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

$84.20
+0.38 (+0.45 %)
(As of 12/6/2019 04:00 PM ET)
Today's Range
$83.97
Now: $84.20
$85.40
50-Day Range
$76.25
MA: $80.87
$84.25
52-Week Range
$56.55
Now: $84.20
$85.40
Volume138,712 shs
Average Volume157,319 shs
Market Capitalization$2.84 billion
P/E Ratio15.31
Dividend Yield2.20%
Beta1.34
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 services, 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, and ATM processing services. Read More…

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$712.96 million
Cash Flow$6.79 per share
Book Value$64.78 per share

Profitability

Net Income$178.87 million

Miscellaneous

Employees2,602
Market Cap$2.84 billion
Next Earnings Date1/27/2020 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Monday, October 28th. Stockholders of record on Friday, November 8th will be given a dividend of $0.46 per share on Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from South State's previous quarterly dividend of $0.43. View South State's Dividend History.

How were South State's earnings last quarter?

South State Corp (NASDAQ:SSB) posted its earnings results on Monday, October, 28th. The bank reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.06. The bank earned $164.96 million during the quarter, compared to the consensus estimate of $163.79 million. South State had a return on equity of 8.22% and a net margin of 25.53%. South State's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 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 27th 2020. View Earnings Estimates for South State.

What price target have analysts set for SSB?

3 Wall Street analysts have issued 12 month price objectives for South State's shares. Their forecasts range from $63.00 to $88.00. On average, they anticipate South State's stock price to reach $75.50 in the next twelve months. This suggests that the stock has a possible downside of 10.3%. View Analyst Price Targets for South State.

What is the consensus analysts' recommendation for South State?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 2 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?

Press coverage about SSB stock has trended extremely positive this week, InfoTrie reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. South State earned a daily sentiment score of 4.1 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for South State.

Are investors shorting South State?

South State saw a drop in short interest in November. As of November 15th, there was short interest totalling 1,640,000 shares, a drop of 8.4% from the October 31st total of 1,790,000 shares. Based on an average daily trading volume, of 141,000 shares, the short-interest ratio is currently 11.6 days. Currently, 5.0% of the company's shares are sold short. View South State's Current Options Chain.

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 CVS Health (CVS), Procter & Gamble (PG), Cisco Systems (CSCO), NVIDIA (NVDA), AbbVie (ABBV), Steelcase (SCS), Valero Energy (VLO), Automatic Data Processing (ADP), Daseke (DSKE) and Expedia Group (EXPE).

Who are South State's key executives?

South State's management team includes the folowing people:
  • Mr. Robert R. Hill Jr., CEO & Director (Age 52)
  • Mr. John C. Pollok, Sr. EVP, CFO & Director (Age 53)
  • Ms. Renee R. Brooks, Sr. EVP & COO (Age 49)
  • Mr. Joseph E. Burns, Exec. Officer (Age 64)
  • Mr. James C. Mabry IV, Exec. VP of Investor Relations & Mergers-Acquisitions (Age 60)

Who are South State's major shareholders?

South State's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (2.90%), Fenimore Asset Management Inc. (2.62%), Tributary Capital Management LLC (0.92%), Dalton Greiner Hartman Maher & Co. (0.59%), Chartwell Investment Partners LLC (0.55%) and Eagle Asset Management Inc. (0.49%). Company insiders that own South State stock include James C Cherry, James W Roquemore, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, Martin Bernard Davis, 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 Asset Advisors Investment Management LLC, State Street Corp, Public Employees Retirement System of Ohio, Tributary Capital Management LLC, Strs Ohio, First Trust Advisors LP, Barclays PLC and Keybank National Association OH. Company insiders that have sold South State company stock in the last year include James C Cherry, James W Roquemore, John C Pollok, John F Windley, Keith S Rainwater, Robert R Hill Jr and Robert R Horger. View Insider Buying and Selling for South State.

Which major investors are buying South State stock?

SSB stock was acquired by a variety of institutional investors in the last quarter, including Great Lakes Advisors LLC, Millennium Management LLC, California Public Employees Retirement System, Dalton Greiner Hartman Maher & Co., Russell Investments Group Ltd., Rhumbline Advisers, SG Americas Securities LLC and CWM LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is South State's stock price today?

One share of SSB stock can currently be purchased for approximately $84.20.

How big of a company is South State?

South State has a market capitalization of $2.84 billion and generates $712.96 million in revenue each year. The bank earns $178.87 million in net income (profit) each year or $5.50 on an earnings per share basis. South State employs 2,602 workers across the globe.View Additional Information About South State.

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:  396 (Vote Outperform)
Underperform Votes:  445 (Vote Underperform)
Total Votes:  841
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 12/7/2019 by MarketBeat.com Staff

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