Should I buy or sell SouthState stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SSB shares. View SSB analyst ratings or view top-rated stocks .

What is SouthState's stock price target for 2024?

4 analysts have issued 12-month price targets for SouthState's stock. Their SSB share price targets range from $73.00 to $90.00. On average, they expect the company's share price to reach $80.50 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price. View analysts price targets for SSB or view top-rated stocks among Wall Street analysts .

How have SSB shares performed in 2023?

SouthState's stock was trading at $76.36 at the beginning of 2023. Since then, SSB shares have increased by 2.8% and is now trading at $78.52. View the best growth stocks for 2023 here .

When is SouthState's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024. View our SSB earnings forecast .

How were SouthState's earnings last quarter?

SouthState Co. (NASDAQ:SSB) posted its earnings results on Friday, October, 27th. The bank reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.63 by $0.01. The bank had revenue of $573.36 million for the quarter, compared to analyst estimates of $429.70 million. SouthState had a trailing twelve-month return on equity of 10.38% and a net margin of 24.84%. During the same period last year, the firm earned $1.89 earnings per share.

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

SouthState announced a quarterly dividend on Thursday, October 26th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.52 per share on Friday, November 17th. This represents a $2.08 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Thursday, November 9th. Read our dividend analysis for SSB .

Is SouthState a good dividend stock?

SouthState (NASDAQ:SSB) pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.65%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 31.90% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SSB .

What ETFs hold SouthState's stock?

ETFs with the largest weight of SouthState (NASDAQ:SSB) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA) , Invesco KBW Regional Banking ETF (KBWR) , SPDR S&P Regional Banking ETF (KRE) , SPDR S&P Bank ETF (KBE) , iShares U.S. Regional Banks ETF (IAT) , JPMorgan Active Small Cap Value ETF (JPSV) , Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust Nasdaq Bank ETF (FTXO) .

What other stocks do shareholders of SouthState own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SouthState investors own include NVIDIA (NVDA) , CVS Health (CVS) , QUALCOMM (QCOM) , Boeing (BA) , Procter & Gamble (PG) , Stitch Fix (SFIX) , UGI (UGI) , Illumina (ILMN) , Johnson & Johnson (JNJ) and Mastercard (MA) .

Who are SouthState's major shareholders?

SouthState's stock is owned by many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.80%), American Century Companies Inc. (2.54%), Earnest Partners LLC (2.04%), Wellington Management Group LLP (1.95%), Morgan Stanley (1.77%) and Allspring Global Investments Holdings LLC (1.56%). Insiders that own company stock include Douglas Lloyd Williams , Ernest S Pinner , G Ruffner Page Jr , Greg A Lapointe , John C Corbett , John C Pollok , Renee R Brooks , Robert R Hill Jr , Robert R Horger , Ronald M Cofield and William E V Matthews . View institutional ownership trends .

How do I buy shares of SouthState?

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

Positive News SentimentPositive News

SouthState Stock Price, News & Analysis (NASDAQ:SSB)

$78.52

-0.01 (-0.01%)

(As of 12/6/2023 ET)

Compare

Today's Range: $78.45
▼
$81.41
50-Day Range: $64.49
▼
$80.05
52-Week Range: $59.51
▼
$85.38

Volume: 329,977 shs
Average Volume: 580,017 shs
Market Capitalization: $5.97 billion

P/E Ratio: 11.30
Dividend Yield: 2.65%
Price Target: $80.50

SouthState MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 2.5% Upside
$80.50 Price Target
Short Interest: Bearish
6.40% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth: -2.83%
From $6.71 to $6.52 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.73 out of 5 stars

Finance Sector

584th out of 717 stocks

State Commercial Banks Industry

117th out of 140 stocks

1.3

Analyst's Opinion

Consensus Rating
SouthState has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $80.50, SouthState has a forecasted upside of 2.5% from its current price of $78.52.
Amount of Analyst Coverage
SouthState has only been the subject of 2 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
6.40% of the outstanding shares of SouthState have been sold short.
Short Interest Ratio / Days to Cover
SouthState has a short interest ratio ("days to cover") of 12.6, which indicates bearish sentiment.
Change versus previous month
Short interest in SouthState has recently increased by 12.47%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
SouthState pays a meaningful dividend of 2.65%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
SouthState has been increasing its dividend for 12 years.
Dividend Coverage
The dividend payout ratio of SouthState is 29.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, SouthState will have a dividend payout ratio of 31.90% next year. This indicates that SouthState will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SSB.

2.6

News and Social Media Coverage

News Sentiment
SouthState has a news sentiment score of 1.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for SouthState this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 3 people have added SouthState to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SouthState insiders have sold just slightly more of their company's stock than they have bought. Specifically, they have bought $181,493.00 in company stock and sold $197,132.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings.
Percentage Held by Insiders
Only 1.26% of the stock of SouthState is held by insiders.
Percentage Held by Institutions
88.47% of the stock of SouthState is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for SouthState are expected to decrease by -2.83% in the coming year, from $6.71 to $6.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SouthState is 11.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of SouthState is 11.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.05.
Price to Book Value per Share Ratio
SouthState has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SouthState Stock (NASDAQ:SSB)

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. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment loans. In addition, it provides debit card, mobile and funds transfer products, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust and asset management services; and credit cards, letters of credit, and home equity lines of credit. SouthState Corporation also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

SSB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SSB Stock News Headlines

November 17, 2023 | seekingalpha.com

SouthState Corporation: Unjust Valuation Based On Performance

November 17, 2023 | benzinga.com

Maximizing Investor Returns: SouthState Unleashes Growth Potential with Strong Performance

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November 17, 2023 | finance.yahoo.com

Insider Sell Alert: Chief Banking Officer Greg Lapointe Sells Shares of SouthState Corp

November 15, 2023 | finance.yahoo.com

Insider Buying: Director PAGE G RUFFNER JR Acquires Shares of SouthState Corp (SSB)

November 14, 2023 | morningstar.com

SouthState Corp SSB

November 4, 2023 | finance.yahoo.com

There's A Lot To Like About SouthState's (NASDAQ:SSB) Upcoming US$0.52 Dividend

November 2, 2023 | sg.finance.yahoo.com

Interest Rates and Returns for Singapore Savings Bonds (SSB) in October 2023

December 7, 2023 | Edge On The Street (Ad)

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October 31, 2023 | msn.com

Raymond James Maintains SouthState (SSB) Outperform Recommendation

October 30, 2023 | benzinga.com

SouthState Stock (NASDAQ:SSB), Analyst Ratings, Price Targets, Predictions

October 29, 2023 | insidermonkey.com

SouthState Corporation (NASDAQ:SSB) Q3 2023 Earnings Call Transcript

October 26, 2023 | finance.yahoo.com

South State (SSB) Misses Q3 Earnings and Revenue Estimates

October 26, 2023 | finance.yahoo.com

SouthState Corporation Reports Third Quarter 2023 Results, Declares Quarterly Cash Dividend

October 2, 2023 | finance.yahoo.com

SouthState Corporation to Announce Quarterly Earnings Results on Thursday, October 26, 2023

September 28, 2023 | msn.com

Truist Securities Downgrades SouthState (SSB)

September 27, 2023 | msn.com

SouthState cut to Hold at Truist on valuation, lack of catalysts

September 16, 2023 | finance.yahoo.com

Investors in SouthState (NASDAQ:SSB) have seen favorable returns of 47% over the past three years

September 1, 2023 | seekingalpha.com

SouthState: A Sturdy Institution With Growth Potential, But Limited Upside

August 11, 2023 | benzinga.com

Congressional Trading Report: Rep. Rick Allen Sold Over $850K In SouthState Stock

August 11, 2023 | barrons.com

SouthState Corp.

August 10, 2023 | seekingalpha.com

SouthState Corporation 2023 Q2 - Results - Earnings Call Presentation

August 1, 2023 | finance.yahoo.com

SouthState (NASDAQ:SSB) Has Announced That It Will Be Increasing Its Dividend To $0.52

July 30, 2023 | finance.yahoo.com

SouthState Corporation (NASDAQ:SSB) Q2 2023 Earnings Call Transcript

July 29, 2023 | theglobeandmail.com

SouthState Corporation Reports Second Quarter 2023 Results, Declares an Increase in the Quarterly Cash Dividend

July 28, 2023 | finance.yahoo.com

South State (SSB) Reports Q2 Earnings: What Key Metrics Have to Say

June 30, 2023 | msn.com

Truist Securities Maintains SouthState (SSB) Buy Recommendation

See More Headlines

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Company Calendar

Last Earnings: 10/27/2023
Ex-Dividend for 11/17 Dividend: 11/09/2023
Dividend Payable: 11/17/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/25/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:SSB
CUSIP: 78401V10
CIK: 764038
Web: www.southstatebank.com
Phone: (800) 277-2175
Fax: 803-765-1966
Employees: 4,921
Year Founded: 1934

Price Target and Rating

Average Stock Price Target: $80.50
High Stock Price Target: $90.00
Low Stock Price Target: $73.00
Potential Upside/Downside: +2.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.95
Trailing P/E Ratio: 11.30
Forward P/E Ratio: 11.70
P/E Growth: N/A
Net Income: $496.05 million
Net Margins: 24.84%
Pretax Margin: 31.67%
Return on Equity: 10.38%
Return on Assets: 1.21%

Debt

Debt-to-Equity Ratio: 0.05
Current Ratio: 0.89
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $1.75 billion
Price / Sales: 3.42
Cash Flow: $7.77 per share
Price / Cash Flow: 10.10
Book Value: $67.04 per share
Price / Book: 1.17

Miscellaneous

Outstanding Shares: 76,065,000
Free Float: 75,107,000
Market Cap: $5.97 billion
Optionable: Optionable
Beta: 0.81

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Key Executives

Mr. John C. Corbett (Age 54)
CEO & Director
Comp: $2.65M
Mr. William E. Matthews V (Age 58)
Senior Executive VP & CFO
Comp: $1.11M
Mr. Stephen Dean Young (Age 46)
Senior Executive VP & Chief Strategy Officer
Comp: $1.5M
Mr. Douglas L. Williams (Age 65)
Senior Executive VP, President of Atlanta Banking Group & Head of Corporate Banking
Comp: $4.12M
Mr. Richard Murray IV (Age 60)
President & Chief Banking Officer
Ms. Renee R. Brooks (Age 53)
Chief Operating Officer
Comp: $1.27M
Ms. Sara G. Arana (Age 39)
Senior VP & Chief Accounting Officer
Ms. Beth S. DeSimone (Age 63)
Chief Risk Officer, General Counsel & Corporate Secretary
Mr. John C. Pollok (Age 57)
Senior Executive Vice President
Comp: $4.71M
Mr. Greg A. Lapointe (Age 59)
Senior Banking Advisor
Comp: $825k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SSB Stock Analysis - Frequently Asked Questions

Should I buy or sell SouthState stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SSB shares.
View SSB analyst ratings or view top-rated stocks.
What is SouthState's stock price target for 2024?: 4 analysts have issued 12-month price targets for SouthState's stock. Their SSB share price targets range from $73.00 to $90.00. On average, they expect the company's share price to reach $80.50 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
View analysts price targets for SSB or view top-rated stocks among Wall Street analysts.
How have SSB shares performed in 2023?: SouthState's stock was trading at $76.36 at the beginning of 2023. Since then, SSB shares have increased by 2.8% and is now trading at $78.52.
View the best growth stocks for 2023 here.
When is SouthState's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our SSB earnings forecast.
How were SouthState's earnings last quarter?: SouthState Co. (NASDAQ:SSB) posted its earnings results on Friday, October, 27th. The bank reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.63 by $0.01. The bank had revenue of $573.36 million for the quarter, compared to analyst estimates of $429.70 million. SouthState had a trailing twelve-month return on equity of 10.38% and a net margin of 24.84%. During the same period last year, the firm earned $1.89 earnings per share.
How often does SouthState pay dividends? What is the dividend yield for SouthState?: SouthState announced a quarterly dividend on Thursday, October 26th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.52 per share on Friday, November 17th. This represents a $2.08 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Thursday, November 9th.
Read our dividend analysis for SSB.

Is SouthState a good dividend stock?: SouthState (NASDAQ:SSB) pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.65%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 31.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSB.
What ETFs hold SouthState's stock?: ETFs with the largest weight of SouthState (NASDAQ:SSB) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), iShares U.S. Regional Banks ETF (IAT), JPMorgan Active Small Cap Value ETF (JPSV), Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust Nasdaq Bank ETF (FTXO).
What other stocks do shareholders of SouthState own?: Based on aggregate information from My MarketBeat watchlists, some companies that other SouthState investors own include NVIDIA (NVDA), CVS Health (CVS), QUALCOMM (QCOM), Boeing (BA), Procter & Gamble (PG), Stitch Fix (SFIX), UGI (UGI), Illumina (ILMN), Johnson & Johnson (JNJ) and Mastercard (MA).
Who are SouthState's major shareholders?: SouthState's stock is owned by many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.80%), American Century Companies Inc. (2.54%), Earnest Partners LLC (2.04%), Wellington Management Group LLP (1.95%), Morgan Stanley (1.77%) and Allspring Global Investments Holdings LLC (1.56%). Insiders that own company stock include Douglas Lloyd Williams, Ernest S Pinner, G Ruffner Page Jr, Greg A Lapointe, John C Corbett, John C Pollok, Renee R Brooks, Robert R Hill Jr, Robert R Horger, Ronald M Cofield and William E V Matthews.
View institutional ownership trends.
How do I buy shares of SouthState?: Shares of SSB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SSB) was last updated on 12/7/2023 by MarketBeat.com Staff

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