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

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$67.09 +0.22 (+0.33 %)
(As of 01/22/2019 04:09 AM ET)
Previous Close$66.87
Today's Range$66.55 - $67.7904
52-Week Range$56.55 - $93.25
Volume198,672 shs
Average Volume196,360 shs
Market Capitalization$2.45 billion
P/E Ratio13.83
Dividend Yield2.15%
Beta1.18
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$575.15 million
Cash Flow$4.9150 per share
Book Value$62.81 per share

Profitability

Net Income$87.55 million

Miscellaneous

Employees2,719
Market Cap$2.45 billion
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 announced a quarterly dividend on Tuesday, October 23rd. Shareholders of record on Friday, November 9th will be given a dividend of $0.36 per share on Friday, November 16th. This represents a $1.44 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Thursday, November 8th. This is a positive change from South State's previous quarterly dividend of $0.35. View South State's Dividend History.

How will South State's stock buyback program work?

South State declared that its board has initiated a stock buyback program on Thursday, April 6th 2017, which permits the company to buyback 750,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership 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, October, 22nd. The bank reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.44 by $0.11. The bank had revenue of $160.32 million for the quarter, compared to analyst estimates of $167.07 million. South State had a return on equity of 8.32% and a net margin of 19.08%. During the same quarter in the prior year, the firm posted $1.22 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 Monday, January 28th 2019. View Earnings Estimates for South State.

How can I listen to South State's earnings call?

South State will be holding an earnings conference call on Tuesday, January 29th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8775069272.

What price target have analysts set for SSB?

6 analysts have issued 1-year price objectives for South State's stock. 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 14.4% 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 coverage about SSB stock has trended very positive on Tuesday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. South State earned a media sentiment score of 3.2 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

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 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)
  • Mr. John F. Windley, Chief Banking Officer (Age 65)

Who are South State's major shareholders?

South State's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fenimore Asset Management Inc. (2.40%), Dalton Greiner Hartman Maher & Co. (0.14%) and Livingston Group Asset Management CO operating as Southport Capital Management (0.01%). 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, Paula Harper Bethea, Renee R Brooks, 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 Livingston Group Asset Management CO operating as Southport Capital Management. 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. and Dalton Greiner Hartman Maher & Co.. 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 $67.09.

How big of a company is South State?

South State has a market capitalization of $2.45 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.

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:  2.4 out of 5 (star star)
Outperform Votes:  288 (Vote Outperform)
Underperform Votes:  318 (Vote Underperform)
Total Votes:  606
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 1/22/2019 by MarketBeat.com Staff

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