Southern States Bancshares (NASDAQ:SSBK – Get Rating) was downgraded by equities research analysts at Truist Financial from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports. The analysts noted that the move was a valuation call.
Southern States Bancshares Price Performance
Shares of NASDAQ:SSBK opened at $26.50 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.43. Southern States Bancshares has a twelve month low of $18.90 and a twelve month high of $28.05. The stock’s 50 day moving average is $23.70 and its 200-day moving average is $22.86. The firm has a market capitalization of $230.29 million and a price-to-earnings ratio of 12.56.
Southern States Bancshares (NASDAQ:SSBK – Get Rating) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. Southern States Bancshares had a return on equity of 10.68% and a net margin of 26.60%. Sell-side analysts forecast that Southern States Bancshares will post 2.44 EPS for the current fiscal year.
Institutional Trading of Southern States Bancshares
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. It offers various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits.
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