(SSBK) Southern States Bancshares - Ratings and Ratios

Southern States Bancshares, Inc. (NASDAQ:SSBK) is a bank holding company for Southern States Bank, offering tailored financial services to businesses and individuals across its local markets. The company specializes in community banking, focusing on small to medium-sized businesses and individual clients. Its product suite includes a range of deposit accounts such as savings, money market, and noninterest-bearing demand accounts, as well as certificates of deposit and time deposits. On the lending side, Southern States Bank provides real estate loans for construction, residential mortgages, and commercial properties, along with commercial and industrial loans. The bank also offers consumer loans, overdraft services, and revolving credit lines. Additionally, it provides digital banking solutions, including online and mobile banking platforms, as well as a network of ATM services. Southern States Bancshares, Inc. was established in 2007 and operates from its headquarters in Anniston, Alabama.

Based on the provided and , here is a 3-month forecast for Southern States Bancshares, Inc. (NASDAQ:SSBK):

Over the next three months, SSBK is expected to trade within a narrow range, influenced by its current technical and fundamental metrics. The stock is currently trading at 32.48, slightly below its 20-day SMA of 32.61 and 50-day SMA of 33.04, but above its 200-day SMA of 30.98. This suggests moderate support near the 200-day moving average. The ATR of 1.13 indicates limited volatility, with potential price fluctuations between 30.98 and 33.04. Fundamentally, the P/E ratio of 8.67 and P/B ratio of 1.12 suggest the stock is reasonably valued relative to its earnings and book value. The RoE of 12.00% indicates stable profitability. Overall, SSBK is likely to remain range-bound, with a potential upside target of 35.00 if it breaks above its 50-day SMA, and a downside risk of testing the 200-day SMA at 30.98 if it fails to maintain upward momentum.