NASDAQ
SSBK

Southern States Bancshares Inc

Banks-Regional
Financial Services

Prices are adjusted according to historical splits.

Southern States Bancshares Inc Stock Price

Vitals

Today's Low:
$22.37
Today's High:
$22.95
Open Price:
$22.6
52W Low:
$19.5396
52W High:
$30.7615
Prev. Close:
$22.49
Volume:
5543

Company Statistics

Market Cap.:
$204.66 million
Book Value:
22.572
Revenue TTM:
$87.55 million
Operating Margin TTM:
50.5%
Gross Profit TTM:
$74.41 million
Profit Margin:
38.52%
Return on Assets TTM:
1.61%
Return on Equity TTM:
18.47%

Company Profile

Southern States Bancshares Inc had its IPO on 2021-08-12 under the ticker symbol SSBK.

The company operates in the Financial Services sector and Banks-Regional industry. Southern States Bancshares Inc has a staff strength of 187 employees.

Stock update

Shares of Southern States Bancshares Inc opened at $22.6 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $22.37 - $22.95, and closed at $22.6.

This is a +0.49% increase from the previous day's closing price.

A total volume of 5,543 shares were traded at the close of the day’s session.

In the last one week, shares of Southern States Bancshares Inc have slipped by -2.46%.

Southern States Bancshares Inc's Key Ratios

Southern States Bancshares Inc has a market cap of $204.66 million, indicating a price to book ratio of 1.4339 and a price to sales ratio of 3.6687.

In the last 12-months Southern States Bancshares Inc’s revenue was $87.55 million with a gross profit of $74.41 million and an EBITDA of $0. The EBITDA ratio measures Southern States Bancshares Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Southern States Bancshares Inc’s operating margin was 50.5% while its return on assets stood at 1.61% with a return of equity of 18.47%.

In Q2, Southern States Bancshares Inc’s quarterly earnings growth was a positive 66.7% while revenue growth was a positive 50.2%.

Southern States Bancshares Inc’s PE and PEG Ratio

Forward PE
0
Trailing PE
6.1952
PEG

Its diluted EPS in the last 12-months stands at $3.74 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Southern States Bancshares Inc’s profitability.

Southern States Bancshares Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.6687.

Southern States Bancshares Inc stock pays annual dividends of $0.36 per share, indicating a yield of 1.57% and a payout ratio of 9.57%.

Balance sheet and cash flow metrics

Total Assets
$2.28 billion
Total Liabilities
$1.06 million
Operating Cash Flow
$-72253000.00
Capital Expenditure
$149000
Dividend Payout Ratio
9.57%

Southern States Bancshares Inc ended 2024 with $2.28 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.28 billion while shareholder equity stood at $197.25 million.

Southern States Bancshares Inc ended 2024 with $0 in deferred long-term liabilities, $1.06 million in other current liabilities, 43830000.00 in common stock, $88.60 million in retained earnings and $16.86 million in goodwill. Its cash balance stood at $181.12 million and cash and short-term investments were $344.19 million. The company’s total short-term debt was $0 while long-term debt stood at $131.47 million.

Southern States Bancshares Inc’s total current assets stands at $351.56 million while long-term investments were $186.48 million and short-term investments were $163.08 million. Its net receivables were $7.37 million compared to accounts payable of $1.06 million and inventory worth $0.

In 2024, Southern States Bancshares Inc's operating cash flow was $-72253000.00 while its capital expenditure stood at $149000.

Comparatively, Southern States Bancshares Inc paid $0.10 in dividends in 2024.

Other key metrics

Current Trading Price
$22.6
52-Week High
$30.7615
52-Week Low
$19.5396
Analyst Target Price
$28.5

Southern States Bancshares Inc stock is currently trading at $22.6 per share. It touched a 52-week high of $30.7615 and a 52-week low of $30.7615. Analysts tracking the stock have a 12-month average target price of $28.5.

Its 50-day moving average was $23.06 and 200-day moving average was $24.48 The short ratio stood at 4.42 indicating a short percent outstanding of 0%.

Around 2222.6% of the company’s stock are held by insiders while 5043.7% are held by institutions.

Frequently Asked Questions About Southern States Bancshares Inc

The stock symbol (also called stock or share ticker) of Southern States Bancshares Inc is SSBK

The IPO of Southern States Bancshares Inc took place on 2021-08-12

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About

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, including 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 was founded in 2007 and is headquartered in Anniston, Alabama.

Address

615 Quintard Avenue, Anniston, AL, United States, 36201