SouthState - SSB Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SSB shares.
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4 brokerages have issued 12 month target prices for SouthState's shares. Their SSB share price forecasts range from $91.00 to $100.00. On average, they anticipate the company's stock price to reach $95.60 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
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SouthState's stock was trading at $76.36 at the beginning of 2023. Since then, SSB shares have increased by 0.0% and is now trading at $76.39.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our SSB earnings forecast.

SouthState Co. (NASDAQ:SSB) issued its earnings results on Friday, January, 27th. The bank reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $2.06 by $0.16. The bank earned $459.40 million during the quarter, compared to analysts' expectations of $447.26 million. SouthState had a trailing twelve-month return on equity of 10.58% and a net margin of 29.01%. The firm's revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the business earned $1.59 earnings per share.

SouthState declared a quarterly dividend on Thursday, January 26th. Shareholders of record on Friday, February 10th will be paid a dividend of $0.50 per share on Friday, February 17th. This represents a $2.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for SSB.

SouthState (NASDAQ:SSB) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.59%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 23.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSB.

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).

SouthState trades on the NASDAQ under the ticker symbol "SSB."

SouthState's stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.09%), New York State Common Retirement Fund (0.85%), Fenimore Asset Management Inc. (0.81%), Tributary Capital Management LLC (0.31%), Assenagon Asset Management S.A. (0.17%) and Natixis Advisors L.P. (0.15%). Insiders that own company stock include David G Salyers, Douglas Lloyd Williams, Ernest S Pinner, G Ruffner Page Jr, Greg A Lapointe, John C Corbett, John C Corbett, John C Pollok, Renee R Brooks, Robert H Demere Jr, Robert R Hill Jr, Robert R Horger, Ronald M Cofield and William E V Matthews.
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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.
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One share of SSB stock can currently be purchased for approximately $76.39.

SouthState (NASDAQ:SSB) has a market capitalization of $5.78 billion and generates $1.71 billion in revenue each year. The bank earns $496.05 million in net income (profit) each year or $6.59 on an earnings per share basis.

The company employs 4,929 workers across the globe.

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.