Southern States Bancshares, Inc. (SSBK)

NASDAQ: SSBK · IEX Real-Time Price · USD
23.92
-0.70 (-2.84%)
Feb 26, 2024, 4:00 PM EST - Market closed
-2.84%
Market Cap 211.49M
Revenue (ttm) 85.50M
Net Income (ttm) 33.65M
Shares Out 8.84M
EPS (ttm) 3.74
PE Ratio 6.40
Forward PE 6.98
Dividend $0.36 (1.51%)
Ex-Dividend Date Feb 1, 2024
Volume 5,757
Open 24.83
Previous Close 24.62
Day's Range 23.76 - 25.11
52-Week Range 19.61 - 30.74
Beta 0.17
Analysts Hold
Price Target 32.00 (+33.78%)
Earnings Date Jan 22, 2024

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, including loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consum... [Read more]

Sector Financials
IPO Date Aug 12, 2021
Employees 187
Stock Exchange NASDAQ
Ticker Symbol SSBK
Full Company Profile

Financial Performance

In 2022, SSBK's revenue was $74.41 million, an increase of 22.52% compared to the previous year's $60.73 million. Earnings were $27.07 million, an increase of 45.80%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for SSBK stock is "Hold" and the 12-month stock price forecast is $32.0.

Price Target
$32.0
(33.78% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Southern States Bancshares, Inc. Announces Fourth Quarter 2023 Financial Results

Fourth Quarter 2023 Performance and Operational Highlights Core net income (1) of $7.3 million, or $0.81 per diluted share (1) Net income of $8.9 million, or $0.99 per diluted share Net interest incom...

5 weeks ago - GlobeNewsWire

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share

ANNISTON, Ala., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commerci...

5 weeks ago - GlobeNewsWire

Southern States Bancshares, Inc. Announces Renewal of $10.0 Million Stock Repurchase Program

ANNISTON, Ala., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-c...

2 months ago - GlobeNewsWire

Southern States Bancshares, Inc. Announces Third Quarter 2023 Financial Results

Third Quarter 2023 Performance and Operational Highlights Core net income ( 1) of $9.6 million, or $1.06 per diluted share (1) Net income of $6.6 million, or $0.73 per diluted share Net interest incom...

4 months ago - GlobeNewsWire

Southern States Bancshares, Inc. Announces Second Quarter 2023 Financial Results

Second Quarter 2023 Performance and Operational Highlights Net income of $8.8 million, or $0.98 per diluted share Core net income (1) of $7.1 million, or $0.79 per diluted share (1)              Net i...

7 months ago - GlobeNewsWire

These banks have high exposure to loans secured by office properties — here's how their stocks have performed

Investors are right to be worried about declining values for office buildings. We appear to be at the start of a long transition for many cities, after the COVID-19 pandemic made clear that for many t...

10 months ago - Market Watch

Southern States Bancshares, Inc. Announces First Quarter 2023 Financial Results

First Quarter 2023 Performance and Operational Highlights Net income of $7.7 million, or $0.85 per diluted share Core net income(1) of $7.3 million, or $0.80 per diluted share(1) Net interest income o...

11 months ago - GlobeNewsWire

Southern States Bancshares, Inc. Announces Renewal of $10.0 million Stock Repurchase Program

ANNISTON, Ala., March 07, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-...

1 year ago - GlobeNewsWire

Southern States Bancshares, Inc. Announces Appointment of Three Directors, Deepening Board Experience in High-Growth Atlanta Region

ANNISTON, Ala., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-c...

1 year ago - GlobeNewsWire

Southern States Bancshares, Inc. Announces Fourth Quarter 2022 Financial Results

Fourth Quarter 2022 Performance and Operational Highlights

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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

Third Quarter 2022 Highlights

1 year ago - GlobeNewsWire

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

Second Quarter 2022 Highlights

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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

First Quarter 2022 Highlights

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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-...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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

Fourth Quarter 2021 Highlights

2 years ago - GlobeNewsWire

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

Third Quarter 2021 Highlights

2 years ago - GlobeNewsWire

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...

Other symbols: FSKGABCIMRXOBT
2 years ago - GuruFocus

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire