Southern States Bancshares Inc (NASDAQ: SSBK) has a higher price-to-earnings ratio of 9.75x compared to its average ratio, The 36-month beta value for SSBK is at 0.33. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SSBK is 7.55M, and currently, shorts hold a 0.67% of that float. The average trading volume for SSBK on April 01, 2025 was 17.77K shares.
SSBK) stock’s latest price update
Southern States Bancshares Inc (NASDAQ: SSBK) has experienced a rise in its stock price by 10.03 compared to its previous closing price of 32.49. However, the company has seen a gain of 10.48% in its stock price over the last five trading days. prnewswire.com reported 2025-03-31 that NEW YORK, March 31, 2025 /PRNewswire/ — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Southern States Bancshares, Inc. (NASDAQ: SSBK ), relating to the proposed merger with FB Financial Corporation.
SSBK’s Market Performance
Southern States Bancshares Inc (SSBK) has experienced a 10.48% rise in stock performance for the past week, with a 10.07% rise in the past month, and a 4.08% rise in the past quarter. The volatility ratio for the week is 2.91%, and the volatility levels for the past 30 days are at 2.66% for SSBK. The simple moving average for the past 20 days is 10.86% for SSBK’s stock, with a 12.61% simple moving average for the past 200 days.
Analysts’ Opinion of SSBK
Many brokerage firms have already submitted their reports for SSBK stocks, with Hovde Group repeating the rating for SSBK by listing it as a “Outperform.” The predicted price for SSBK in the upcoming period, according to Hovde Group is $35 based on the research report published on October 22, 2024 of the previous year 2024.
Keefe Bruyette gave a rating of “Outperform” to SSBK, setting the target price at $35 in the report published on March 15th of the previous year.
SSBK Trading at 9.53% from the 50-Day Moving Average
After a stumble in the market that brought SSBK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.71% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares surge +10.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.97% upper at present.
During the last 5 trading sessions, SSBK rose by +10.48%, which changed the moving average for the period of 200-days by +37.24% in comparison to the 20-day moving average, which settled at $32.25. In addition, Southern States Bancshares Inc saw 7.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SSBK starting from Hitson Brent O., who sale 2,000 shares at the price of $31.17 back on Aug 30 ’24. After this action, Hitson Brent O. now owns 21,753 shares of Southern States Bancshares Inc, valued at $62,340 using the latest closing price.
Pumroy Jay F., the Director of Southern States Bancshares Inc, sale 2,995 shares at $32.13 during a trade that took place back on Aug 26 ’24, which means that Pumroy Jay F. is holding 100,774 shares at $96,229 based on the most recent closing price.
Stock Fundamentals for SSBK
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.93 for the gross margin
The net margin for Southern States Bancshares Inc stands at 0.26. The total capital return value is set at 0.01. Equity return is now at value 14.09, with 1.32 for asset returns.
Based on Southern States Bancshares Inc (SSBK), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 0.44.
When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 13.49for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
In conclusion, Southern States Bancshares Inc (SSBK) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
