DA Davidson Predicts SouthState's Q2 Earnings (NASDAQ:SSB)

SouthState Co. (NASDAQ:SSB - Free Report) - Research analysts at DA Davidson issued their Q2 2025 earnings estimates for shares of SouthState in a research note issued to investors on Monday, April 28th. DA Davidson analyst G. Tenner forecasts that the bank will earn $2.09 per share for the quarter. DA Davidson has a "Buy" rating and a $115.00 price target on the stock. The consensus estimate for SouthState's current full-year earnings is $8.12 per share. DA Davidson also issued estimates for SouthState's FY2026 earnings at $9.18 EPS.

Several other research analysts have also weighed in on the company. Stephens reiterated an "overweight" rating and issued a $119.00 price objective on shares of SouthState in a research report on Monday. Barclays reduced their price objective on shares of SouthState from $120.00 to $115.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Raymond James set a $110.00 price target on SouthState in a research report on Monday. Finally, Citigroup raised shares of SouthState from a "neutral" rating to a "buy" rating and increased their price target for the stock from $106.00 to $128.00 in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, SouthState currently has an average rating of "Moderate Buy" and a consensus target price of $116.60.

SouthState Trading Up 2.0 %

NASDAQ:SSB traded up $1.72 on Tuesday, hitting $89.37. The stock had a trading volume of 500,475 shares, compared to its average volume of 631,945. The company has a fifty day moving average price of $89.68 and a two-hundred day moving average price of $98.48. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 12.84 and a beta of 0.65. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. SouthState has a 1-year low of $70.68 and a 1-year high of $114.27.

Hedge Funds Weigh In On SouthState

Hedge funds and other institutional investors have recently modified their holdings of the stock. Forum Financial Management LP grew its holdings in shares of SouthState by 36.5% during the first quarter. Forum Financial Management LP now owns 3,568 shares of the bank's stock valued at $331,000 after buying an additional 955 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of SouthState during the 1st quarter worth about $388,000. Larson Financial Group LLC raised its stake in shares of SouthState by 22,885.7% in the 1st quarter. Larson Financial Group LLC now owns 1,609 shares of the bank's stock valued at $149,000 after acquiring an additional 1,602 shares in the last quarter. Trail Ridge Investment Advisors LLC acquired a new stake in SouthState in the 1st quarter worth approximately $256,000. Finally, Signaturefd LLC lifted its holdings in SouthState by 12.5% in the 1st quarter. Signaturefd LLC now owns 13,453 shares of the bank's stock worth $1,249,000 after purchasing an additional 1,498 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company's stock.

Insider Buying and Selling at SouthState

In other SouthState news, Director Janet P. Froetscher bought 2,717 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $92.02 per share, for a total transaction of $250,018.34. Following the acquisition, the director now directly owns 4,689 shares of the company's stock, valued at $431,481.78. This trade represents a 137.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Sara Arana sold 1,991 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $100.78, for a total transaction of $200,652.98. Following the sale, the chief accounting officer now owns 4,787 shares of the company's stock, valued at $482,433.86. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

SouthState Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, May 9th. SouthState's payout ratio is currently 34.12%.

SouthState Company Profile

SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services.