Southern States Bancshares, Inc. (NASDAQ:SSBK) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Southern States Bancshares, Inc. (NASDAQ:SSBK) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,689 shares of the company’s stock after acquiring an additional 2,592 shares during the quarter. Bank of New York Mellon Corp’s holdings in Southern States Bancshares were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of SSBK. Rhumbline Advisers raised its holdings in shares of Southern States Bancshares by 3.9% in the 4th quarter. Rhumbline Advisers now owns 8,779 shares of the company’s stock worth $292,000 after purchasing an additional 328 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Southern States Bancshares by 3,572.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,418 shares of the company’s stock worth $247,000 after buying an additional 7,216 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Southern States Bancshares by 5.2% in the fourth quarter. Empowered Funds LLC now owns 7,123 shares of the company’s stock valued at $237,000 after buying an additional 355 shares in the last quarter. Keystone Financial Group Inc. acquired a new stake in shares of Southern States Bancshares during the 4th quarter valued at $1,994,000. Finally, Marietta Wealth Management LLC bought a new stake in shares of Southern States Bancshares during the 4th quarter worth $977,000. 58.73% of the stock is owned by institutional investors and hedge funds.

Southern States Bancshares Stock Down 0.6 %

Shares of Southern States Bancshares stock opened at $32.36 on Tuesday. Southern States Bancshares, Inc. has a 12-month low of $22.13 and a 12-month high of $39.16. The firm has a market capitalization of $321.08 million, a PE ratio of 8.82 and a beta of 0.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $32.68 and its 200-day moving average is $32.87.

Southern States Bancshares (NASDAQ:SSBK) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $1.04 earnings per share (EPS) for the quarter. Southern States Bancshares had a return on equity of 15.04% and a net margin of 19.68%.

Southern States Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, February 3rd. Southern States Bancshares’s dividend payout ratio is 9.81%.

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.