Streetbeat News

SSBK

Southern States Bancshares, Inc.

https://southernstatesbank.net

Industry

Banks - Regional

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. The company also provides real estate loan products, which include loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer installment loans, overdrafts, and other revolving credit loans. In addition, it offers online and mobile banking, and ATM services. The company operates 15 offices in Alabama and Georgia, as well as a loan production office in Atlanta, Georgia. Southern States Bancshares, Inc. was founded in 2007 and is headquartered in Anniston, Alabama.

Open

35.71

Mkt cap

311M

Volume

30K

High

36.31

P/E Ratio

9.93

52-wk high

37.86

Low

34.62

Div yield

0.01

52-wk low

22.13

Keefe, Bruyette & Woods analyst Catherine Mealor maintains a Market Perform rating on Southern States (NASDAQ:SSBK) and increases the price target from $30 to $32.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:25 pm

Southern States (NASDAQ:SSBK) reported Q4 earnings with an EPS of $0.81, missing estimates by 6.9% and a revenue decline of $1.97 million from the previous year. In the last quarter, SSBK beat EPS estimates which resulted in a slight stock price increase.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 1:45 pm

Southern States (NASDAQ:SSBK) reported Q4 adjusted EPS of $0.81, missing the consensus estimate of $0.87 by 6.9%, and a 10% decrease from $0.90 last year. Sales were $23.52M, exceeding the $21.40M estimate by 9.92%, but down 7.71% from $25.49M in the prior year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:04 pm

Southern States Bancshares has announced the renewal of its stock repurchase program, with plans to repurchase up to $10 million of its outstanding common stock. The program reflects the company's commitment to delivering value to its shareholders and its confidence in the long-term prospects of the bank.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:07 pm

Southern States (NASDAQ:SSBK) reported Q3 earnings of $1.06 per share, beating the analyst consensus estimate of $0.74 by 43.24%. This is a 37.66% increase from the same period last year. However, the company reported quarterly sales of $17.84 million, missing the analyst consensus estimate of $20.30 million by 12.13%. This is a 14.14% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:36 am

Southern States (NASDAQ:SSBK) has announced a quarterly dividend of 9 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on August 17, 2023.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:46 pm

Keefe, Bruyette & Woods analyst Catherine Mealor maintains a 'Market Perform' rating on Southern States (NASDAQ:SSBK) and raises the price target from $25 to $26.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 1:36 pm

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Portfolio Pulse from Benzinga Insights

June 05, 2023 | 4:23 pm

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