NASDAQ:SSB - South State Stock Price, News, & Analysis

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$64.53 -3.19 (-4.71 %)
(As of 03/24/2019 01:31 AM ET)
Previous Close$64.53
Today's Range$63.91 - $67.26
52-Week Range$56.55 - $93.25
Volume365,125 shs
Average Volume201,954 shs
Market Capitalization$2.28 billion
P/E Ratio11.73
Dividend Yield2.24%
Beta1.23
South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, trust and wealth management, and consumer finance loans. The company accepts demand deposits, savings deposits, interest-bearing transaction accounts, certificates of deposit, and other time deposits; and offers lending and credit card, ATM processing, and wealth management and trust services. It serves customers through 181 financial centers in 29 South Carolina counties, 9 North Carolina counties, 19 Georgia counties, and 4 Virginia counties. The company was formerly known as First Financial Holdings, Inc. and changed its name to South State Corporation in July 2013. South State Corporation was founded in 1933 and is headquartered in Columbia, South Carolina.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SSB
CUSIP78401V10
Phone800-277-2175

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$712.96 million
Cash Flow$6.4018 per share
Book Value$64.78 per share

Profitability

Net Income$178.87 million

Miscellaneous

Employees2,602
Market Cap$2.28 billion
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

South State (NASDAQ:SSB) Frequently Asked Questions

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 declared a quarterly dividend on Tuesday, January 29th. Stockholders of record on Friday, February 15th will be paid a dividend of $0.38 per share on Friday, February 22nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, February 14th. This is a boost from South State's previous quarterly dividend of $0.36. View South State's Dividend History.

How will South State's stock buyback program work?

South State announced that its Board of Directors has approved a stock buyback program on Thursday, April 6th 2017, which authorizes the company to repurchase 750,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its stock is undervalued.

How were South State's earnings last quarter?

South State Corp (NASDAQ:SSB) released its quarterly earnings data on Monday, January, 28th. The bank reported $1.35 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.32 by $0.03. The bank had revenue of $162.03 million for the quarter, compared to analyst estimates of $160.79 million. South State had a return on equity of 8.59% and a net margin of 24.99%. During the same quarter last year, the business earned $1.30 EPS. View South State's Earnings History.

When is South State's next earnings date?

South State is scheduled to release their next quarterly earnings announcement on Tuesday, April 23rd 2019. View Earnings Estimates for South State.

What price target have analysts set for SSB?

6 equities research analysts have issued 1 year price objectives for South State's shares. Their forecasts range from $57.00 to $90.00. On average, they anticipate South State's share price to reach $76.75 in the next year. This suggests a possible upside of 18.9% from the stock's current price. View Analyst Price Targets for South State.

What is the consensus analysts' recommendation for South State?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for South State.

Has South State been receiving favorable news coverage?

News stories about SSB stock have trended somewhat negative this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. South State earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future.

Who are some of South State's key competitors?

What other stocks do shareholders of South State own?

Based on aggregate information from My MarketBeat watchlists, some companies that other South State investors own include Procter & Gamble (PG), NVIDIA (NVDA), Cisco Systems (CSCO), AAR (AIR), TENCENT HOLDING/ADR (TCEHY), Tesla (TSLA), Innovative Industrial Properties (IIPR), Micron Technology (MU), Shopify (SHOP) and Universal Display (OLED).

Who are South State's key executives?

South State's management team includes the folowing people:
  • Mr. Robert R. Hill Jr., CEO & Director (Age 52)
  • Mr. John C. Pollok, Sr. EVP, CFO & Director (Age 53)
  • Ms. Renee R. Brooks, Sr. EVP & COO (Age 49)
  • Mr. Joseph E. Burns, Exec. Officer (Age 64)
  • Mr. James C. Mabry IV, Exec. VP of Investor Relations & Mergers-Acquisitions (Age 60)

Who are South State's major shareholders?

South State's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.32%), Dimensional Fund Advisors LP (4.31%), Victory Capital Management Inc. (3.21%), Fenimore Asset Management Inc. (2.40%), Northern Trust Corp (2.06%) and Bank of New York Mellon Corp (2.02%). Company insiders that own South State stock include James C Cherry, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, Martin Bernard Davis, Paula Harper Bethea, Robert H Demere Jr, Robert R Hill Jr and Robert R Horger. View Institutional Ownership Trends for South State.

Which major investors are selling South State stock?

SSB stock was sold by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp, Channing Capital Management LLC, BlackRock Inc., Bank of America Corp DE, New York State Common Retirement Fund, MetLife Investment Advisors LLC, Comerica Bank and Raymond James & Associates. Company insiders that have sold South State company stock in the last year include James C Cherry, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater and Robert R Hill Jr. View Insider Buying and Selling for South State.

Which major investors are buying South State stock?

SSB stock was bought by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc., Tributary Capital Management LLC, Norges Bank, Dimensional Fund Advisors LP, Millennium Management LLC, Prudential Financial Inc., American Century Companies Inc. and Geode Capital Management LLC. Company insiders that have bought South State stock in the last two years include Martin Bernard Davis, Paula Harper Bethea and Robert H Demere Jr. View Insider Buying and Selling for South State.

How do I buy shares of South State?

Shares of SSB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is South State's stock price today?

One share of SSB stock can currently be purchased for approximately $64.53.

How big of a company is South State?

South State has a market capitalization of $2.28 billion and generates $712.96 million in revenue each year. The bank earns $178.87 million in net income (profit) each year or $5.50 on an earnings per share basis. South State employs 2,602 workers across the globe.

What is South State's official website?

The official website for South State is http://www.southstatebank.com.

How can I contact South State?

South State's mailing address is 520 GERVAIS STREET, COLUMBIA SC, 29201. The bank can be reached via phone at 800-277-2175.


MarketBeat Community Rating for South State (NASDAQ SSB)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  304 (Vote Outperform)
Underperform Votes:  346 (Vote Underperform)
Total Votes:  650
MarketBeat's community ratings are surveys of what our community members think about South State and other stocks. Vote "Outperform" if you believe SSB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SSB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

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