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

Southern States Bancshares (NASDAQ:SSBK) is set to issue its quarterly earnings data on Saturday, April 20th.

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

Southern States Bancshares Price Performance

NASDAQ SSBK opened at $23.76 on Friday. Southern States Bancshares has a 52 week low of $19.61 and a 52 week high of $30.74. The firm has a market capitalization of $210.99 million, a P/E 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. The company has a 50-day moving average price of $24.94 and a 200-day moving average price of $25.43.

Hedge Funds Weigh In On Southern States Bancshares

A number of institutional investors have recently modified their holdings of SSBK. UBS Group AG boosted its holdings in 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 buying an additional 467 shares during the last quarter. Barclays PLC acquired a new stake in Southern States Bancshares in the 2nd quarter worth about $32,000. California State Teachers Retirement System acquired a new stake in Southern States Bancshares in the 2nd quarter worth about $53,000. Acadian Asset Management LLC acquired a new stake in Southern States Bancshares in the 1st quarter worth about $59,000. Finally, Wells Fargo & Company MN boosted its holdings in Southern States Bancshares by 6,525.6% in the 2nd quarter. Wells Fargo & Company MN now owns 2,849 shares of the company’s stock worth $60,000 after buying an additional 2,806 shares during the last quarter. Hedge funds and other institutional investors own 58.73% of the company’s stock.

Wall Street Analyst Weigh In

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

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.