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How to Buy Southern States Bancshares Stock

Southern States Bancshares Inc

Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals.

Southern States Bancshares stock last closed at $25.92, up 0.19% from the previous day, and has increased 14.29% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.01 percentage points. Southern States Bancshares stock is currently +32.18% from its 52-week low of $19.61, and -15.67% from its 52-week high of $30.74.

As of Mar 28, 2024, there are 8.87M shares of SSBK outstanding. The market value of SSBK is $229.95M. In the past 24 hours, 12,348 SSBK shares were traded.

How to Buy Southern States Bancshares Stock

Wondering how to invest in Southern States Bancshares stock? Here's how.
  1. Figure out where to buy Southern States Bancshares stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Southern States Bancshares stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Select your payment method and add your details.
  4. Research Southern States Bancshares stock: The Southern States Bancshares ticker symbol is SSBK. Is Southern States Bancshares stock a good investment? Should you buy shares of SSBK? How do SSBK's underlying business fundamentals look? Do top analysts think Southern States Bancshares is a good buy? Why has SSBK's stock price moved recently? (Hint: Our stock analysis website can help you figure out if SSBK is a good stock to buy).
  5. Make your SSBK buy order: Decide if you will purchase SSBK shares at the current market price or use a limit order to buy SSBK stock at a given price.
  6. Track your investment in SSBK: Create a watchlist to the latest updates on your position in Southern States Bancshares shares.

Step 1: Figure out where to buy Southern States Bancshares stock

You need an online brokerage account to access the NASDAQ market and buy SSBK stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've picked your brokerage, you'll need to fill out some personal details so you can invest in SSBK stock today.

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Step 3: Deposit funds into your brokerage account

Now that you've created your account on stock market apps, you can securely and quickly fund your account:

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Step 4: Research Southern States Bancshares stock

After you have selected the best place to buy Southern States Bancshares stock, it's critical to research their stock prior to buying, so you can wrap your head around the risk as well as the opportunity.

Southern States Bancshares Metrics

SSBK Price
$25.92
1w %
-0.31%
1y %
14.29%
5y %
N/A
P/E
7.14x
P/B
1.07x
P/S
2.77x
PEG
0.22x
Revenue
$82.90M
Earnings
$31.95M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$229.95M
Next Earnings
Apr 20, 2024
Next Dividend
N/A

SSBK Overview

WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on SSBK's stock page.

How is SSBK stock valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge SSBK's true value.

Using relative valuations ratios:

  • SSBK may be undervalued based on its P/E ratio of 7.14x, relative to Banks - Regional industry P/E ratio of -10.33x
  • SSBK could be overvalued based on its P/B ratio of 1.07x, relative to Banks - Regional industry P/B ratio of 1.02x
  • SSBK may be undervalued based on its PEG ratio of 0.22x

You can do more valuation research on SSBK's stock here.

SSBK Financial Health Summary

Positive Financial Indicators:

  • SSBK profit margin has gone up from 36.4% to 38.5% in the past year.
  • SSBK's operating cash flow of $39.35M allows it to safely service it's debt of $183.67M.
  • SSBK earnings of $41.02M is not sufficient to cover its interest payments.

Negative Financial Indicators:

  • SSBK has a relatively high debt to equity ratio of 10.38.

Do analysts think it's a good time to buy Southern States Bancshares stock

Out of 1 Wall Street analysts who track SSBK, the consensus analyst rating on SSBK is a Buy

Please note that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dig deeper into what analysts are forecasting on the Southern States Bancshares stock forecast page.

SSBK Technical Indicators

SMA10
25.5
SMA20
25.36
SMA50
25.73
SMA100
26.18
SMA200
24.46
MACD
0.05
MACD Signal
-0.06
MACD Histogram
0.1
RSI
53.09
Stochastic %K
52.13
Stochastic %D
49.4
StochRSI %K
52.34
StochRSI %D
48.7

SSBK Growth Metrics

Last year, SSBK earnings were $31.95M. In the past four year, SSBK's earnings have increased by 45.05% per year. This was faster than the Banks - Regional industry average of 15.56%.

Last year, SSBK revenue was $82.90M. Over the last four year, SSBK's revenue has grown by 23.31% per year. This was faster than the Banks - Regional industry average of 7.23%.

Dig into SSBK's earnings and revenue performance here.

Are SSBK insiders buying or selling the stock?

In the past year, executives and large shareholders at SSBK have bought more shares than they have sold.

Gregory B. Smith, Chief Risk Officer of SSBK, was the latest SSBK insider to buy. They bought $100,000.00 worth of SSBK shares on Mar 15, 2024.

Research more about who owns SSBK shares here.

Can I rely on SSBK as an income stream?

Southern States Bancshares pays a dividend of 0.69%, compared to the Banks - Regional industry's average dividend yield of 3.68%. If you owned $1,000 worth of SSBK stock, you would have been paid $6.94 in the past year.

Get more info about Southern States Bancshares dividend yield and history here.

SSBK Social Trading Data

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Step 5: Make your SSBK buy order

There are two main options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally fine.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at an exact price limit, place a limit order.

Press the Open button and eToro will place your order.

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Step 6: Track your investment in SSBK

Now that you own some SSBK shares, you'll want to stay up-to-date on your company.

Put SSBK on a watchlist to get the latest updates about your SSBK stock.

SSBK Feed

How to Buy Stock in Southern States Bancshares

To summarize, here are the 6 steps to buy Southern States Bancshares stock:

  1. Figure out where to buy Southern States Bancshares stock
  2. Sign up for a brokerage account
  3. Deposit funds into your brokerage account
  4. Research Southern States Bancshares stock
  5. Make your SSBK buy order
  6. Track your investment in SSBK

If you require a brokerage, eToro is our recommended venue.

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If you want to monitor your investment in Southern States Bancshares, click the button below.

NASDAQ: SSBK
$25.92+0.05 (+0.19%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: SSBK
$25.92+0.05 (+0.19%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Southern States Bancshares share?

As of Mar 28, 2024, it costs $25.92 to buy one share of Southern States Bancshares stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.386 shares of SSBK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Southern States Bancshares stock?

According to 1 Wall Street analysts who monitor Southern States Bancshares, their consensus recommendation is to buy Southern States Bancshares stock.

What is the best way to buy Southern States Bancshares stock?

One way to place an order for Southern States Bancshares stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.