| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/22/2024 | $36.00 → $35.00 | Outperform | Hovde Group |
| 9/9/2024 | Outperform | Hovde Group | |
| 3/15/2024 | $32.00 → $35.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 10/7/2022 | $27.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 9/9/2022 | $26.00 | Buy → Hold | Truist |
| 9/7/2021 | $24.00 | Outperform | Keefe Bruyette |
| 9/7/2021 | $23.00 | Buy | Truist Securities |
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
3 - Southern States Bancshares, Inc. (0001689731) (Issuer)
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
Hovde Group reiterated coverage of Southern States Bancshares with a rating of Outperform and set a new price target of $35.00 from $36.00 previously
Hovde Group initiated coverage of Southern States Bancshares with a rating of Outperform
Keefe Bruyette upgraded Southern States Bancshares from Mkt Perform to Outperform and set a new price target of $35.00 from $32.00 previously
Keefe Bruyette downgraded Southern States Bancshares from Outperform to Mkt Perform and set a new price target of $27.00
Truist downgraded Southern States Bancshares from Buy to Hold and set a new price target of $26.00
Keefe Bruyette initiated coverage of Southern States Bancshares with a rating of Outperform and set a new price target of $24.00
Truist Securities initiated coverage of Southern States with a rating of Buy and set a new price target of $23.00
SC 13G/A - Southern States Bancshares, Inc. (0001689731) (Subject)
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SC 13G/A - Southern States Bancshares, Inc. (0001689731) (Subject)
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SC 13G - Southern States Bancshares, Inc. (0001689731) (Subject)
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SC 13G/A - Southern States Bancshares, Inc. (0001689731) (Subject)
ANNISTON, Ala., March 21, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States" or the "Company"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced the retirement of Chief Operating Officer Jack Swift, effective May 31, 2024. Swift's retirement culminates 18 years of service at Southern States, during which he served five years as Senior Executive Vice President and COO. "On behalf of our Board of Directors and all of our Southern States colleagues, I congratulate Jack on the culmination of his 40-year banking career," said Mark Chambers, Chief Executive Officer and President. "He h
Mark Chambers, Current President, Appointed Chief Executive Officer J. Henry Smith, IV Named Chairman of Company and Bank Boards Chairman and CEO Stephen Whatley Retires After 16 Years at the Helm ANNISTON, Ala., May 01, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States" or the "Company"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced the appointment of Mark Chambers as Chief Executive Officer. He succeeds retiring Chief Executive Officer and Founder Stephen Whatley. The changes were effective April 28, 2023. Mr. Whatley, 71, also retired from his positions as Chairman of th
ANNISTON, Ala., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States" or the "Company"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced the appointment of three new directors, increasing the total number of independent directors to eight and the total number of directors to thirteen. Each new director also joined the Board of Southern States Bank. Jonathan Hinton, Christine Hunsaker and Andy Cummings collectively bring decades of business, finance and real estate experience to the Southern States Board of Directors, adding leadership depth as the Bank gains scale and deepe
ANNISTON, Ala., March 16, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States" or the "Company"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), and Stephen Whatley, Chairman and CEO of Southern States Bancshares, today announced the appointment of Mark Chambers to the board of directors of the Company and the Bank. In addition to continuing to serve as President of both the Company and the Bank, Mr. Chambers was appointed CEO of the Bank. Mr. Chambers has served as president of both Southern States and the Bank since 2019. From 2007 until 2019, he served as Senior Executive Vice President and Pr
Third Quarter 2024 Performance and Operational Highlights Net income of $7.4 million, or $0.76 per diluted shareCore net income(1) of $8.7 million, or $0.89 per diluted share(1)Core pretax pre-provision net income(1) of $13.8 millionNet interest income of $24.2 million, an increase of $2.7 million from the prior quarterNet interest margin ("NIM") of 3.65%, up 9 basis points from the prior quarterNIM of 3.66% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.05%; return on average stockholders' equity ("ROAE") of 11.89%; and return on average tangible common equity ("ROATCE")(1) of 13.35%Core ROAA(1) of 1.24%; and core ROATCE(1) of 15.74%Efficiency ra
ANNISTON, Ala., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on November 15, 2024 to shareholders of record as of November 1, 2024. About Southern States Bancshares, Inc. Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking insti
Second Quarter 2024 Performance and Operational Highlights Net income of $8.2 million, or $0.90 per diluted shareCore net income(1) of $9.1 million, or $1.00 per diluted share(1)Net interest income of $21.6 million, an increase of $740,000 from the prior quarterNet interest margin ("NIM") of 3.56%, down 3 basis points from the prior quarterNIM of 3.57% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.29%; return on average stockholders' equity ("ROAE") of 14.55%; and return on average tangible common equity ("ROATCE")(1) of 15.79%Core ROAA(1) of 1.43%; and core ROATCE(1) of 17.44%Efficiency ratio of 49.78%; and core efficiency ratio of 44.75%Linked-
ANNISTON, Ala., July 17, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on August 12, 2024 to shareholders of record as of July 31, 2024. About Southern States Bancshares, Inc.Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking institut
First Quarter 2024 Performance and Operational Highlights Net income of $8.1 million, or $0.90 per diluted shareCore net income(1) of $8.1 million, or $0.90 per diluted share(1)Net interest income of $20.8 million, an increase of $435,000 from the prior quarterNet interest margin ("NIM") of 3.59%, down 10 basis points from the prior quarterNIM of 3.60% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.33%; return on average stockholders' equity ("ROAE") of 14.87%; and return on average tangible common equity ("ROATCE")(1) of 16.17%Core ROAA(1) of 1.34%; and core ROATCE(1) of 16.19%Efficiency ratio of 46.90%Linked-quarter loan growth of 17.2% annualiz
ANNISTON, Ala., April 17, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on May 16, 2024 to shareholders of record as of May 3, 2024. About Southern States Bancshares, Inc.Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking institution, whi
Fourth Quarter 2023 Performance and Operational Highlights Core net income(1) of $7.3 million, or $0.81 per diluted share(1)Net income of $8.9 million, or $0.99 per diluted shareNet interest income of $20.4 million, a decrease of $327,000 from the prior quarterNet interest margin ("NIM") of 3.69%, down 9 basis points from the prior quarterNIM of 3.71% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.53%; return on average stockholders' equity ("ROAE") of 17.02%; and return on average tangible common equity ("ROATCE")(1) of 18.62%Core ROAA(1) of 1.26%; and core ROATCE(1) of 15.26%Efficiency ratio of 41.48%; and core efficiency ratio of 45.78%Linked-q
ANNISTON, Ala., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on February 15, 2024 to shareholders of record as of February 2, 2024. About Southern States Bancshares, Inc.Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking institu
Third Quarter 2023 Performance and Operational Highlights Core net income(1) of $9.6 million, or $1.06 per diluted share(1) Net income of $6.6 million, or $0.73 per diluted share Net interest income of $20.7 million, an increase of $1.3 million from the prior quarter Net interest margin ("NIM") of 3.78%, up 5 basis points from the prior quarter NIM of 3.79% on a fully-taxable equivalent basis ("NIM - FTE")(1) Return on average assets ("ROAA") of 1.15%; return on average stockholders' equity ("ROAE") of 12.96%; and return on average tangible common equity ("ROATCE")(1) of 14.21% Core ROAA(1) of 1.66%; and core ROATCE(1) of 20.50% Efficiency ratio of 48.01%; and core efficiency ratio o
ANNISTON, Ala., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on November 17, 2023 to shareholders of record as of November 3, 2023. About Southern States Bancshares, Inc.Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking insti
Keefe, Bruyette & Woods analyst Catherine Mealor reiterates Southern States (NASDAQ:SSBK) with a Outperform and raises the price target from $35 to $36.
Southern States (NASDAQ:SSBK) reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of $0.89 by 12.36 percent. This is a 26.58 percent increase over earnings of $0.79 per share from the same period last year. The company reported quarterly sales of $22.947 which missed the analyst consensus estimate of $22.600 million by 100.00 percent. This is a 100.00 percent decrease over sales of $26.294 million the same period last year.
The trading activity of members of Congress continues to draw increased attention from investors with the potential that conflicts of interest, including committee assignments, could influence trades. A well-known member of Congress disclosed multiple trades on Friday around market close. What Happened: The increased attention on Congress trading activity has led to the creation of several Congress Trading ETFs and a new one on the way. Sen. Tommy Tuberville (R-Ala.) is one of the most active traders in Congress and has drawn scrutiny for past trades. The senator's trades often come in large quantities and big amounts. On Friday, Tuberville disclosed a large amount of trades wit
Southern States (NASDAQ:SSBK) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.83 by 8.43 percent. This is a 11.11 percent increase over earnings of $0.81 per share from the same period last year. The company reported quarterly sales of $22.107 million which beat the analyst consensus estimate of $21.600 million by 2.35 percent. This is a 3.63 percent increase over sales of $21.332 million the same period last year.
U.S. Sen. Tommy Tuberville‘s latest regulatory filing shows the sale of put options for Adobe Inc (NASDAQ:ADBE), Qualcomm Inc (NASDAQ:QCOM) and Applied Materials Inc (NASDAQ:AMAT). The trading activity of stocks and options by members of Congress continues to draw increased scrutiny, with potential conflicts of interest related to Congressional committees and the timing of trades made. The Adobe options are for a strike price of $500 and expiration date of Dec. 20, 2024. The filing indicates that four separate trades valued at $1,000 to $15,000 of Adobe options were made, according to Quiver Quant. The Qualcomm options are for a strike price of $155 with an expiration date of Dec. 2
Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States" or the "Company"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced the retirement of Chief Operating Officer Jack Swift, effective May 31, 2024. Swift's retirement culminates 18 years of service at Southern States, during which he served five years as Senior Executive Vice President and COO."On behalf of our Board of Directors and all of our Southern States colleagues, I congratulate Jack on the culmination of his 40-year banking career," said Mark Chambers, Chief Executive Officer and President. "He has long been a trusted partner and invaluable member of
The trading activity of stocks and options by members of Congress continues to be highly scrutinized as potential conflicts of interest are highlighted. A prominent senator recently disclosed several stock transactions, which are drawing attention on social media. What Happened: No stranger to stock and options trading, Senator Tommy Tuberville (R-Ala.) recently disclosed several transactions made on Feb. 27. The Senator disclosed buying $50,000 to $100,000 in shares of regional bank Southern States Bancshares (NASDAQ:SSBK), which has locations in Alabama and Georgia. "Alabama Senator Tuberville reported buying stock in Alabama bank Southern States $SSBK on Friday afternoon. Also
Keefe, Bruyette & Woods analyst Catherine Mealor upgrades Southern States (NASDAQ:SSBK) from Market Perform to Outperform and raises the price target from $32 to $35.
Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, and CBB Bancorp ("CBB Bancorp"), the holding company for Century Bank of Georgia ("Century Bank"), announced today the signing of a definitive merger agreement under which Southern States would acquire CBB Bancorp. Upon completion, Southern States expects to merge CBB Bancorp with and into Southern States, with Southern States as the surviving entity. Century Bank of Georgia would similarly be merged with and into Southern States Bank with Southern States Bank surviving. The transaction is expected to close in the third quarter of 2024, subject to regulatory approval. Upon com
Keefe, Bruyette & Woods analyst Catherine Mealor maintains Southern States (NASDAQ:SSBK) with a Market Perform and raises the price target from $30 to $32.
10-Q - Southern States Bancshares, Inc. (0001689731) (Filer)
8-K - Southern States Bancshares, Inc. (0001689731) (Filer)
8-K - Southern States Bancshares, Inc. (0001689731) (Filer)
10-Q - Southern States Bancshares, Inc. (0001689731) (Filer)
8-K - Southern States Bancshares, Inc. (0001689731) (Filer)
144 - Southern States Bancshares, Inc. (0001689731) (Subject)
144 - Southern States Bancshares, Inc. (0001689731) (Subject)
8-K - Southern States Bancshares, Inc. (0001689731) (Filer)
8-K - Southern States Bancshares, Inc. (0001689731) (Filer)
EFFECT - Southern States Bancshares, Inc. (0001689731) (Filer)
4 - Southern States Bancshares, Inc. (0001689731) (Issuer)
Third Quarter 2024 Performance and Operational Highlights Net income of $7.4 million, or $0.76 per diluted shareCore net income(1) of $8.7 million, or $0.89 per diluted share(1)Core pretax pre-provision net income(1) of $13.8 millionNet interest income of $24.2 million, an increase of $2.7 million from the prior quarterNet interest margin ("NIM") of 3.65%, up 9 basis points from the prior quarterNIM of 3.66% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.05%; return on average stockholders' equity ("ROAE") of 11.89%; and return on average tangible common equity ("ROATCE")(1) of 13.35%Core ROAA(1) of 1.24%; and core ROATCE(1) of 15.74%Efficiency ra
ANNISTON, Ala., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on November 15, 2024 to shareholders of record as of November 1, 2024. About Southern States Bancshares, Inc. Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking insti
ANNISTON, Ala., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, announced today the completion of its previously announced acquisition of CBB Bancorp ("CBB Bancorp"), the holding company for Century Bank of Georgia ("Century Bank"). Effective July 31, 2024, CBB Bancorp has been merged with and into Southern States, with Southern States surviving, and Century Bank has been merged with and into Southern States Bank, with Southern States Bank surviving. The acquisition of CBB Bancorp enhances Southern States' presence in Georgia, especially in the high-growth Atlanta metro market. With this tr
Second Quarter 2024 Performance and Operational Highlights Net income of $8.2 million, or $0.90 per diluted shareCore net income(1) of $9.1 million, or $1.00 per diluted share(1)Net interest income of $21.6 million, an increase of $740,000 from the prior quarterNet interest margin ("NIM") of 3.56%, down 3 basis points from the prior quarterNIM of 3.57% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.29%; return on average stockholders' equity ("ROAE") of 14.55%; and return on average tangible common equity ("ROATCE")(1) of 15.79%Core ROAA(1) of 1.43%; and core ROATCE(1) of 17.44%Efficiency ratio of 49.78%; and core efficiency ratio of 44.75%Linked-
ANNISTON, Ala., July 17, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on August 12, 2024 to shareholders of record as of July 31, 2024. About Southern States Bancshares, Inc.Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking institut
First Quarter 2024 Performance and Operational Highlights Net income of $8.1 million, or $0.90 per diluted shareCore net income(1) of $8.1 million, or $0.90 per diluted share(1)Net interest income of $20.8 million, an increase of $435,000 from the prior quarterNet interest margin ("NIM") of 3.59%, down 10 basis points from the prior quarterNIM of 3.60% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.33%; return on average stockholders' equity ("ROAE") of 14.87%; and return on average tangible common equity ("ROATCE")(1) of 16.17%Core ROAA(1) of 1.34%; and core ROATCE(1) of 16.19%Efficiency ratio of 46.90%Linked-quarter loan growth of 17.2% annualiz
ANNISTON, Ala., April 17, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on May 16, 2024 to shareholders of record as of May 3, 2024. About Southern States Bancshares, Inc.Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking institution, whi
ANNISTON, Ala., March 21, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States" or the "Company"), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the "Bank"), today announced the retirement of Chief Operating Officer Jack Swift, effective May 31, 2024. Swift's retirement culminates 18 years of service at Southern States, during which he served five years as Senior Executive Vice President and COO. "On behalf of our Board of Directors and all of our Southern States colleagues, I congratulate Jack on the culmination of his 40-year banking career," said Mark Chambers, Chief Executive Officer and President. "He h
ANNISTON, Ala. and CARTERSVILLE, Ga., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States"), the holding company for Southern States Bank, and CBB Bancorp ("CBB Bancorp"), the holding company for Century Bank of Georgia ("Century Bank"), announced today the signing of a definitive merger agreement under which Southern States would acquire CBB Bancorp. Upon completion, Southern States expects to merge CBB Bancorp with and into Southern States, with Southern States as the surviving entity. Century Bank of Georgia would similarly be merged with and into Southern States Bank with Southern States Bank surviving. The transaction is expected to close
Fourth Quarter 2023 Performance and Operational Highlights Core net income(1) of $7.3 million, or $0.81 per diluted share(1)Net income of $8.9 million, or $0.99 per diluted shareNet interest income of $20.4 million, a decrease of $327,000 from the prior quarterNet interest margin ("NIM") of 3.69%, down 9 basis points from the prior quarterNIM of 3.71% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.53%; return on average stockholders' equity ("ROAE") of 17.02%; and return on average tangible common equity ("ROATCE")(1) of 18.62%Core ROAA(1) of 1.26%; and core ROATCE(1) of 15.26%Efficiency ratio of 41.48%; and core efficiency ratio of 45.78%Linked-q