South State Company Profile (NASDAQ:SSB)

About South State (NASDAQ:SSB)

South State logoSouth State Corporation (NASDAQ: SSB) is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company's primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years. The bank also operates Minis & Co., Inc. and First Southeast 401K Fiduciaries, Inc., both registered investment advisors; and First Southeast Investor Services, Inc., a limited purpose broker-dealer. South State Corporation has assets of approximately $8.0 billion and its stock is traded under the symbol SSB on the NASDAQ Global Select Market. More information can be found at www.SouthStateBank.com.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Mid-Atlantic Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:SSB
  • CUSIP: 78401V10
  • Web: www.scbtonline.com
Capitalization:
  • Market Cap: $2.43 billion
  • Outstanding Shares: 29,080,000
Average Prices:
  • 50 Day Moving Avg: $87.50
  • 200 Day Moving Avg: $86.83
  • 52 Week Range: $63.83 - $93.40
P/E:
  • Trailing P/E Ratio: 22.38
  • Foreward P/E Ratio: 15.43
  • P/E Growth: 1.49
Sales & Book Value:
  • Annual Revenue: $471.66 million
  • Price / Sales: 5.16
  • Book Value: $54.33 per share
  • Price / Book: 1.54
Dividend:
  • Annual Dividend: $1.28
  • Dividend Yield: 1.6%
Profitability:
  • Net Margins: 21.85%
  • Return on Equity: 9.98%
  • Return on Assets: 1.26%
Debt:
  • Debt-to-Equity Ratio: 0.05%
  • Current Ratio: 0.93%
  • Quick Ratio: 0.93%
Misc:
  • Average Volume: 118,925 shs.
  • Beta: 1.01
  • Short Ratio: 5.97
 

Frequently Asked Questions for South State (NASDAQ:SSB)

What is South State's stock symbol?

South State trades on the NASDAQ under the ticker symbol "SSB."

How often does South State pay dividends? What is the dividend yield for South State?

South State announced a quarterly dividend on Friday, April 21st. Shareholders of record on Friday, May 12th will be paid a dividend of $0.33 per share on Friday, May 19th. This represents a $1.32 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, May 10th. View South State's Dividend History.

How will South State's stock buyback program work?

South State announced that its board has approved a share buyback plan on Thursday, April 6th 2017, which allows the company to buyback 750,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

How were South State's earnings last quarter?

South State Co. (NASDAQ:SSB) posted its earnings results on Friday, April, 21st. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.03. The firm earned $133.80 million during the quarter, compared to the consensus estimate of $134.35 million. South State had a net margin of 21.85% and a return on equity of 9.98%. View South State's Earnings History.

When will South State make its next earnings announcement?

South State is scheduled to release their next quarterly earnings announcement on Thursday, July, 20th 2017. View Earnings Estimates for South State.

Where is South State's stock going? Where will South State's stock price be in 2017?

4 analysts have issued twelve-month target prices for South State's stock. Their predictions range from $92.00 to $92.00. On average, they expect South State's share price to reach $92.00 in the next twelve months. View Analyst Ratings for South State.

Who are some of South State's key competitors?

Who owns South State stock?

South State's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.58%), BlackRock Inc. (6.57%), Wellington Management Group LLP (3.94%), Dimensional Fund Advisors LP (3.36%), Victory Capital Management Inc. (2.98%) and Goldman Sachs Group Inc. (2.70%). Company insiders that own South State stock include Alton Clarence Phillips, Jimmy Evan Addison, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, Luther J Battiste III, M Oswald Fogle, Renee R Brooks, Robert H Demere Jr, Robert R Hill Jr and Robert R Horger. View Institutional Ownership Trends for South State.

Who sold South State stock? Who is selling South State stock?

South State's stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Renaissance Technologies LLC, Bank of New York Mellon Corp, Morgan Stanley, Copeland Capital Management LLC, Ranger Investment Management L.P., JPMorgan Chase & Co. and Channing Capital Management LLC. Company insiders that have sold South State stock in the last year include Alton Clarence Phillips, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, M Oswald Fogle, Renee R Brooks, Robert R Hill Jr and Robert R Horger. View Insider Buying and Selling for South State.

Who bought South State stock? Who is buying South State stock?

South State's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Wellington Management Group LLP, Westwood Holdings Group Inc., Asset Advisors Corp, State Street Corp, Victory Capital Management Inc. and UBS Asset Management Americas Inc.. Company insiders that have bought South State stock in the last two years include Jimmy Evan Addison and Robert H Demere Jr. View Insider Buying and Selling for South State.

How do I buy South State stock?

Shares of South State can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of South State stock cost?

One share of South State stock can currently be purchased for approximately $83.65.

Analyst Ratings

Consensus Ratings for South State (NASDAQ:SSB) (?)
Ratings Breakdown: 3 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $92.00 (9.98% upside)

Analysts' Ratings History for South State (NASDAQ:SSB)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/12/2017StephensReiterated RatingHoldLowView Rating Details
4/10/2017Keefe, Bruyette & WoodsReiterated RatingHold$92.00LowView Rating Details
1/30/2017Brean CapitalReiterated RatingHoldN/AView Rating Details
11/3/2016FIG PartnersUpgradeMarket-Perform -> OutperformN/AView Rating Details
9/21/2015Piper Jaffray CompaniesInitiated CoverageNeutral$82.00N/AView Rating Details
6/22/2015WunderlichDowngradeBuy -> Hold$75.00N/AView Rating Details
(Data available from 5/23/2015 forward)

Earnings

Earnings History for South State (NASDAQ:SSB)
Earnings by Quarter for South State (NASDAQ:SSB)
Earnings History by Quarter for South State (NASDAQ:SSB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/20/2017        
4/21/2017Q1 2017$1.12$1.15$134.35 million$133.80 millionViewN/AView Earnings Details
1/27/2017Q416$1.15$1.15$117.50 million$113.43 millionViewN/AView Earnings Details
10/21/2016Q316$1.17$1.18$118.75 million$116.59 millionViewListenView Earnings Details
7/22/2016Q216$1.11$1.18$114.85 million$113.52 millionViewListenView Earnings Details
4/22/2016Q116$1.03$1.04$111.40 million$111.64 millionViewListenView Earnings Details
1/22/2016Q415$1.09$1.11$115.80 million$110.63 millionViewListenView Earnings Details
10/23/2015Q315$1.09$1.12$113.60 million$112.79 millionViewListenView Earnings Details
7/24/2015Q215$1.06$1.09$112.10 million$112.36 millionViewListenView Earnings Details
4/30/2015Q1$1.00$0.99$108.65 million$107.55 millionViewN/AView Earnings Details
1/27/2015Q414$1.03$0.88$106.88 million$106.85 millionViewN/AView Earnings Details
7/29/2014Q2$0.90$0.92$106.21 million$105.37 millionViewN/AView Earnings Details
4/25/2014$0.79$0.66$105.05 million$104.02 millionViewN/AView Earnings Details
1/28/2014Q413$0.74$0.80$109.56 millionViewN/AView Earnings Details
10/29/2013Q313$0.78$0.85$91.66 millionViewN/AView Earnings Details
7/26/2013Q2 2013$0.76$0.74$65.80 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for South State (NASDAQ:SSB)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$1.23$1.23$1.23
Q2 20171$1.26$1.26$1.26
Q3 20171$1.29$1.29$1.29
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for South State (NASDAQ:SSB)
Most Recent Dividend:5/19/2017
Annual Dividend:$1.28
Dividend Yield:1.53%
Payout Ratio:30.62% (Trailing 12 Months of Earnings)
27.00% (Based on This Year's Estimates)
23.62% (Based on Next Year's Estimates)
Dividend Payments by Quarter for South State (NASDAQ:SSB)

Dividend History by Quarter for South State (NASDAQ:SSB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/21/2017quarterly$0.331.46%5/10/20175/12/20175/19/2017
1/27/2017quarterly$0.331.44%2/15/20172/17/20172/24/2017
10/21/2016quarterly$0.321.75%11/8/201611/11/201611/18/2016
7/22/2016quarterly$0.311.59%8/10/20168/12/20168/19/2016
4/22/2016Quarterly$0.305/11/20165/13/20165/20/2016
1/22/2016Quarterly$0.282/10/20162/12/20162/19/2016
10/23/2015Quarterly$0.2611/10/201511/13/201511/20/2015
7/24/2015quarterly$0.251.31%8/12/20158/14/20158/21/2015
5/1/2015quarterly$0.241.42%5/20/20155/22/20155/29/2015
1/27/2015$0.232/11/20152/13/20152/20/2015
1/27/2015$0.232/11/20152/13/20152/20/2015
1/27/2015$0.232/11/20152/13/20152/20/2015
1/27/2015$0.232/11/20152/13/20152/20/2015
1/27/2015$0.232/11/20152/13/20152/20/2015
1/28/2015quarterly$0.231.52%2/11/20152/13/20152/20/2015
10/28/2014quarterly$0.221.49%11/12/201411/14/201411/21/2014
7/29/2014quarterly$0.211.45%8/13/20148/15/20148/22/2014
4/25/2014quarterly$0.201.35%5/14/20145/16/20145/23/2014
1/28/2014quarterly$0.191.25%2/12/20142/14/20142/21/2014
10/29/2013quarterly$0.191.27%11/13/201311/15/201311/22/2013
7/26/2013quarterly$0.191.38%8/14/20138/16/20138/23/2013
4/26/2013quarterly$0.181.51%5/15/20135/17/20135/24/2013
2/1/2013quarterly$0.181.67%2/13/20132/15/20132/22/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for South State (NASDAQ:SSB)
Insider Ownership Percentage: 4.18%
Institutional Ownership Percentage: 57.55%
Insider Trades by Quarter for South State (NASDAQ:SSB)
Institutional Ownership by Quarter for South State (NASDAQ:SSB)
Insider Trades by Quarter for South State (NASDAQ:SSB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/7/2017M Oswald FogleDirectorSell3,000$91.62$274,860.00View SEC Filing  
2/22/2017Alton Clarence PhillipsDirectorSell1,000$91.65$91,650.00View SEC Filing  
2/17/2017M Oswald FogleDirectorSell3,321$90.00$298,890.00View SEC Filing  
2/10/2017Renee R BrooksInsiderSell1,825$87.01$158,793.25View SEC Filing  
1/31/2017John C PollokInsiderSell8,483$89.27$757,277.41View SEC Filing  
11/22/2016Alton Clarence PhillipsDirectorSell1,000$86.00$86,000.00View SEC Filing  
11/17/2016Keith S RainwaterInsiderSell300$83.40$25,020.00View SEC Filing  
11/16/2016Alton Clarence PhillipsDirectorSell1,000$83.46$83,460.00View SEC Filing  
11/15/2016Robert R Hill JrInsiderSell800$83.62$66,896.00View SEC Filing  
11/14/2016Joe E BurnsInsiderSell2,500$83.40$208,500.00View SEC Filing  
11/11/2016Robert R Hill JrInsiderSell2,891$83.80$242,265.80View SEC Filing  
11/10/2016Alton Clarence PhillipsDirectorSell2,000$79.84$159,680.00View SEC Filing  
11/10/2016John F WindleyPresidentSell2,028$79.74$161,712.72View SEC Filing  
10/26/2016Joe E BurnsInsiderSell5,005$72.89$364,814.45View SEC Filing  
9/2/2016Robert R HorgerDirectorSell5,000$75.50$377,500.00View SEC Filing  
8/30/2016Keith S RainwaterEVPSell250$75.60$18,900.00View SEC Filing  
8/5/2016Robert R Hill JrCEOSell4,138$73.04$302,239.52View SEC Filing  
8/4/2016Robert R Hill JrCEOSell2,545$72.00$183,240.00View SEC Filing  
8/1/2016Robert R Hill JrCEOSell1,000$72.24$72,240.00View SEC Filing  
7/29/2016Robert R Hill JrCEOSell1,175$74.38$87,396.50View SEC Filing  
7/25/2016M Oswald FogleDirectorSell9,000$74.93$674,370.00View SEC Filing  
3/4/2016Joe E BurnsInsiderSell500$64.80$32,400.00View SEC Filing  
2/24/2016Luther J Battiste IIIDirectorSell352$61.10$21,507.20View SEC Filing  
2/12/2016Jimmy Evan AddisonDirectorBuy1,500$61.90$92,850.00View SEC Filing  
11/5/2015Robert R Hill JrCEOSell2,755$79.85$219,986.75View SEC Filing  
8/24/2015Robert H Demere JrDirectorBuy2,000$74.45$148,900.00View SEC Filing  
6/12/2015Robert R HorgerDirectorSell5,000$75.00$375,000.00View SEC Filing  
6/5/2015Robert R Hill JrCEOSell2,092$73.00$152,716.00View SEC Filing  
5/21/2015Luther J Battiste IIIDirectorSell2,500$72.23$180,575.00View SEC Filing  
5/15/2015M Oswald FogleDirectorSell6,000$70.09$420,540.00View SEC Filing  
1/28/2015Alton Clarence PhillipsDirectorBuy1,000$60.17$60,170.00View SEC Filing  
12/3/2014Robert R Hill JrCEOSell5,000$62.62$313,100.00View SEC Filing  
6/19/2014Robert H Demere JrDirectorBuy3,000$59.50$178,500.00View SEC Filing  
5/13/2014M Oswald FogleDirectorBuy2,000$57.50$115,000.00View SEC Filing  
5/7/2014M Oswald FogleDirectorBuy1,060$55.50$58,830.00View SEC Filing  
2/5/2014Alton Clarence PhillipsDirectorBuy1,000$59.00$59,000.00View SEC Filing  
3/21/2013Kevin P WalkerDirectorBuy2,000$49.92$99,840.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for South State (NASDAQ:SSB)
Latest Headlines for South State (NASDAQ:SSB)
Source:
DateHeadline
americanbankingnews.com logoSouth State Co. (SSB) Stock Rating Reaffirmed by Stephens
www.americanbankingnews.com - May 12 at 4:05 PM
finance.yahoo.com logoSouth State Corp. : SSB-US: Dividend Analysis : May 12th, 2017 (record date) : By the numbers : May 10, 2017
finance.yahoo.com - May 11 at 1:13 AM
americanbankingnews.com logoSouth State Co. (SSB) Downgraded by Zacks Investment Research to Sell
www.americanbankingnews.com - May 7 at 2:52 PM
americanbankingnews.com logoSouth State Co. (SSB) Expected to Announce Quarterly Sales of $137 Million
www.americanbankingnews.com - May 6 at 9:03 AM
americanbankingnews.com logoSouth State (SSB) Earns Daily News Impact Rating of 0.23
www.americanbankingnews.com - May 5 at 10:57 PM
americanbankingnews.com logoSouth State Co. (SSB) Expected to Announce Earnings of $1.18 Per Share
www.americanbankingnews.com - May 4 at 11:23 AM
americanbankingnews.com logoSouth State (SSB) Getting Favorable News Coverage, Report Finds
www.americanbankingnews.com - May 2 at 9:06 PM
finance.yahoo.com logoSouth State Corp. breached its 50 day moving average in a Bearish Manner : SSB-US : May 1, 2017
finance.yahoo.com - May 1 at 11:29 AM
americanbankingnews.com logoSouth State Co. (SSB) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - April 30 at 10:25 PM
americanbankingnews.com logoSouth State (SSB) Earning Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 29 at 7:59 PM
americanbankingnews.com logoSouth State (SSB) Receiving Positive Media Coverage, AlphaOne Reports
www.americanbankingnews.com - April 26 at 12:32 PM
americanbankingnews.com logoSouth State Co. (SSB) Posts Earnings Results, Beats Expectations By $0.03 EPS
www.americanbankingnews.com - April 24 at 1:04 PM
finance.yahoo.com logoEdited Transcript of SSB earnings conference call or presentation 21-Apr-17 2:00pm GMT
finance.yahoo.com - April 24 at 11:22 AM
americanbankingnews.com logoSomewhat Favorable News Coverage Extremely Likely to Affect South State (SSB) Stock Price
www.americanbankingnews.com - April 23 at 9:55 AM
finance.yahoo.com logoSouth State Corp. breached its 50 day moving average in a Bullish Manner : SSB-US : April 21, 2017
finance.yahoo.com - April 21 at 7:47 PM
americanbankingnews.com logoSouth State Co. Plans Quarterly Dividend of $0.33 (SSB)
www.americanbankingnews.com - April 21 at 6:52 PM
marketbeat.com logoSouth State posts 1Q profit
marketbeat.com - April 21 at 7:13 AM
americanbankingnews.com logoSouth State Co. (SSB) Scheduled to Post Earnings on Friday
www.americanbankingnews.com - April 19 at 7:14 AM
americanbankingnews.com logoSouth State (SSB) Earning Somewhat Positive News Coverage, Analysis Finds
www.americanbankingnews.com - April 17 at 1:38 PM
americanbankingnews.com logo Brokerages Anticipate South State Co. (SSB) Will Announce Quarterly Sales of $134.35 Million
www.americanbankingnews.com - April 15 at 9:14 AM
americanbankingnews.com logoSomewhat Positive News Coverage Somewhat Likely to Impact South State (SSB) Share Price
www.americanbankingnews.com - April 14 at 8:25 PM
americanbankingnews.com logoSouth State Co. (SSB) Expected to Announce Earnings of $1.13 Per Share
www.americanbankingnews.com - April 13 at 9:08 AM
americanbankingnews.com logoSouth State Co. (SSB) Downgraded by Zacks Investment Research
www.americanbankingnews.com - April 13 at 7:40 AM
americanbankingnews.com logoSouth State Co. (SSB) Rating Reiterated by Keefe, Bruyette & Woods
www.americanbankingnews.com - April 10 at 10:56 PM
americanbankingnews.com logoShare Repurchase Plan Announced by South State (SSB) Board
www.americanbankingnews.com - April 6 at 3:15 PM
finance.yahoo.com logoSouth State Corporation to Announce First Quarter 2017 Financial Results and Host Conference Call on April 21, 2017
finance.yahoo.com - March 30 at 8:28 PM
americanbankingnews.com logoSouth State Co. (SSB) Lifted to "Buy" at Zacks Investment Research
www.americanbankingnews.com - March 30 at 12:31 PM
finance.yahoo.com logoBochette Named Treasurer for South State Corporation
finance.yahoo.com - March 24 at 1:42 AM
biz.yahoo.com logoSOUTH STATE CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - February 24 at 10:51 PM
biz.yahoo.com logoSOUTH STATE CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - February 9 at 5:21 AM
us.rd.yahoo.com logoSouth State Corporation Reports 2016 Results; Increases Quarterly Cash Dividend
us.rd.yahoo.com - January 28 at 6:44 AM
us.rd.yahoo.com logo7:05 am South State reports Q4 results, beats by $0.01; raises quarterly dividend to $0.33/share from $0.32/share
us.rd.yahoo.com - January 28 at 6:44 AM
biz.yahoo.com logoQ4 2016 South State Corp Earnings Release - Before Market Open
us.rd.yahoo.com - January 28 at 6:44 AM
biz.yahoo.com logoSOUTH STATE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
biz.yahoo.com - January 28 at 6:44 AM
finance.yahoo.com logoEdited Transcript of SSB earnings conference call or presentation 27-Jan-17 3:00pm GMT
finance.yahoo.com - January 28 at 6:44 AM
biz.yahoo.com logoSOUTH STATE CORP Files SEC form 8-K/A, Financial Statements and Exhibits
biz.yahoo.com - January 7 at 5:06 AM
biz.yahoo.com logoSOUTH STATE CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Disposi
us.rd.yahoo.com - January 6 at 5:22 AM
biz.yahoo.com logoSOUTH STATE CORP Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - December 16 at 4:40 AM
us.rd.yahoo.com logoCoverage initiated on South State by Brean Capital
us.rd.yahoo.com - December 1 at 2:24 AM
finance.yahoo.com logoSouth State downgraded by Keefe Bruyette
finance.yahoo.com - November 29 at 3:33 PM
biz.yahoo.com logoSOUTH STATE CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Oblig
biz.yahoo.com - November 17 at 11:53 AM
finance.yahoo.com logoSOUTH STATE CORP Financials
finance.yahoo.com - November 16 at 7:54 PM
finance.yahoo.com logo5 Reasons to Buy South State Corp. (SSB) Stock Now
finance.yahoo.com - November 15 at 8:23 PM

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South State (SSB) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff