SouthState - SSB Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SSB shares.
View SSB analyst ratings or view top-rated stocks.

5 brokers have issued twelve-month target prices for SouthState's shares. Their SSB share price forecasts range from $84.50 to $100.00. On average, they predict the company's stock price to reach $94.42 in the next twelve months. This suggests a possible upside of 16.9% from the stock's current price.
View analysts price targets for SSB or view top-rated stocks among Wall Street analysts.

SouthState's stock was trading at $80.11 at the beginning of the year. Since then, SSB stock has increased by 0.8% and is now trading at $80.78.
View the best growth stocks for 2022 here.

SouthState saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 1,060,000 shares, a decrease of 25.9% from the October 31st total of 1,430,000 shares. Based on an average daily trading volume, of 334,000 shares, the days-to-cover ratio is currently 3.2 days.
View SouthState's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
View our SSB earnings forecast.

SouthState Co. (NASDAQ:SSB) posted its earnings results on Monday, October, 24th. The bank reported $1.89 earnings per share for the quarter, hitting the consensus estimate of $1.89. The bank earned $435.39 million during the quarter, compared to analyst estimates of $425.77 million. SouthState had a net margin of 29.04% and a trailing twelve-month return on equity of 10.05%. During the same period in the previous year, the firm posted $1.94 earnings per share.

SouthState declared a quarterly dividend on Monday, October 24th. Investors of record on Friday, November 11th will be paid a dividend of $0.50 per share on Friday, November 18th. This represents a $2.00 annualized dividend and a yield of 2.48%. The ex-dividend date is Wednesday, November 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 2.46%. 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 32.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 23.84% 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.84%), BlackRock Inc. (6.93%), Victory Capital Management Inc. (3.49%), Dimensional Fund Advisors LP (3.37%), State Street Corp (3.16%) and Macquarie Group Ltd. (1.37%). Insiders that own company stock include David G Salyers, Douglas Lloyd Williams, Ernest S Pinner, 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of SSB stock can currently be purchased for approximately $80.78.

SouthState (NASDAQ:SSB) has a market capitalization of $6.11 billion and generates $1.44 billion in revenue each year. The bank earns $475.54 million in net income (profit) each year or $6.23 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.