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

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$82.65 +0.75 (+0.92 %)
(As of 09/18/2018 04:00 PM ET)
Previous Close$81.90
Today's Range$81.65 - $82.75
52-Week Range$79.85 - $94.50
Volume175,000 shs
Average Volume133,686 shs
Market Capitalization$3.00 billion
P/E Ratio17.04
Dividend Yield1.72%
Beta0.94
South State logoSouth 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

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

Debt

Debt-to-Equity Ratio0.05
Current Ratio0.94
Quick Ratio0.93

Price-To-Earnings

Trailing P/E Ratio17.04
Forward P/E Ratio14.45
P/E Growth1.78

Sales & Book Value

Annual Sales$575.15 million
Price / Sales5.29
Cash Flow$4.9849 per share
Price / Cash16.58
Book Value$62.81 per share
Price / Book1.32

Profitability

EPS (Most Recent Fiscal Year)$4.85
Net Income$87.55 million
Net Margins18.27%
Return on Equity8.41%
Return on Assets1.32%

Miscellaneous

Employees2,719
Outstanding Shares36,830,000
Market Cap$3.00 billion

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, July 31st. Stockholders of record on Friday, August 17th will be paid a dividend of $0.35 per share on Friday, August 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, August 16th. This is an increase from South State's previous quarterly dividend of $0.34. View South State's Dividend History.

How will South State's stock buyback program work?

South State declared that its Board of Directors has authorized a stock repurchase plan on Thursday, April 6th 2017, which authorizes the company to buyback 750,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

How were South State's earnings last quarter?

South State Corp (NASDAQ:SSB) announced its quarterly earnings results on Monday, July, 30th. The bank reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by $0.04. The bank earned $167.10 million during the quarter, compared to analysts' expectations of $177.03 million. South State had a return on equity of 8.41% and a net margin of 18.27%. South State's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the business earned $1.18 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, October, 23rd 2018. View Earnings Estimates for South State.

What price target have analysts set for SSB?

6 brokerages have issued 1 year price objectives for South State's stock. Their predictions range from $81.00 to $108.00. On average, they anticipate South State's stock price to reach $92.25 in the next year. This suggests a possible upside of 11.6% 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 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for South State.

Who are some of South State's key competitors?

Who are South State's key executives?

South State's management team includes the folowing people:
  • Mr. Robert R. Hill Jr., CEO & Director (Age 51)
  • Mr. John F. Windley, Chief Banking Officer (Age 65)
  • Mr. John C. Pollok, Sr. EVP, CFO & Director (Age 52)
  • Ms. Renee R. Brooks, Chief Operating Officer (Age 48)
  • Mr. Joseph E. Burns, Sr. EVP & Chief Credit Officer (Age 63)

Has South State been receiving favorable news coverage?

Press coverage about SSB stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. South State earned a daily sentiment score of 0.18 on Accern's scale. They also gave press coverage about the bank an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for South State.

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. (7.55%), Dimensional Fund Advisors LP (3.88%), Victory Capital Management Inc. (2.88%), Northern Trust Corp (2.06%), Bank of New York Mellon Corp (1.84%) and Bank of New York Mellon Corp (1.84%). Company insiders that own South State stock include Alton Clarence Phillips, James C Cherry, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, M Oswald Fogle, Martin Bernard Davis, Renee R Brooks, Robert R Hill Jr and Robert R Horger. View Institutional Ownership Trends for South State.

Which institutional investors are selling South State stock?

SSB stock was sold by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, Russell Investments Group Ltd., Millennium Management LLC, Renaissance Technologies LLC, BNP Paribas Arbitrage SA, First Trust Advisors LP, Copper Rock Capital Partners LLC and Maltese Capital Management LLC. 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, Robert R Hill Jr and Robert R Horger. View Insider Buying and Selling for South State.

Which institutional investors are buying South State stock?

SSB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Wells Fargo & Company MN, Bank of New York Mellon Corp, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc., Aurora Investment Counsel and Asset Advisors Corp. 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 $82.65.

How big of a company is South State?

South State has a market capitalization of $3.00 billion and generates $575.15 million in revenue each year. The bank earns $87.55 million in net income (profit) each year or $4.85 on an earnings per share basis. South State employs 2,719 workers across the globe.

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:  2.4 out of 5 (star star)
Outperform Votes:  259 (Vote Outperform)
Underperform Votes:  276 (Vote Underperform)
Total Votes:  535
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 9/18/2018 by MarketBeat.com Staff

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