Critical analysis of Southern States Bancshares (SSBK) compared to its peers


Southern States Bank Stocks (NASDAQ: SSBKGet a rating) is one of 315 SOEs in the “state commercial banking” sector, but how does it stack up against its peers? We will compare Southern States Bancshares to related companies based on strength of institutional ownership, dividends, profitability, valuation, analyst recommendations, earnings and risk.

Analyst Notes

This is a summary of recent ratings and recommendations for Southern States Bancshares and its peers, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Southern States Bank Stocks 0 0 2 0 3.00
Competitors of Southern States Bancshares 2278 9739 7746 572 2.33

Southern States Bancshares currently has a consensus price target of $23.50, indicating a potential upside of 2.26%. As a group, the “State Commercial Bank” companies have an upside potential of 32.18%. Given that Southern States Bancshares peers have higher upside potential, analysts clearly believe that Southern States Bancshares has less favorable growth aspects than its peers.

Valuation and benefits

This table compares the revenue, earnings per share (EPS), and valuation of Southern States Bancshares and its peers.

Gross revenue Net revenue Price/earnings ratio
Southern States Bank Stocks $68.58 million $18.57 million 11:38
Competitors of Southern States Bancshares $1.30 billion $321.66 million 11.51

Southern States Bancshares peers have higher revenue and earnings than Southern States Bancshares. Southern States Bancshares trades at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

62.6% of Southern States Bancshares shares are held by institutional investors. By comparison, 51.9% of the shares of all “state commercial bank” companies are held by institutional investors. 14.8% of Southern States Bancshares shares are held by insiders. By comparison, 10.5% of the shares of all “state commercial bank” companies are held by insiders. Strong institutional ownership indicates that large fund managers, hedge funds, and endowments believe a company will outperform the market over the long term.

Dividends

Southern States Bancshares pays an annual dividend of $0.36 per share and has a dividend yield of 1.6%. Southern States Bancshares pays 17.8% of its profits in the form of a dividend. As a group, the “state commercial bank” companies pay a dividend yield of 2.4% and pay out 26.1% of their profits as a dividend.

Profitability

This table compares the net margins, return on equity and return on assets of Southern States Bancshares and its peers.

Net margins Return on equity return on assets
Southern States Bank Stocks 25.80% 10.21% 1.05%
Competitors of Southern States Bancshares 28.72% 12.50% 1.32%

Summary

Southern States Bancshares peers beat Southern States Bancshares on 9 of the 14 factors compared.

Southern States Bancshares Company Profile (Get a rating)

Southern States Bancshares, Inc. operates as a bank holding company for Southern States Bank which provides community banking services to businesses and individuals. It offers various deposit products, such as savings, money market and non-interest bearing current accounts; certificates of deposit; and term deposits. The Company also offers real estate lending products, which include loans for real estate construction and development, residential mortgages and commercial real estate mortgages; commercial and industrial loans; and direct consumer installment loans, overdrafts and other revolving loans. Additionally, it offers online and mobile banking and ATM services. The company operates 15 offices in Alabama and Georgia, as well as a loan origination office in Atlanta, Georgia. Southern States Bancshares, Inc. was founded in 2007 and is headquartered in Anniston, Alabama.



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