Southern States Bancshares, Inc. (NASDAQ:SSBK) Holdings Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Southern States Bancshares, Inc. (NASDAQ:SSBK) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,964 shares of the company’s stock after selling 700 shares during the period. New York State Common Retirement Fund’s holdings in Southern States Bancshares were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SSBK. Rhumbline Advisers increased its position in Southern States Bancshares by 3.9% in the 4th quarter. Rhumbline Advisers now owns 8,779 shares of the company’s stock valued at $292,000 after acquiring an additional 328 shares during the period. Empowered Funds LLC increased its holdings in shares of Southern States Bancshares by 5.2% during the fourth quarter. Empowered Funds LLC now owns 7,123 shares of the company’s stock valued at $237,000 after purchasing an additional 355 shares during the period. Geode Capital Management LLC raised its stake in shares of Southern States Bancshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 172,073 shares of the company’s stock valued at $5,288,000 after purchasing an additional 2,717 shares in the last quarter. Martingale Asset Management L P lifted its holdings in Southern States Bancshares by 17.5% in the third quarter. Martingale Asset Management L P now owns 18,900 shares of the company’s stock worth $581,000 after purchasing an additional 2,812 shares during the period. Finally, State Street Corp raised its position in shares of Southern States Bancshares by 3.2% during the 3rd quarter. State Street Corp now owns 94,195 shares of the company’s stock worth $2,895,000 after buying an additional 2,902 shares in the last quarter. Institutional investors own 58.73% of the company’s stock.

Southern States Bancshares Trading Down 3.0 %

Southern States Bancshares stock opened at $30.88 on Thursday. Southern States Bancshares, Inc. has a 12-month low of $22.13 and a 12-month 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 stock has a market capitalization of $305.25 million, a PE ratio of 8.41 and a beta of 0.33. The firm has a 50 day simple moving average of $32.84 and a 200-day simple moving average of $32.76.

Southern States Bancshares (NASDAQ:SSBK) last released its earnings results on Tuesday, January 21st. The company reported $1.04 earnings per share for the quarter. Southern States Bancshares had a return on equity of 15.04% and a net margin of 19.68%.

Southern States Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Monday, February 3rd. Southern States Bancshares’s 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.