NASDAQ:SSB

SouthState (SSB) Stock Forecast, Price & News

$67.36

+0.38 (+0.57%)

(As of 09/29/2023 ET)

Compare

Today's Range: $67.20
▼
$68.31
50-Day Range: $66.38
▼
$78.73
52-Week Range: $59.51
▼
$91.74

Volume: 378,835 shs
Average Volume: 356,071 shs
Market Capitalization: $5.12 billion

P/E Ratio: 9.51
Dividend Yield: 3.09%
Price Target: $81.75

SouthState MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 21.4% Upside
$81.75 Price Target
Short Interest: Bearish
5.68% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.57
Based on 9 Articles This Week
Insider Trading: Selling Shares
$316,760 Sold Last Quarter
Proj. Earnings Growth: -1.88%
From $6.91 to $6.78 Per Share

Overall MarketRank^™

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

1.99 out of 5 stars

Finance Sector

685th out of 879 stocks

State Commercial Banks Industry

166th out of 183 stocks

2.3

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 $81.75, SouthState has a forecasted upside of 21.4% from its current price of $67.36.
Amount of Analyst Coverage
SouthState has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
5.68% 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 11, which indicates bearish sentiment.
Change versus previous month
Short interest in SouthState has recently increased by 2.37%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Yield
SouthState pays a meaningful dividend of 3.11%, 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 29.38%. 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 30.68% 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.

2.0

News and Social Media Coverage

News Sentiment
SouthState has a news sentiment score of 0.57. 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 lower news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for SouthState this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 2 people have added SouthState to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SouthState insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $316,760.00 in company stock.
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 -1.88% in the coming year, from $6.91 to $6.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SouthState is 9.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of SouthState is 9.51, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.23.
Price to Book Value per Share Ratio
SouthState has a P/B Ratio of 1.00. 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 (NASDAQ:SSB) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

SSB Stock News Headlines

September 30, 2023 | americanbankingnews.com

Truist Financial Lowers SouthState (NASDAQ:SSB) to Hold

September 28, 2023 | msn.com

Truist Securities Downgrades SouthState (SSB)

October 1, 2023 | Legacy Research (Ad)

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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.

October 1, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

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

June 29, 2023 | finance.yahoo.com

SouthState Corporation to Announce Quarterly Earnings Results on Thursday, July 27, 2023

June 16, 2023 | fool.com

SouthState (NASDAQ: SSB)

May 28, 2023 | msn.com

SouthState: Reducing The Earnings Estimate And Downgrading To A Hold Rating

May 6, 2023 | finance.yahoo.com

Is It Smart To Buy SouthState Corporation (NASDAQ:SSB) Before It Goes Ex-Dividend?

April 29, 2023 | finance.yahoo.com

Here's Why We Think SouthState (NASDAQ:SSB) Might Deserve Your Attention Today

April 28, 2023 | seekingalpha.com

SouthState Corporation 2023 Q1 - Results - Earnings Call Presentation

April 12, 2023 | msn.com

Unusual Call Option Trade in South State (SSB) Worth $175.00K

April 6, 2023 | finance.yahoo.com

SouthState Corporation to Announce Quarterly Earnings Results on Thursday, April 27, 2023

March 23, 2023 | finance.yahoo.com

3.2% earnings growth over 5 years has not materialized into gains for SouthState (NASDAQ:SSB) shareholders over that period

March 15, 2023 | finance.yahoo.com

South State (SSB) Surges 9.2%: Is This an Indication of Further Gains?

January 28, 2023 | finance.yahoo.com

SouthState Full Year 2022 Earnings: EPS Misses Expectations

January 26, 2023 | finance.yahoo.com

South State (SSB) Misses Q4 Earnings Estimates

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SSB Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 8/18 Dividend: 8/10/2023
Dividend Payable: 8/18/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/23/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $81.75
High Stock Price Forecast: $90.00
Low Stock Price Forecast: $73.00
Forecasted Upside/Downside: +21.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.08
Trailing P/E Ratio: 9.51
Forward P/E Ratio: 9.75
P/E Growth: N/A
Net Income: $496.05 million
Net Margins: 26.78%
Pretax Margin: 34.26%
Return on Equity: 10.92%
Return on Assets: 1.25%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 0.88
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $1.76 billion
Price / Sales: 2.92
Cash Flow: $7.79 per share
Price / Cash Flow: 8.65
Book Value: $67.04 per share
Price / Book: 1.00

Miscellaneous

Outstanding Shares: 76,006,000
Free Float: 75,048,000
Market Cap: $5.12 billion
Optionable: Optionable
Beta: 0.83

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Key Executives

Mr. John C. Corbett (Age 54)
CEO & Director
Comp: $2.65M

Mr. William E. Matthews V (Age 58)
Sr. Exec. VP & CFO
Comp: $1.11M

Mr. Stephen Dean Young (Age 46)
Sr. Exec. VP & Chief Strategy Officer
Comp: $1.5M

Mr. Douglas L. Williams (Age 65)
Sr. Exec. VP, Pres of Atlanta Banking Group & Head of Corp. Banking
Comp: $4.12M

Mr. Richard Murray IV (Age 60)
Pres & Chief Banking Officer

Ms. Renee R. Brooks (Age 53)
Chief Operating Officer

Ms. Sara G. Arana (Age 39)
Sr. VP & Chief Accounting Officer

Ms. Beth S. DeSimone (Age 63)
Chief Risk Officer, Gen. Counsel & Corp. Sec.

Mr. John C. Pollok (Age 57)
Sr. Exec. VP

Mr. Greg A. Lapointe (Age 59)
Sr. Banking Advisor

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SSB Stock - Frequently Asked Questions

Should I buy or sell SouthState stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SSB shares.
View SSB analyst ratings or view top-rated stocks.
What is SouthState's stock price forecast for 2023?: 4 Wall Street research analysts have issued 1-year price objectives for SouthState's stock. Their SSB share price forecasts range from $73.00 to $90.00. On average, they expect the company's stock price to reach $81.75 in the next twelve months. This suggests a possible upside of 21.4% 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 the year. Since then, SSB shares have decreased by 11.8% and is now trading at $67.36.
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 Monday, October 23rd 2023.
View our SSB earnings forecast.
How were SouthState's earnings last quarter?: SouthState Co. (NASDAQ:SSB) released its quarterly earnings data on Thursday, July, 27th. The bank reported $1.63 EPS for the quarter, missing analysts' consensus estimates of $1.83 by $0.20. The bank earned $555.27 million during the quarter, compared to analyst estimates of $433.04 million. SouthState had a trailing twelve-month return on equity of 10.92% and a net margin of 26.78%. The company's revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS.
How often does SouthState pay dividends? What is the dividend yield for SouthState?: SouthState declared a quarterly dividend on Thursday, July 27th. Stockholders of record on Friday, August 11th will be given a dividend of $0.52 per share on Friday, August 18th. This represents a $2.08 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from the stock's previous quarterly dividend of $0.23.
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).

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 3.11%. 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 29.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 30.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSB.
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).
What is SouthState's stock symbol?: SouthState trades on the NASDAQ under the ticker symbol "SSB."
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.
What is SouthState's stock price today?: One share of SSB stock can currently be purchased for approximately $67.36.
How much money does SouthState make?: SouthState (NASDAQ:SSB) has a market capitalization of $5.12 billion and generates $1.76 billion in revenue each year. The bank earns $496.05 million in net income (profit) each year or $7.08 on an earnings per share basis.
How many employees does SouthState have?: The company employs 4,921 workers across the globe.
How can I contact SouthState?: SouthState's mailing address is 1101 FIRST STREET SOUTH SUITE 202, WINTER HAVEN FL, 33880. The official website for the company is www.southstatebank.com. The bank can be reached via phone at (800) 277-2175, via email at investorrelations@southstatebank.com, or via fax at 803-765-1966.

This page (NASDAQ:SSB) was last updated on 10/1/2023 by MarketBeat.com Staff

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