South State Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" South State stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SSB, but not buy additional shares or sell existing shares.
View analyst ratings for South State or view top-rated stocks.

Wall Street analysts have given South State a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but South State wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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South State saw a increase in short interest during the month of July. As of July 30th, there was short interest totaling 1,680,000 shares, an increase of 24.4% from the July 15th total of 1,350,000 shares. Based on an average trading volume of 357,800 shares, the days-to-cover ratio is currently 4.7 days. Approximately 2.4% of the company's shares are short sold.
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South State is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for South State.

South State Co. (NASDAQ:SSB) released its quarterly earnings data on Thursday, July, 22nd. The bank reported $1.87 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.61 by $0.26. The bank had revenue of $332.15 million for the quarter, compared to the consensus estimate of $360.76 million. South State had a net margin of 28.20% and a trailing twelve-month return on equity of 10.78%. During the same period in the prior year, the business earned $0.89 EPS.
View South State's earnings history.

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 (WHO). Since then, SSB stock has increased by 13.2% and is now trading at $64.72.
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South State declared a quarterly dividend on Friday, July 30th. Stockholders of record on Thursday, August 12th will be paid a dividend of $0.49 per share on Thursday, August 19th. This represents a $1.96 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, August 11th. This is a boost from South State's previous quarterly dividend of $0.47.
View South State's dividend history.

South State pays an annual dividend of $1.96 per share and currently has a dividend yield of 3.02%. The dividend payout ratio of South State is 38.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, South State will have a dividend payout ratio of 33.22% next year. This indicates that South State will be able to sustain or increase its dividend.
View South State's dividend history.

6 Wall Street analysts have issued 12 month price targets for South State's stock. Their forecasts range from $67.00 to $90.00. On average, they anticipate South State's stock price to reach $75.24 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
View analysts' price targets for South State or view top-rated stocks among Wall Street analysts.

Some companies that are related to South State include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and First Citizens BancShares (FCNCA).
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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).

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

South State's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.58%), BlackRock Inc. (7.28%), Price T Rowe Associates Inc. MD (4.33%), State Street Corp (3.95%), Dimensional Fund Advisors LP (2.97%) and Victory Capital Management Inc. (2.64%). Company insiders that own South State stock include David G Salyers, Ernest S Pinner, James W Roquemore, John C Corbett, John C Pollok, Keith S Rainwater, Robert H Demere Jr, Robert R Hill Jr, Robert R Horger and William E V Matthews.
View institutional ownership trends for South State.

SSB stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Franklin Resources Inc., BlackRock Inc., Dimensional Fund Advisors LP, JPMorgan Chase & Co., Millennium Management LLC, Russell Investments Group Ltd., and Principal Financial Group Inc.. Company insiders that have sold South State company stock in the last year include Ernest S Pinner, John C Pollok, Robert R Hill Jr, and Robert R Horger.
View insider buying and selling activity for South State or view top insider-selling stocks.

SSB stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Victory Capital Management Inc., Bank of New York Mellon Corp, Morgan Stanley, Morgan Stanley, Goldman Sachs Group Inc., Vanguard Group Inc., and American Century Companies Inc.. Company insiders that have bought South State stock in the last two years include David G Salyers, John C Corbett, Robert H Demere Jr, and William E V Matthews.
View insider buying and selling activity for South State or or view top insider-buying stocks.

Shares of SSB 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 $64.72.

South State has a market capitalization of $4.60 billion and generates $1.22 billion in revenue each year. The bank earns $120.63 million in net income (profit) each year or $5.12 on an earnings per share basis.

South State employs 5,184 workers across the globe.

South State was founded in 1934.

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

South State is headquartered at 1101 FIRST STREET SOUTH SUITE 202, WINTER HAVEN FL, 33880.

South State's mailing address is 1101 FIRST STREET SOUTH SUITE 202, WINTER HAVEN FL, 33880. The bank can be reached via phone at (800) 277-2175.