Southern States Bancshares (NASDAQ:SSBK) Posts Earnings Results

Southern States Bancshares (NASDAQ:SSBK) issued its quarterly earnings data on Tuesday. The company reported $1.04 earnings per share for the quarter, Zacks reports. Southern States Bancshares had a return on equity of 14.11% and a net margin of 19.33%.

Southern States Bancshares Trading Up 2.1 %

Southern States Bancshares stock opened at $34.11 on Tuesday. Southern States Bancshares has a one year low of $22.13 and a one year high of $39.16. The stock has a market cap of $337.01 million, a PE ratio of 9.61 and a beta of 0.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day moving average of $34.99 and a two-hundred day moving average of $32.11.

Southern States Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.36 annualized dividend and a yield of 1.06%. Southern States Bancshares’s dividend payout ratio (DPR) is 10.14%.

Analysts Set New Price Targets

Separately, Hovde Group decreased their price target on shares of Southern States Bancshares from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd.

Southern States Bancshares Company 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.