Southern States Bancshares (SSBK) Scheduled to Post Earnings on Saturday

Southern States Bancshares (NASDAQ:SSBK) is scheduled to be posting its quarterly earnings results on Saturday, April 20th.

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

Southern States Bancshares Trading Up 1.7 %

Shares of NASDAQ:SSBK opened at $23.76 on Friday. The company’s 50-day moving average price is $24.94 and its two-hundred day moving average price is $25.43. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.05 and a quick ratio of 1.05. Southern States Bancshares has a one year low of $19.61 and a one year high of $30.74. The stock has a market capitalization of $210.99 million, a PE ratio of 6.69 and a beta of 0.14.

Analyst Upgrades and Downgrades

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

Institutional Trading of Southern States Bancshares

Large investors have recently made changes to their positions in the company. Man Group plc acquired a new stake in shares of Southern States Bancshares during the 4th quarter worth approximately $211,000. Morgan Stanley lifted its stake in Southern States Bancshares by 437.4% in the 4th quarter. Morgan Stanley now owns 7,179 shares of the company’s stock valued at $208,000 after purchasing an additional 5,843 shares during the last quarter. Citigroup Inc. lifted its stake in Southern States Bancshares by 310.0% in the 4th quarter. Citigroup Inc. now owns 4,563 shares of the company’s stock valued at $132,000 after purchasing an additional 3,450 shares during the last quarter. Bank of America Corp DE lifted its stake in Southern States Bancshares by 57,575.0% in the 1st quarter. Bank of America Corp DE now owns 4,614 shares of the company’s stock valued at $104,000 after purchasing an additional 4,606 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new position in Southern States Bancshares in the 2nd quarter valued at approximately $90,000. Institutional investors and hedge funds own 58.73% of the company’s stock.

About Southern States Bancshares

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.