Southern States Bancshares, Inc. (NASDAQ:SSBK) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in Southern States Bancshares, Inc. (NASDAQ:SSBK) by 141.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,851 shares of the company’s stock after acquiring an additional 1,085 shares during the period. Tower Research Capital LLC TRC’s holdings in Southern States Bancshares were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. AJOVista LLC acquired a new position in shares of Southern States Bancshares during the fourth quarter worth $31,000. Concourse Financial Group Securities Inc. grew its stake in shares of Southern States Bancshares by 133.4% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,788 shares of the company’s stock worth $40,000 after purchasing an additional 1,022 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Southern States Bancshares during the fourth quarter worth $121,000. OneAscent Wealth Management LLC acquired a new position in shares of Southern States Bancshares during the fourth quarter worth $225,000. Finally, Kennedy Capital Management LLC grew its stake in shares of Southern States Bancshares by 2.4% during the third quarter. Kennedy Capital Management LLC now owns 23,547 shares of the company’s stock worth $532,000 after purchasing an additional 554 shares in the last quarter. Institutional investors and hedge funds own 58.73% of the company’s stock.

Southern States Bancshares Stock Performance

SSBK traded down $1.08 on Tuesday, reaching $24.17. The company had a trading volume of 21,771 shares, compared to its average volume of 13,554. Southern States Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $30.74. The stock has a market capitalization of $214.63 million, a PE ratio of 6.71 and a beta of 0.14. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average price of $24.84 and a 200-day moving average price of $25.58.

Southern States Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Friday, May 3rd will be given a $0.09 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.49%. Southern States Bancshares’s dividend payout ratio (DPR) is presently 10.00%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised shares of Southern States Bancshares from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $32.00 to $35.00 in a research report on Friday, March 15th.

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.