Southern States Bancshares (NASDAQ:SSBK) Announces Quarterly Earnings Results

Southern States Bancshares (NASDAQ:SSBK) posted its earnings results on Monday. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05, Zacks reports. Southern States Bancshares had a net margin of 19.68% and a return on equity of 15.04%.

Southern States Bancshares Stock Down 1.0 %

Shares of NASDAQ SSBK opened at $31.27 on Monday. The firm has a market cap of $310.26 million, a price-to-earnings ratio of 8.52 and a beta of 0.27. Southern States Bancshares has a 52-week low of $23.52 and a 52-week high of $39.16. The company’s 50-day simple moving average is $32.33 and its 200-day simple moving average is $33.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45.

Southern States Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Thursday, May 1st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 1st. Southern States Bancshares’s payout ratio is presently 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.