SSBK
Price:
$36.37
Market Cap:
$361.07M
Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. It offers various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. The company also provides real estate loan products, which include loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer installment loans, overdrafts, and other revolving credit loans. In addition, it offers online and mobile banking, and ATM services. The compan...[Read more]
Industry
Banks - Regional
IPO Date
2021-08-12
Stock Exchange
NASDAQ
Ticker
SSBK
According to Southern States Bancshares, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.12. This represents a change of -19.07% compared to the average of 0.14 of the last 4 quarters.
The mean historical Current Ratio of Southern States Bancshares, Inc. over the last ten years is 0.24. The current 0.12 Current Ratio has changed 4.80% with respect to the historical average. Over the past ten years (40 quarters), SSBK's Current Ratio was at its highest in in the December 2021 quarter at 0.22. The Current Ratio was at its lowest in in the March 2020 quarter at 0.
Average
0.24
Median
0.16
Minimum
0.13
Maximum
0.72
Discovering the peaks and valleys of Southern States Bancshares, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 31.28%
Maximum Annual Current Ratio = 0.72
Minimum Annual Increase = -77.54%
Minimum Annual Current Ratio = 0.13
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 0.13 | 0.55% |
| 2023 | 0.13 | -17.95% |
| 2022 | 0.15 | -30.71% |
| 2021 | 0.22 | 31.28% |
| 2020 | 0.17 | 4.65% |
| 2019 | 0.16 | -77.54% |
The current Current Ratio of Southern States Bancshares, Inc. (SSBK) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
0.13
5-year avg
0.16
10-year avg
0.24
Southern States Bancshares, Inc.’s Current Ratio is greater than Summit Financial Group, Inc. (0.02), less than Silvergate Capital Corporation (1.47), greater than First Republic Bank (0.08), less than CapStar Financial Holdings, Inc. (0.19), greater than Merchants Bancorp (0), greater than Central Valley Community Bancorp (0), greater than Penns Woods Bancorp, Inc. (0.06), less than HomeStreet, Inc. (212.93),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.02 | $377.45M | |
| 1.47 | $315.09M | |
| 0.08 | $653.63M | |
| 0.19 | $418.56M | |
| 0 | $1.59B | |
| 0 | $235.33M | |
| 0.06 | $228.43M | |
| 212.93 | $262.43M |
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What is the 5-year average Current Ratio for Southern States Bancshares, Inc. (SSBK)?
How does the current Current Ratio for Southern States Bancshares, Inc. (SSBK) compare to its historical average?