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NASDAQ:SSB

South State Stock Forecast, Price & News

$59.58
+1.71 (+2.95 %)
(As of 10/29/2020 12:00 AM ET)
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Today's Range
$56.43
Now: $59.58
$60.30
50-Day Range
$45.52
MA: $53.01
$62.90
52-Week Range
$40.42
Now: $59.58
$88.10
Volume365,563 shs
Average Volume342,132 shs
Market Capitalization$4.23 billion
P/E Ratio35.05
Dividend Yield3.25%
Beta1.16
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, and trust and wealth management services. The company accepts demand deposits, savings deposits, interest-bearing transaction accounts, checking accounts, money market accounts, certificates of deposit, and other time deposits. It also offers commercial real estate loans, residential real estate loans, commercial and industrial loans, and other consumer loans; lending and credit card services; and automated teller machines processing services. In addition, the company provides treasury management services, merchant services, debit card products, automated clearing house services, lock-box services, remote deposit capture services, and other treasury services. As of December 31, 2019, it served customers through 155 financial centers in 29 South Carolina counties, nine North Carolina counties, 17 Georgia counties, and four 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.64 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SSB
CUSIP78401V10
Phone863-293-4710
Employees5,368

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$734.39 million
Cash Flow$7.74 per share
Book Value$70.33 per share

Profitability

Net Income$186.48 million

Miscellaneous

Market Cap$4.23 billion
Next Earnings DateN/A
OptionableOptionable
$59.58
+1.71 (+2.95 %)
(As of 10/29/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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South State (NASDAQ:SSB) Frequently Asked Questions

How has South State's stock price been impacted by COVID-19 (Coronavirus)?

South State's stock was trading at $57.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SSB shares have increased by 4.3% and is now trading at $59.58.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of South State?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for South State
.

How were South State's earnings last quarter?

South State Co. (NASDAQ:SSB) announced its earnings results on Thursday, July, 30th. The bank reported $0.89 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.87. The bank had revenue of $216.90 million for the quarter, compared to analysts' expectations of $215.65 million. South State had a net margin of 4.99% and a return on equity of 5.82%.
View South State's earnings history
.

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

South State announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.47 per share on Friday, August 21st. This represents a $1.88 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, August 13th.
View South State's dividend history
.

What price target have analysts set for SSB?

6 equities research analysts have issued 12-month price targets for South State's stock. Their forecasts range from $58.00 to $74.00. On average, they expect South State's stock price to reach $66.75 in the next twelve months. This suggests a possible upside of 12.0% from the stock's current price.
View analysts' price targets for South State
.

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 NVIDIA (NVDA), CVS Health (CVS), QUALCOMM (QCOM), The Boeing (BA), The Procter & Gamble (PG), Stitch Fix (SFIX), UGI (UGI), Illumina (ILMN), Johnson & Johnson (JNJ) and Mastercard (MA).

Who are South State's key executives?

South State's management team includes the following people:
  • Mr. Robert R. Hill Jr., Exec. Chairman (Age 53, Pay $2.02M)
  • Ms. Renee R. Brooks, Chief Operating Officer (Age 50, Pay $690.99k)
  • Mr. John C. Pollok, Sr. EVP & Director (Age 54, Pay $1.33M)
  • Mr. Greg A. Lapointe, Chief Banking Officer (Age 56, Pay $767.25k)
  • Mr. John S. Goettee, Pres of Central Banking Group (Age 62, Pay $653.72k)
  • Mr. John C. Corbett, CEO & Director (Age 51)
  • Mr. Richard Murray IV, Pres (Age 57)
  • Mr. William E. Matthews V, Chief Financial Officer (Age 55)
  • Mr. Keith S. Rainwater, Exec. VP & Principal Accounting Officer (Age 57)
  • Ms. Sara G. Arana, Chief Accounting Officer (Age 37)

What is South State's stock symbol?

South State trades on the NASDAQ under the ticker symbol "SSB."

Who are South State's major shareholders?

South State's stock is owned by many different retail and institutional investors. Top institutional investors include Fenimore Asset Management Inc. (1.21%), Standard Life Aberdeen plc (0.70%), Tributary Capital Management LLC (0.54%), Peregrine Capital Management LLC (0.20%), Dalton Greiner Hartman Maher & Co. (0.14%) and Crawford Investment Counsel Inc. (0.10%). Company insiders that own South State stock include David G Salyers, James C Cherry, James W Roquemore, Joe E Burns, John C Corbett, John C Pollok, John F Windley, Keith S Rainwater, 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 Dalton Greiner Hartman Maher & Co., Fenimore Asset Management Inc., State of New Jersey Common Pension Fund D, Standard Life Aberdeen plc, Arlington Partners LLC, Ingalls & Snyder LLC, DAVENPORT & Co LLC, and IFP Advisors Inc.
View insider buying and selling activity 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 Peregrine Capital Management LLC, Tributary Capital Management LLC, Red Spruce Capital LLC, Crawford Investment Counsel Inc., Envestnet Asset Management Inc., Nachman Norwood & Parrott Inc, Keybank National Association OH, and Nisa Investment Advisors LLC. Company insiders that have bought South State stock in the last two years include David G Salyers, John C Corbett, Paula Harper Bethea, and Robert H Demere Jr.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is South State's stock price today?

One share of SSB stock can currently be purchased for approximately $59.58.

How big of a company is South State?

South State has a market capitalization of $4.23 billion and generates $734.39 million in revenue each year. The bank earns $186.48 million in net income (profit) each year or $5.63 on an earnings per share basis. South State employs 5,368 workers across the globe.

What is South State's official website?

The official website for South State is www.southstatebank.com.

How can I contact South State?

South State's mailing address is 1101 FIRST STREET SOUTH SUITE 202, WINTER HAVEN FL, 33880. The bank can be reached via phone at 863-293-4710.

This page was last updated on 10/30/2020 by MarketBeat.com Staff

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