Southern States Bancshares (SSBK) Set to Announce Earnings on Saturday

Southern States Bancshares (NASDAQ:SSBK) is scheduled to be releasing its earnings data 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. The company had revenue of $23.52 million for the quarter. Southern States Bancshares had a return on equity of 15.52% and a net margin of 22.64%.

Southern States Bancshares Stock Performance

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

Institutional Investors Weigh In On Southern States Bancshares

Hedge funds have recently made changes to their positions in the stock. Man Group plc acquired a new stake in Southern States Bancshares during the 4th quarter worth approximately $211,000. Morgan Stanley raised its holdings in Southern States Bancshares by 437.4% during the 4th quarter. Morgan Stanley now owns 7,179 shares of the company’s stock worth $208,000 after purchasing an additional 5,843 shares during the last quarter. Citigroup Inc. raised its holdings in Southern States Bancshares by 310.0% during the 4th quarter. Citigroup Inc. now owns 4,563 shares of the company’s stock worth $132,000 after purchasing an additional 3,450 shares during the last quarter. Bank of America Corp DE raised its holdings in Southern States Bancshares by 57,575.0% during the 1st quarter. Bank of America Corp DE now owns 4,614 shares of the company’s stock worth $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 during the 2nd quarter worth approximately $90,000. 58.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised 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 research report on Friday, March 15th.

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.