What is DA Davidson's Forecast for SouthState Q3 Earnings?

Key Points

• DA Davidson has revised SouthState's Q3 2025 earnings per share estimate down to $2.23, slightly below the previous estimate of $2.25, while maintaining a "Buy" rating and a target price of $117.00.
• In the recently reported quarter, SouthState achieved an EPS of $2.30, surpassing analysts’ expectations by $0.32 and generating revenue of $840.50 million against an expected $645.12 million.
• SouthState announced a dividend increase to $0.60 per share, up from $0.54, reflecting a 2.4% yield and a payout ratio of 35.77%.

SouthState Co. (NASDAQ:SSB - Free Report) - Analysts at DA Davidson lowered their Q3 2025 earnings per share estimates for SouthState in a research report issued to clients and investors on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the bank will earn $2.23 per share for the quarter, down from their prior estimate of $2.25. DA Davidson currently has a "Buy" rating and a $117.00 target price 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 $9.48 EPS.

SouthState (NASDAQ:SSB - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.32. The firm had revenue of $840.50 million for the quarter, compared to analysts' expectations of $645.12 million. SouthState had a return on equity of 9.62% and a net margin of 22.38%.During the same quarter in the prior year, the firm posted $1.74 earnings per share.

Several other research analysts have also recently issued reports on SSB. National Bankshares set a $127.00 price objective on SouthState in a research note on Wednesday, September 24th. Cowen initiated coverage on SouthState in a research note on Wednesday, September 24th. They issued a "buy" rating on the stock. Barclays increased their price objective on SouthState from $117.00 to $120.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Hovde Group increased their price objective on SouthState from $97.00 to $105.00 and gave the stock a "market perform" rating in a research note on Friday, July 25th. Finally, TD Cowen initiated coverage on SouthState in a research note on Thursday, September 25th. They issued a "buy" rating and a $127.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $117.08.

SouthState Trading Down 1.8%

SSB opened at $99.35 on Tuesday. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 14.27 and a beta of 0.74. The stock's 50 day moving average price is $98.66 and its 200-day moving average price is $92.91. SouthState has a one year low of $77.74 and a one year high of $114.26. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91.

Institutional Trading of SouthState

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of SouthState by 31.2% during the 1st quarter. Vanguard Group Inc. now owns 11,079,578 shares of the bank's stock valued at $1,028,406,000 after purchasing an additional 2,637,786 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of SouthState by 34.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,556,410 shares of the bank's stock valued at $422,915,000 after purchasing an additional 1,164,348 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of SouthState by 0.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,479,298 shares of the bank's stock valued at $322,949,000 after purchasing an additional 11,728 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of SouthState by 10.1% during the 2nd quarter. American Century Companies Inc. now owns 1,948,379 shares of the bank's stock valued at $179,310,000 after purchasing an additional 178,842 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of SouthState by 38.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,437,262 shares of the bank's stock valued at $133,407,000 after purchasing an additional 397,371 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Insider Buying and Selling at SouthState

In related news, Director Janet P. Froetscher bought 3,338 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were acquired at an average price of $97.31 per share, with a total value of $324,820.78. Following the transaction, the director owned 8,294 shares of the company's stock, valued at $807,089.14. The trade was a 67.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director G Stacy Smith bought 2,500 shares of the company's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $92.30 per share, for a total transaction of $230,750.00. Following the transaction, the director directly owned 39,546 shares in the company, valued at approximately $3,650,095.80. This represents a 6.75% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,338 shares of company stock valued at $786,321. 1.70% of the stock is currently owned by corporate insiders.

SouthState Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given a dividend of $0.60 per share. This is a boost from SouthState's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.40 annualized dividend and a yield of 2.4%. SouthState's payout ratio is 35.77%.

About SouthState

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.

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