Advertisement
U.S. markets close in 15 minutes
  • S&P 500

    5,259.22
    +10.73 (+0.20%)
     
  • Dow 30

    39,827.17
    +67.09 (+0.17%)
     
  • Nasdaq

    16,392.34
    -7.18 (-0.04%)
     
  • Russell 2000

    2,122.85
    +8.50 (+0.40%)
     
  • Crude Oil

    83.07
    +1.72 (+2.11%)
     
  • Gold

    2,239.60
    +26.90 (+1.22%)
     
  • Silver

    24.97
    +0.21 (+0.86%)
     
  • EUR/USD

    1.0791
    -0.0039 (-0.36%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2622
    -0.0016 (-0.13%)
     
  • USD/JPY

    151.3980
    +0.1520 (+0.10%)
     
  • Bitcoin USD

    70,860.34
    +2,340.41 (+3.42%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Southern States Bancshares, Inc. (NASDAQ:SSBK) insiders placed bullish bets worth US$2.2m in the last 12 months

In the last year, multiple insiders have substantially increased their holdings of Southern States Bancshares, Inc. (NASDAQ:SSBK) stock, indicating that insiders' optimism about the company's prospects has increased.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Southern States Bancshares

The Last 12 Months Of Insider Transactions At Southern States Bancshares

The Chairman & CEO Stephen Whatley made the biggest insider purchase in the last 12 months. That single transaction was for US$1.4m worth of shares at a price of US$19.00 each. We do like to see buying, but this purchase was made at well below the current price of US$22.78. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Southern States Bancshares insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Southern States Bancshares

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 22% of Southern States Bancshares shares, worth about US$43m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Southern States Bancshares Insiders?

There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Insiders own shares in Southern States Bancshares and we see no evidence to suggest they are worried about the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Southern States Bancshares.

But note: Southern States Bancshares may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Advertisement