Southern States Bancshares, Inc. (SSBK)
Market Cap | 249.71M |
Revenue (ttm) | 65.98M |
Net Income (ttm) | 20.54M |
Shares Out | 8.71M |
EPS (ttm) | 2.25 |
PE Ratio | 12.76 |
Forward PE | n/a |
Dividend | $0.36 (1.26%) |
Ex-Dividend Date | Nov 2, 2022 |
Volume | 163 |
Open | 28.73 |
Previous Close | 28.68 |
Day's Range | 28.03 - 28.73 |
52-Week Range | 20.16 - 30.50 |
Beta | n/a |
Analysts | Sell |
Price Target | 29.58 (+3.14%) |
Earnings Date | Jan 23, 2023 |
About SSBK
Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. It offers various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. The company also provides real estate loan products, which include loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct co... [Read more]
Financial Performance
In 2021, SSBK's revenue was $60.73 million, an increase of 29.72% compared to the previous year's $46.82 million. Earnings were $18.57 million, an increase of 53.36%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for SSBK stock is "Sell." The 12-month stock price forecast is $29.58, which is an increase of 3.14% from the latest price.
News

Southern States Bancshares, Inc. (SSBK) Surpasses Q4 Earnings and Revenue Estimates
Southern States Bancshares, Inc. (SSBK) delivered earnings and revenue surprises of 12.50% and 23.72%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead f...

Southern States Bancshares, Inc. Announces Fourth Quarter 2022 Financial Results
Fourth Quarter 2022 Performance and Operational Highlights

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share
ANNISTON, Ala., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commerci...

Can Southern States Bancshares, Inc. (SSBK) Run Higher on Rising Earnings Estimates?
Southern States Bancshares, Inc. (SSBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Southern States Bancshares, Inc. Announces Completion of $40 Million Subordinated Notes Offering
ANNISTON, Ala., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States" or the “Company"), the holding company for Southern States Bank, an Alabama state-c...

Southern States Bancshares, Inc. (SSBK) Surpasses Q3 Earnings and Revenue Estimates
Southern States Bancshares, Inc. (SSBK) delivered earnings and revenue surprises of 20.31% and 12.90%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead ...

Southern States Bancshares, Inc. Announces Third Quarter 2022 Financial Results
Third Quarter 2022 Highlights

Will Southern States Bancshares, Inc. (SSBK) Gain on Rising Earnings Estimates?
Southern States Bancshares, Inc. (SSBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Southern States Bancshares, Inc. (SSBK) Surpasses Q2 Earnings and Revenue Estimates
Southern States Bancshares, Inc. (SSBK) delivered earnings and revenue surprises of 15.69% and 5.77%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for th...

Southern States Bancshares, Inc. Announces Second Quarter 2022 Financial Results
Second Quarter 2022 Highlights

Southern States Bancshares, Inc. Announces Extension of Exchange Offer for 3.50% Fixed-to-Floating Rate Subordinated Notes due 2032
ANNISTON, Ala., June 22, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”) announced today that it has extended its registered exchange offe...

Southern States Bancshares, Inc. (SSBK) Moves to Strong Buy: Rationale Behind the Upgrade
Southern States Bancshares, Inc. (SSBK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the ...

First Bank of Alabama to Acquire Branches from Southern States Bank
TALLADEGA, Ala. and ANNISTON, Ala., May 23, 2022 (GLOBE NEWSWIRE) -- Talladega-based First Bank of Alabama (“FBA”), subsidiary of FirstBanc of Alabama, Inc. and Anniston-based Southern States Bank (“S...

Southern States Bancshares, Inc. Announces First Quarter 2022 Financial Results
First Quarter 2022 Highlights

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 per Share
ANNISTON, Ala., April 20, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commerc...

Southern States Bancshares, Inc. Announces Appointment of Mark Chambers as Director and CEO of Southern States Bank
ANNISTON, Ala., March 16, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-...

Southern States Bancshares, Inc. Announces $10.0 million Stock Repurchase Program
ANNISTON, Ala., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-c...

Southern States Bancshares, Inc. Announces Completion of $48 Million Subordinated Notes Offering
ANNISTON, Ala., Feb. 07, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commerci...

Southern States Bancshares, Inc. Announces Fourth Quarter 2021 Financial Results
Fourth Quarter 2021 Highlights

Southern States Bancshares, Inc. Announces Third Quarter 2021 Financial Results
Third Quarter 2021 Highlights

5 Stocks With High Insider Buys Over Past 2 Months
According to the Insider Cluster Buys page, a Premium feature of GuruFocus, five stocks with high insider buys over the past two months are Orange County Bancorp Inc. ( OBT , Financial), FS KKR Capita...

Southern States Bancshares Announces Exercise and Closing of Over-Allotment Option for Initial Public Offering
ANNISTON, Ala., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commerci...

Southern States Bancshares Announces Closing of Initial Public Offering
ANNISTON, Ala., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commerc...

Southern States Bancshares Announces Pricing of Initial Public Offering
ANNISTON, Ala., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “B...

Southern States Bancshares Announces Launch of Initial Public Offering
ANNISTON, Ala., July 30, 2021 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (“Southern States”), the holding company for Southern States Bank, an Alabama state-charted commercial bank (the “Ban...