Los Angeles Capital Management LLC Sells 2,000 Shares of Southern States Bancshares, Inc. (NASDAQ:SSBK)

Los Angeles Capital Management LLC lessened its holdings in shares of Southern States Bancshares, Inc. (NASDAQ:SSBK) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,315 shares of the company’s stock after selling 2,000 shares during the period. Los Angeles Capital Management LLC’s holdings in Southern States Bancshares were worth $444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Southern States Bancshares during the 4th quarter worth approximately $115,000. Empowered Funds LLC bought a new position in shares of Southern States Bancshares during the third quarter worth approximately $208,000. Quadrature Capital Ltd bought a new stake in shares of Southern States Bancshares in the third quarter valued at about $221,000. Allspring Global Investments Holdings LLC grew its position in shares of Southern States Bancshares by 3,572.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,418 shares of the company’s stock worth $247,000 after purchasing an additional 7,216 shares in the last quarter. Finally, OneAscent Wealth Management LLC acquired a new stake in Southern States Bancshares during the third quarter worth approximately $236,000. Institutional investors and hedge funds own 58.73% of the company’s stock.

Southern States Bancshares Trading Up 0.1 %

Shares of Southern States Bancshares stock opened at $32.50 on Tuesday. Southern States Bancshares, Inc. has a 12-month low of $22.13 and a 12-month high of $39.16. The company has a market capitalization of $321.26 million, a price-to-earnings ratio of 8.86 and a beta of 0.33. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $32.95 and its two-hundred day moving average price is $32.76.

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

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 $0.09 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.36 annualized dividend and a yield of 1.11%. Southern States Bancshares’s payout ratio is 9.81%.

Southern States Bancshares 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.