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NASDAQ:SSB

SouthState (SSB) Stock Price, News & Analysis

$79.51
-0.36 (-0.45%)
(As of 04:10 PM ET)
Today's Range
$79.30
$81.20
50-Day Range
$75.76
$85.03
52-Week Range
$62.09
$87.77
Volume
820,651 shs
Average Volume
418,784 shs
Market Capitalization
$6.06 billion
P/E Ratio
12.97
Dividend Yield
2.62%
Price Target
$89.83

SouthState MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
12.3% Upside
$89.83 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.85mentions of SouthState in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$644,065 Sold Last Quarter
Proj. Earnings Growth
10.68%
From $6.37 to $7.05 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.68 out of 5 stars

Finance Sector

345th out of 832 stocks

State Commercial Banks Industry

74th out of 167 stocks

SSB stock logo

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, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services. 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, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. In addition, it provides debit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking 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 management services; and credit cards, letters of credit, and home equity lines of credit. The company 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

SSB Stock News Headlines

SouthState Corporation (SSB) Gets a Buy from KBW
The Analyst Verdict: SouthState In The Eyes Of 4 Experts
South State Q1 2024 Earnings Preview
Houston SBA Trading and Sales Team Joins SouthState
Lake Norman brewery in bankruptcy
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Ex-Dividend for 5/17 Dividend
5/09/2024
Dividend Payable
5/17/2024
Today
5/21/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:SSB
CUSIP
78401V10
Employees
5,070
Year Founded
1934

Price Target and Rating

Average Stock Price Target
$89.83
High Stock Price Target
$102.00
Low Stock Price Target
$78.00
Potential Upside/Downside
+12.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$494.31 million
Pretax Margin
26.97%

Debt

Sales & Book Value

Annual Sales
$2.23 billion
Cash Flow
$7.86 per share
Book Value
$72.78 per share

Miscellaneous

Free Float
74,894,000
Market Cap
$6.10 billion
Optionable
Optionable
Beta
0.75

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SSB Stock Analysis - Frequently Asked Questions

Should I buy or sell SouthState stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last twelve months. There are currently 3 hold ratings and 3 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 target for 2024?

6 brokerages have issued 12 month target prices for SouthState's shares. Their SSB share price targets range from $78.00 to $102.00. On average, they predict the company's stock price to reach $89.83 in the next year. This suggests a possible upside of 12.3% 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 2024?

SouthState's stock was trading at $84.45 at the beginning of 2024. Since then, SSB stock has decreased by 5.2% and is now trading at $80.02.
View the best growth stocks for 2024 here
.

When is SouthState's next earnings date?

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

How were SouthState's earnings last quarter?

SouthState Co. (NASDAQ:SSB) announced its quarterly earnings data on Thursday, April, 25th. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.03. The bank earned $415.49 million during the quarter, compared to analyst estimates of $414.32 million. SouthState had a trailing twelve-month return on equity of 9.24% and a net margin of 20.91%. SouthState's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 EPS.

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

SouthState declared a quarterly dividend on Thursday, April 25th. Shareholders of record on Friday, May 10th will be given a dividend of $0.52 per share on Friday, May 17th. This represents a $2.08 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, May 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 2.57%. 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 33.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 29.50% 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).

Who are SouthState's major shareholders?

SouthState's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.01%), Earnest Partners LLC (1.91%), Allspring Global Investments Holdings LLC (1.47%), Allspring Global Investments Holdings LLC (1.47%), Silvercrest Asset Management Group LLC (0.85%) and Jupiter Asset Management Ltd. (0.46%). Insiders that own company stock include Daniel E Bockhorst, Douglas Lloyd Williams, Ernest S Pinner, G Ruffner Page Jr, Greg A Lapointe, John C Corbett, John C Pollok, Renee R Brooks, Richard Iv Murray, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SSB) was last updated on 5/21/2024 by MarketBeat.com Staff

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