Southern States Bancshares, Inc. (NASDAQ:SSBK) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in Southern States Bancshares, Inc. (NASDAQ:SSBK) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,123 shares of the company’s stock after acquiring an additional 355 shares during the period. Empowered Funds LLC’s holdings in Southern States Bancshares were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Southern States Bancshares in the 4th quarter valued at about $115,000. Quadrature Capital Ltd purchased a new position in shares of Southern States Bancshares during the 3rd quarter worth about $221,000. OneAscent Wealth Management LLC purchased a new position in shares of Southern States Bancshares during the 3rd quarter worth about $236,000. GSA Capital Partners LLP purchased a new position in shares of Southern States Bancshares during the 3rd quarter worth about $276,000. Finally, RFG Advisory LLC purchased a new position in shares of Southern States Bancshares during the 4th quarter worth about $334,000. 58.73% of the stock is currently owned by hedge funds and other institutional investors.

Southern States Bancshares Trading Down 2.9 %

Shares of SSBK stock opened at $31.65 on Friday. The firm has a market cap of $312.70 million, a P/E ratio of 8.62 and a beta of 0.33. Southern States Bancshares, Inc. has a 1-year low of $22.13 and a 1-year 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 firm’s 50-day simple moving average is $33.29 and its 200-day simple moving average is $32.57.

Southern States Bancshares (NASDAQ:SSBK) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $1.04 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.09 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.14%. Southern States Bancshares’s dividend payout ratio is currently 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.