Bailard Inc. Purchases Shares of 13,575 Southern States Bancshares, Inc. (NASDAQ:SSBK)

Bailard Inc. bought a new position in shares of Southern States Bancshares, Inc. (NASDAQ:SSBK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,575 shares of the company’s stock, valued at approximately $452,000. Bailard Inc. owned about 0.14% of Southern States Bancshares at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Southern States Bancshares by 3.9% during the 4th quarter. Rhumbline Advisers now owns 8,779 shares of the company’s stock worth $292,000 after purchasing an additional 328 shares during the last quarter. Empowered Funds LLC increased its position in Southern States Bancshares by 5.2% in the 4th quarter. Empowered Funds LLC now owns 7,123 shares of the company’s stock worth $237,000 after buying an additional 355 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Southern States Bancshares by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 36,689 shares of the company’s stock worth $1,222,000 after buying an additional 2,592 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Southern States Bancshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 172,073 shares of the company’s stock valued at $5,288,000 after acquiring an additional 2,717 shares during the period. Finally, Martingale Asset Management L P grew its stake in shares of Southern States Bancshares by 17.5% in the third quarter. Martingale Asset Management L P now owns 18,900 shares of the company’s stock worth $581,000 after acquiring an additional 2,812 shares during the last quarter. 58.73% of the stock is currently owned by institutional investors.

Southern States Bancshares Trading Down 2.1 %

Shares of SSBK stock opened at $31.83 on Wednesday. The firm has a market capitalization of $314.64 million, a P/E ratio of 8.67 and a beta of 0.33. Southern States Bancshares, Inc. has a 1 year low of $22.13 and a 1 year high of $39.16. The firm’s fifty day simple moving average is $32.91 and its 200 day simple moving average is $32.77. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.

Southern States Bancshares (NASDAQ:SSBK) last announced its quarterly earnings data 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.09 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. Southern States Bancshares’s dividend payout ratio is currently 9.81%.

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.