SG Americas Securities LLC Invests $121,000 in Southern States Bancshares, Inc. (NASDAQ:SSBK)

SG Americas Securities LLC bought a new position in Southern States Bancshares, Inc. (NASDAQ:SSBK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,147 shares of the company’s stock, valued at approximately $121,000.

Other large investors have also made changes to their positions in the company. UBS Group AG grew its holdings in shares of Southern States Bancshares by 77.6% in the 3rd quarter. UBS Group AG now owns 1,069 shares of the company’s stock worth $29,000 after purchasing an additional 467 shares during the last quarter. Barclays PLC acquired a new position in Southern States Bancshares during the 2nd quarter worth about $32,000. Concourse Financial Group Securities Inc. lifted its position in Southern States Bancshares by 133.4% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,788 shares of the company’s stock worth $40,000 after buying an additional 1,022 shares in the last quarter. California State Teachers Retirement System acquired a new position in Southern States Bancshares during the 2nd quarter worth about $53,000. Finally, Acadian Asset Management LLC acquired a new position in Southern States Bancshares during the 1st quarter worth about $59,000. Institutional investors own 58.73% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upgraded shares of Southern States Bancshares from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $32.00 to $35.00 in a research report on Friday, March 15th.

Southern States Bancshares Stock Up 1.7 %

Shares of NASDAQ SSBK opened at $23.76 on Friday. The firm’s 50-day simple moving average is $24.94 and its 200 day simple moving average is $25.43. The company has a market cap of $210.99 million, a price-to-earnings ratio of 6.69 and a beta of 0.14. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.85. Southern States Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $30.74.

Southern States Bancshares (NASDAQ:SSBK) last issued its earnings results on Monday, January 22nd. The company reported $0.81 earnings per share (EPS) for the quarter. The company had revenue of $23.52 million for the quarter. Southern States Bancshares had a net margin of 22.64% and a return on equity of 15.52%.

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.