Southern States Bancshares Future Growth

Future criteria checks 3/6

Southern States Bancshares is forecast to grow earnings and revenue by 18.1% and 19.9% per annum respectively while EPS is expected to grow by 9.8% per annum.

Key information

18.1%

Earnings growth rate

9.8%

EPS growth rate

Banks earnings growth	10.3%
Revenue growth rate	19.9%
Future return on equity	n/a
Analyst coverage	Low
Last updated	09 Sep 2024

Recent future growth updates

Recent updates

Here's Why We Think Southern States Bancshares (NASDAQ:SSBK) Might Deserve Your Attention Today

Jul 25

Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09

Jul 25

Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09

Apr 23

Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09

Jan 24

Southern States Bancshares (NASDAQ:SSBK) Is Due To Pay A Dividend Of $0.09

Oct 26

Southern States Bancshares declares $0.09 dividend

Oct 19

Earnings Beat: Southern States Bancshares, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Jul 29

Southern States Bancshares declares $0.09 dividend

Jul 20

Earnings and Revenue Growth Forecasts

NasdaqGS:SSBK - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	111	40	N/A	N/A	2
12/31/2024	98	31	N/A	N/A	2
6/30/2024	81	32	37	38	N/A
3/31/2024	84	32	41	42	N/A
12/31/2023	83	32	39	39	N/A
9/30/2023	86	34	41	41	N/A
6/30/2023	88	34	41	42	N/A
3/31/2023	79	30	37	38	N/A
12/31/2022	74	27	36	39	N/A
9/30/2022	66	21	32	36	N/A
6/30/2022	62	19	27	32	N/A
3/31/2022	60	17	22	26	N/A
12/31/2021	61	19	25	30	N/A
9/30/2021	58	18	23	26	N/A
6/30/2021	54	16	22	23	N/A
3/31/2021	51	15	29	31	N/A
12/31/2020	47	12	5	11	N/A
12/31/2019	36	6	7	11	N/A
12/31/2018	31	8	12	12	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSBK's forecast earnings growth (18.1% per year) is above the savings rate (2.5%).

Earnings vs Market: SSBK's earnings (18.1% per year) are forecast to grow faster than the US market (15.3% per year).

High Growth Earnings: SSBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: SSBK's revenue (19.9% per year) is forecast to grow faster than the US market (8.7% per year).

High Growth Revenue: SSBK's revenue (19.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SSBK's Return on Equity is forecast to be high in 3 years time

Southern States Bancshares Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 12%, revenue upgraded

Price target increased by 17% to US$35.00

Price target increased by 20% to US$30.00

Price target increased to US$29.00

Consensus EPS estimates increase by 10%

Price target increased to US$28.00

Recent updates

Director recently sold US$96k worth of stock

High number of new directors

Independent Director notifies of intention to sell stock

Consensus EPS estimates fall by 12%, revenue upgraded

Senior EVP & CFO recently sold US$64k worth of stock

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09

First quarter dividend of US$0.09 announced

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on August 12, 2024

New minor risk - Shareholder dilution

Upcoming dividend of US$0.09 per share

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09

Fourth quarter dividend of US$0.09 announced

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on May 16, 2024

Southern States Bancshares, Inc., Annual General Meeting, May 15, 2024

Southern States Bancshares, Inc. Announces Retirement of Jack Swift as COO

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 17% to US$35.00

Southern States Bancshares, Inc. (NasdaqGS:SSBK) entered into an Agreement and Plan of Merger to acquire CBB Bancorp for $26.5 million.

Upcoming dividend of US$0.09 per share at 1.3% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Southern States Bancshares' (NASDAQ:SSBK) Dividend Will Be $0.09

Third quarter dividend of US$0.09 announced

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on February 15, 2024

Price target increased by 20% to US$30.00

Southern States Bancshares, Inc. (NasdaqGS:SSBK) announces an Equity Buyback for $10 million worth of its shares.

Upcoming dividend of US$0.09 per share at 1.6% yield

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Southern States Bancshares (NASDAQ:SSBK) Has Announced A Dividend Of $0.09

Southern States Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on November 17, 2023

Southern States Bancshares, Inc. Reports Net Charge Off for the Quarter Ended June 30, 2023

Upcoming dividend of US$0.09 per share at 1.5% yield

Here's Why We Think Southern States Bancshares (NASDAQ:SSBK) Might Deserve Your Attention Today

Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09

Second quarter 2023 earnings released: EPS: US$1.00 (vs US$0.60 in 2Q 2022)

Southern States Bancshares, Inc. Declares Cash Dividend on Its Common Stock, Payable on August 17, 2023

CEO, President & Director exercised options to buy US$222k worth of stock.

High number of new directors

Upcoming dividend of US$0.09 per share at 1.6% yield

Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09

Chairman & CEO notifies of intention to sell stock

Senior EVP & CFO recently sold US$146k worth of stock

Senior EVP & Chief Risk Officer recently sold US$102k worth of stock

Upcoming dividend of US$0.09 per share at 1.3% yield

Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09

Southern States Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Southern States Bancshares, Inc. Declares Cash Dividend, Payable on February 16, 2023

Price target increased to US$29.00

Southern States Bancshares, Inc. announced that it has received $40 million in funding

Consensus EPS estimates increase by 10%

Southern States Bancshares, Inc. announced that it has received $40 million in funding

Southern States Bancshares (NASDAQ:SSBK) Is Due To Pay A Dividend Of $0.09

Upcoming dividend of US$0.09 per share

Price target increased to US$28.00

Southern States Bancshares, Inc. Announces Net Charge-Offs for the Third Quarter of 2022

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on November 16, 2022

Southern States Bancshares declares $0.09 dividend

Southern States Bancshares, Inc. Announces Retirement of Robert F. Davie as Member of the Board of Directors

Earnings Beat: Southern States Bancshares, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Upcoming dividend of US$0.09 per share

Second quarter 2022 earnings: Revenues exceed analyst expectations

Southern States Bancshares, Inc. Declares Cash Dividend on Its Common Stock, Payable on August 17, 2022

Southern States Bancshares declares $0.09 dividend

Southern States Bancshares, Inc.(NasdaqGS:SSBK) dropped from Russell Microcap Value Index

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Southern States Bancshares, Inc. Declares Cash Dividend on Its Common Stock, Payable on May 16, 2022