DA Davidson Issues Negative Outlook for SouthState Earnings

SouthState Co. (NASDAQ:SSB - Free Report) - Investment analysts at DA Davidson reduced their Q2 2025 EPS estimates for shares of SouthState in a research report issued to clients and investors on Tuesday, June 17th. DA Davidson analyst G. Tenner now forecasts that the bank will earn $2.06 per share for the quarter, down from their prior forecast of $2.09. DA Davidson currently has a "Buy" rating and a $115.00 target price on the stock. The consensus estimate for SouthState's current full-year earnings is $8.12 per share.

Other equities research analysts have also issued reports about the stock. Truist Financial initiated coverage on shares of SouthState in a research report on Tuesday, May 13th. They issued a "buy" rating and a $106.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of SouthState in a research report on Wednesday, May 21st. They issued a "buy" rating and a $110.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of SouthState from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Raymond James Financial set a $110.00 price objective on shares of SouthState in a research report on Monday, April 28th. Finally, Barclays decreased their price objective on shares of SouthState from $120.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $116.27.

SouthState Price Performance

Shares of NASDAQ:SSB traded down $0.05 on Wednesday, reaching $85.99. 1,610,955 shares of the company were exchanged, compared to its average volume of 668,393. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. SouthState has a 1-year low of $72.74 and a 1-year high of $114.27. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 12.36 and a beta of 0.77. The company has a 50-day moving average of $87.96 and a 200-day moving average of $94.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSB. Rise Advisors LLC purchased a new position in SouthState in the 1st quarter valued at about $33,000. Summit Securities Group LLC purchased a new position in SouthState in the 4th quarter valued at about $38,000. Aquatic Capital Management LLC purchased a new position in SouthState in the 4th quarter valued at about $45,000. Flaharty Asset Management LLC purchased a new position in SouthState in the 1st quarter valued at about $45,000. Finally, Quadrant Capital Group LLC lifted its holdings in SouthState by 24.2% in the 4th quarter. Quadrant Capital Group LLC now owns 508 shares of the bank's stock valued at $51,000 after purchasing an additional 99 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

SouthState Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.16 dividend on an annualized basis and a yield of 2.51%. SouthState's dividend payout ratio (DPR) is 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.