Southern States Bancshares, Inc. (SSBK)

NASDAQ: SSBK · IEX Real-Time Price · USD
28.68
0.00 (0.00%)
At close: Jan 31, 2023, 12:00 AM
28.49
-0.19 (-0.66%)
After-hours: Jan 31, 2023, 4:00 PM EST
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]

Sector Financials
IPO Date Aug 12, 2021
Employees 196
Stock Exchange NASDAQ
Ticker Symbol SSBK
Full Company Profile

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 Statements

Analyst 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.

Price Target
$29.58
(3.14% upside)
Analyst Consensus: Sell
Stock Forecasts

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...

1 week ago - Zacks Investment Research

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

Fourth Quarter 2022 Performance and Operational Highlights

1 week ago - GlobeNewsWire

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...

1 week ago - GlobeNewsWire

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.

3 months ago - Zacks Investment Research

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...

3 months ago - GlobeNewsWire

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 ...

3 months ago - Zacks Investment Research

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

Third Quarter 2022 Highlights

3 months ago - GlobeNewsWire

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.

6 months ago - Zacks Investment Research

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...

6 months ago - Zacks Investment Research

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

Second Quarter 2022 Highlights

6 months 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...

7 months ago - GlobeNewsWire

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 ...

8 months ago - Zacks Investment Research

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...

9 months ago - GlobeNewsWire

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

First Quarter 2022 Highlights

10 months 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...

10 months 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-...

11 months 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...

1 year 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...

1 year ago - GlobeNewsWire

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

Fourth Quarter 2021 Highlights

1 year ago - GlobeNewsWire

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

Third Quarter 2021 Highlights

1 year 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
1 year 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...

1 year 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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire