve-month return on equity of 14.11%.

When did Southern States Bancshares IPO?

Southern States Bancshares (SSBK) raised $40 million in an initial public offering on Thursday, August 12th 2021. The company issued 2,000,000 shares at a price of $19.00-$21.00 per share.

Who are Southern States Bancshares' major shareholders?

Top institutional investors of Southern States Bancshares include Banc Funds Co. LLC (8.04%), Geode Capital Management LLC (1.93%), Curi RMB Capital LLC (1.35%) and State Street Corp (1.06%). Insiders that own company stock include Jay F Pumroy, Lynn J Joyce and Brent O Hitson.
View institutional ownership trends.

How do I buy shares of Southern States Bancshares?

Shares of SSBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Southern States Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Southern States Bancshares investors own include Invesco QQQ (QQQ), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF Trust (DIA), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 10/21/2024
• Ex-Dividend for 11/15 Dividend: 11/01/2024
• Dividend Payable: 11/15/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:SSBK
• CUSIP: N/A
• CIK: 1689731
• Web: southernstatesbank.net
• Phone: 256-241-1092
• Fax: N/A
• Employees: 181
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $35.50
• High Stock Price Target: $36.00
• Low Stock Price Target: $35.00
• Potential Upside/Downside: -2.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.55
• Trailing P/E Ratio: 10.27
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $31.95 million
• Net Margins: 19.33%
• Pretax Margin: 24.88%
• Return on Equity: 14.11%
• Return on Assets: 1.28%

Debt

• Debt-to-Equity Ratio: 0.45
• Current Ratio: 1.02
• Quick Ratio: 1.02

Sales & Book Value

• Annual Sales: $94.58 million
• Price / Sales: 3.81
• Cash Flow: $3.75 per share
• Price / Cash Flow: 9.73
• Book Value: $24.33 per share
• Price / Book: 1.50

Miscellaneous

• Outstanding Shares: 9,885,000
• Free Float: 9,183,000
• Market Cap: $360.51 million
• Optionable: Not Optionable
• Beta: 0.21