Southern States Bancshares, Inc. Plans Quarterly Dividend of $0.09 (NASDAQ:SSBK)

Southern States Bancshares, Inc. (NASDAQ:SSBK) declared a quarterly dividend on Thursday, April 17th, RTT News reports. Investors of record on Thursday, May 1st will be given a dividend of 0.09 per share on Monday, May 12th. This represents a $0.36 annualized dividend and a yield of 1.14%.

Southern States Bancshares has raised its dividend by an average of 58.7% annually over the last three years. Southern States Bancshares has a payout ratio of 8.5% meaning its dividend is sufficiently covered by earnings.

Southern States Bancshares Stock Up 0.8 %

SSBK opened at $31.58 on Friday. The stock has a market capitalization of $313.34 million, a price-to-earnings ratio of 8.60 and a beta of 0.27. Southern States Bancshares has a 12 month low of $23.52 and a 12 month high of $39.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $32.33 and a two-hundred day moving average of $33.14.

Southern States Bancshares (NASDAQ:SSBK) last announced 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 net margin of 19.68% and a return on equity of 15.04%.

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.