South State Corporation Company Profile (NASDAQ:SSB)

About South State Corporation (NASDAQ:SSB)

South State Corporation logoSouth State Corporation (NASDAQ: SSB) is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company's primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years. The bank also operates Minis & Co., Inc. and First Southeast 401K Fiduciaries, Inc., both registered investment advisors; and First Southeast Investor Services, Inc., a limited purpose broker-dealer. South State Corporation has assets of approximately $8.0 billion and its stock is traded under the symbol SSB on the NASDAQ Global Select Market. More information can be found at

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Mid-Atlantic Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:SSB
  • CUSIP: 78401V10
  • Web:
  • Market Cap: $2.69695 billion
  • Outstanding Shares: 29,108,000
Average Prices:
  • 50 Day Moving Avg: $87.15
  • 200 Day Moving Avg: $85.66
  • 52 Week Range: $70.75 - $93.40
  • Trailing P/E Ratio: 24.07
  • Foreward P/E Ratio: 18.25
  • P/E Growth: 1.62
Sales & Book Value:
  • Annual Revenue: $492.87 million
  • Price / Sales: 5.44
  • Book Value: $55.16 per share
  • Price / Book: 1.67
  • Annual Dividend: $1.32
  • Dividend Yield: 1.4%
  • Net Margins: 20.00%
  • Return on Equity: 9.15%
  • Return on Assets: 1.25%
  • Debt-to-Equity Ratio: 0.06%
  • Current Ratio: 0.92%
  • Quick Ratio: 0.92%
  • Average Volume: 117,058 shs.
  • Beta: 1.1
  • Short Ratio: 15.08

Frequently Asked Questions for South State Corporation (NASDAQ:SSB)

What is South State Corporation's stock symbol?

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

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

South State Corporation declared a quarterly dividend on Friday, July 21st. Stockholders of record on Friday, August 11th will be paid a dividend of $0.33 per share on Friday, August 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, August 9th. View South State Corporation's Dividend History.

How will South State Corporation's stock buyback program work?

South State Corporation announced that its board has authorized a stock repurchase program on Thursday, April 6th 2017, which allows the company to repurchase 750,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

How were South State Corporation's earnings last quarter?

South State Corporation (NASDAQ:SSB) announced its quarterly earnings data on Friday, April, 21st. The company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.12 by $0.03. The firm had revenue of $133.80 million for the quarter, compared to analysts' expectations of $134.35 million. South State Corporation had a return on equity of 9.15% and a net margin of 20.00%. View South State Corporation's Earnings History.

When will South State Corporation make its next earnings announcement?

South State Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for South State Corporation.

Where is South State Corporation's stock going? Where will South State Corporation's stock price be in 2017?

6 brokers have issued 12 month target prices for South State Corporation's stock. Their forecasts range from $90.00 to $98.00. On average, they anticipate South State Corporation's stock price to reach $94.33 in the next year. View Analyst Ratings for South State Corporation.

Who are some of South State Corporation's key competitors?

Who owns South State Corporation stock?

South State Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Asset Advisors Corp (0.60%). Company insiders that own South State Corporation stock include Alton Clarence Phillips, Jimmy Evan Addison, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, Luther J Battiste III, M Oswald Fogle, Renee R Brooks, Robert R Hill Jr and Robert R Horger. View Institutional Ownership Trends for South State Corporation.

Who sold South State Corporation stock? Who is selling South State Corporation stock?

South State Corporation's stock was sold by a variety of institutional investors in the last quarter, including Asset Advisors Corp. Company insiders that have sold South State Corporation stock in the last year include Alton Clarence Phillips, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, M Oswald Fogle, Renee R Brooks, Robert R Hill Jr and Robert R Horger. View Insider Buying and Selling for South State Corporation.

How do I buy South State Corporation stock?

Shares of South State Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is South State Corporation's stock price today?

One share of South State Corporation stock can currently be purchased for approximately $92.15.

MarketBeat Community Rating for South State Corporation (NASDAQ SSB)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  149 (Vote Outperform)
Underperform Votes:  157 (Vote Underperform)
Total Votes:  306
MarketBeat's community ratings are surveys of what our community members think about South State Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for South State Corporation (NASDAQ:SSB) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $94.33 (2.37% upside)
Consensus Price Target History for South State Corporation (NASDAQ:SSB)
Price Target History for South State Corporation (NASDAQ:SSB)
Analysts' Ratings History for South State Corporation (NASDAQ:SSB)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/12/2017SunTrust Banks, Inc.Reiterated RatingBuy$98.00N/AView Rating Details
10/5/2017Piper Jaffray CompaniesReiterated RatingNeutral -> Neutral$90.00N/AView Rating Details
8/2/2017Brean CapitalReiterated RatingHoldLowView Rating Details
7/25/2017Keefe, Bruyette & WoodsUpgradeMarket Perform -> Outperform$95.00HighView Rating Details
5/12/2017StephensReiterated RatingHoldLowView Rating Details
11/3/2016FIG PartnersUpgradeMarket-Perform -> OutperformN/AView Rating Details
(Data available from 10/22/2015 forward)


Earnings History for South State Corporation (NASDAQ:SSB)
Earnings by Quarter for South State Corporation (NASDAQ:SSB)
Earnings History by Quarter for South State Corporation (NASDAQ SSB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2017$1.20N/AView Earnings Details
7/21/2017Q2 2017$1.18$1.18$137.00 million$136.61 millionViewN/AView Earnings Details
4/21/2017Q1 2017$1.12$1.15$134.35 million$133.80 millionViewN/AView Earnings Details
1/27/2017Q416$1.15$1.15$117.50 million$113.43 millionViewN/AView Earnings Details
10/21/2016Q316$1.17$1.18$118.75 million$116.59 millionViewListenView Earnings Details
7/22/2016Q216$1.11$1.18$114.85 million$113.52 millionViewListenView Earnings Details
4/22/2016Q116$1.03$1.04$111.40 million$111.64 millionViewListenView Earnings Details
1/22/2016Q415$1.09$1.11$115.80 million$110.63 millionViewListenView Earnings Details
10/23/2015Q315$1.09$1.12$113.60 million$112.79 millionViewListenView Earnings Details
7/24/2015Q215$1.06$1.09$112.10 million$112.36 millionViewListenView Earnings Details
4/30/2015Q1$1.00$0.99$108.65 million$107.55 millionViewN/AView Earnings Details
1/27/2015Q414$1.03$0.88$106.88 million$106.85 millionViewN/AView Earnings Details
7/29/2014Q2$0.90$0.92$106.21 million$105.37 millionViewN/AView Earnings Details
4/25/2014$0.79$0.66$105.05 million$104.02 millionViewN/AView Earnings Details
1/28/2014Q413$0.74$0.80$109.56 millionViewN/AView Earnings Details
10/29/2013Q313$0.78$0.85$91.66 millionViewN/AView Earnings Details
7/26/2013Q2 2013$0.76$0.74$65.80 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for South State Corporation (NASDAQ:SSB)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$1.23$1.23$1.23
Q2 20171$1.26$1.26$1.26
Q3 20171$1.29$1.29$1.29
(Data provided by Zacks Investment Research)


Current Dividend Information for South State Corporation (NASDAQ:SSB)
Most Recent Dividend:8/18/2017
Annual Dividend:$1.32
Dividend Yield:1.43%
Payout Ratio:34.11% (Trailing 12 Months of Earnings)
27.91% (Based on This Year's Estimates)
26.14% (Based on Next Year's Estimates)
Dividend Payments by Quarter for South State Corporation (NASDAQ:SSB)

Dividend History by Quarter for South State Corporation (NASDAQ SSB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for South State Corporation (NASDAQ:SSB)
Insider Ownership Percentage: 2.78%
Institutional Ownership Percentage: 66.72%
Insider Trades by Quarter for South State Corporation (NASDAQ:SSB)
Institutional Ownership by Quarter for South State Corporation (NASDAQ:SSB)
Insider Trades by Quarter for South State Corporation (NASDAQ:SSB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/25/2017Robert R Hill JrCEOSell2,831$82.10$232,425.10View SEC Filing  
8/18/2017Joe E BurnsInsiderSell250$81.15$20,287.50View SEC Filing  
8/16/2017Joe E BurnsInsiderSell500$83.39$41,695.00View SEC Filing  
6/8/2017Keith S RainwaterInsiderSell300$86.10$25,830.00View SEC Filing  
6/8/2017Robert R Hill JrCEOSell5,727$85.27$488,341.29View SEC Filing  
6/8/2017Robert R HorgerDirectorSell1,788$85.20$152,337.60View SEC Filing  
6/2/2017Joe E BurnsInsiderSell1,950$85.00$165,750.00View SEC Filing  
3/7/2017M Oswald FogleDirectorSell3,000$91.62$274,860.00View SEC Filing  
2/22/2017Alton Clarence PhillipsDirectorSell1,000$91.65$91,650.00View SEC Filing  
2/17/2017M Oswald FogleDirectorSell3,321$90.00$298,890.00View SEC Filing  
2/10/2017Renee R BrooksInsiderSell1,825$87.01$158,793.25View SEC Filing  
1/31/2017John C PollokInsiderSell8,483$89.27$757,277.41View SEC Filing  
11/22/2016Alton Clarence PhillipsDirectorSell1,000$86.00$86,000.00View SEC Filing  
11/17/2016Keith S RainwaterInsiderSell300$83.40$25,020.00View SEC Filing  
11/16/2016Alton Clarence PhillipsDirectorSell1,000$83.46$83,460.00View SEC Filing  
11/15/2016Robert R Hill JrInsiderSell800$83.62$66,896.00View SEC Filing  
11/14/2016Joe E BurnsInsiderSell2,500$83.40$208,500.00View SEC Filing  
11/11/2016Robert R Hill JrInsiderSell2,891$83.80$242,265.80View SEC Filing  
11/10/2016Alton Clarence PhillipsDirectorSell2,000$79.84$159,680.00View SEC Filing  
11/10/2016John F WindleyPresidentSell2,028$79.74$161,712.72View SEC Filing  
10/26/2016Joe E BurnsInsiderSell5,005$72.89$364,814.45View SEC Filing  
9/2/2016Robert R HorgerDirectorSell5,000$75.50$377,500.00View SEC Filing  
8/30/2016Keith S RainwaterEVPSell250$75.60$18,900.00View SEC Filing  
8/5/2016Robert R Hill JrCEOSell4,138$73.04$302,239.52View SEC Filing  
8/4/2016Robert R Hill JrCEOSell2,545$72.00$183,240.00View SEC Filing  
8/1/2016Robert R Hill JrCEOSell1,000$72.24$72,240.00View SEC Filing  
7/29/2016Robert R Hill JrCEOSell1,175$74.38$87,396.50View SEC Filing  
7/25/2016M Oswald FogleDirectorSell9,000$74.93$674,370.00View SEC Filing  
3/4/2016Joe E BurnsInsiderSell500$64.80$32,400.00View SEC Filing  
2/24/2016Luther J Battiste IIIDirectorSell352$61.10$21,507.20View SEC Filing  
2/12/2016Jimmy Evan AddisonDirectorBuy1,500$61.90$92,850.00View SEC Filing  
11/5/2015Robert R Hill JrCEOSell2,755$79.85$219,986.75View SEC Filing  
8/24/2015Robert H Demere JrDirectorBuy2,000$74.45$148,900.00View SEC Filing  
6/12/2015Robert R HorgerDirectorSell5,000$75.00$375,000.00View SEC Filing  
6/5/2015Robert R Hill JrCEOSell2,092$73.00$152,716.00View SEC Filing  
5/21/2015Luther J Battiste IIIDirectorSell2,500$72.23$180,575.00View SEC Filing  
5/15/2015M Oswald FogleDirectorSell6,000$70.09$420,540.00View SEC Filing  
1/28/2015Alton Clarence PhillipsDirectorBuy1,000$60.17$60,170.00View SEC Filing  
12/3/2014Robert R Hill JrCEOSell5,000$62.62$313,100.00View SEC Filing  
6/19/2014Robert H Demere JrDirectorBuy3,000$59.50$178,500.00View SEC Filing  
5/13/2014M Oswald FogleDirectorBuy2,000$57.50$115,000.00View SEC Filing  
5/7/2014M Oswald FogleDirectorBuy1,060$55.50$58,830.00View SEC Filing  
2/5/2014Alton Clarence PhillipsDirectorBuy1,000$59.00$59,000.00View SEC Filing  
3/21/2013Kevin P WalkerDirectorBuy2,000$49.92$99,840.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for South State Corporation (NASDAQ:SSB)
Latest Headlines for South State Corporation (NASDAQ:SSB)
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South State Corporation (SSB) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by Staff

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