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

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$70.01 -1.39 (-1.95 %)
(As of 03/19/2019 04:00 PM ET)
Previous Close$71.40
Today's Range$69.9150 - $71.94
52-Week Range$56.55 - $93.25
Volume288,146 shs
Average Volume183,364 shs
Market Capitalization$2.48 billion
P/E Ratio12.73
Dividend Yield2.15%
Beta1.23
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, 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, ATM processing, and wealth management and trust services. It serves customers through 181 financial centers in 29 South Carolina counties, 9 North Carolina counties, 19 Georgia counties, and 4 Virginia counties. The company was formerly known as First Financial Holdings, Inc. and changed its name to South State Corporation in July 2013. South State Corporation was founded in 1933 and is headquartered in Columbia, South Carolina.

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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$6.6549 per share
Book Value$64.78 per share

Profitability

Net Income$178.87 million

Miscellaneous

Employees2,602
Market Cap$2.48 billion
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Tuesday, January 29th. Investors of record on Friday, February 15th will be given a dividend of $0.38 per share on Friday, February 22nd. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, February 14th. This is a boost from South State's previous quarterly dividend of $0.36. View South State's Dividend History.

How will South State's stock buyback program work?

South State announced that its board has approved a share buyback plan on Thursday, April 6th 2017, which permits the company to repurchase 750,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

How were South State's earnings last quarter?

South State Corp (NASDAQ:SSB) issued its quarterly earnings data on Monday, January, 28th. The bank reported $1.35 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.32 by $0.03. The bank earned $162.03 million during the quarter, compared to the consensus estimate of $160.79 million. South State had a return on equity of 8.59% and a net margin of 24.99%. During the same period last year, the company posted $1.30 earnings per share. 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 Tuesday, April 23rd 2019. View Earnings Estimates for South State.

What price target have analysts set for SSB?

6 brokers have issued twelve-month price targets for South State's shares. Their forecasts range from $57.00 to $90.00. On average, they expect South State's share price to reach $76.75 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price. View Analyst Price Targets for South State.

What is the consensus analysts' recommendation for South State?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 1 sell rating, 4 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?

News headlines about SSB stock have been trending neutral this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. South State earned a daily sentiment score of 0.4 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the immediate future.

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 Procter & Gamble (PG), NVIDIA (NVDA), Cisco Systems (CSCO), AAR (AIR), TENCENT HOLDING/ADR (TCEHY), Tesla (TSLA), Innovative Industrial Properties (IIPR), Shopify (SHOP), Universal Display (OLED) and Granite Construction (GVA).

Who are South State's key executives?

South State's management team includes the folowing people:
  • Mr. Robert R. Hill Jr., CEO & Director (Age 51)
  • Mr. John C. Pollok, Sr. EVP, CFO & Director (Age 52)
  • Ms. Renee R. Brooks, Chief Operating Officer (Age 48)
  • Mr. Joseph E. Burns, Sr. EVP & Chief Credit Officer (Age 63)
  • Mr. John F. Windley, Chief Banking Officer (Age 65)

Who are South State's major shareholders?

South State's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.32%), Dimensional Fund Advisors LP (4.31%), Victory Capital Management Inc. (3.21%), Fenimore Asset Management Inc. (2.40%), Northern Trust Corp (2.06%) and Bank of New York Mellon Corp (2.02%). Company insiders that own South State stock include James C Cherry, 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 Mendon Capital Advisors Corp, Channing Capital Management LLC, BlackRock Inc., Bank of America Corp DE, New York State Common Retirement Fund, MetLife Investment Advisors LLC, Comerica Bank and Raymond James & Associates. Company insiders that have sold South State company stock in the last year include James C Cherry, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater and Robert R Hill Jr. View Insider Buying and Selling for South State.

Which major investors are buying South State stock?

SSB stock was purchased by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc., Tributary Capital Management LLC, Norges Bank, Dimensional Fund Advisors LP, Millennium Management LLC, Prudential Financial Inc., American Century Companies Inc. and Geode Capital Management 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, Scottrade, Fidelity and Charles Schwab.

What is South State's stock price today?

One share of SSB stock can currently be purchased for approximately $70.01.

How big of a company is South State?

South State has a market capitalization of $2.48 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.

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:  2.3 out of 5 (star star)
Outperform Votes:  301 (Vote Outperform)
Underperform Votes:  344 (Vote Underperform)
Total Votes:  645
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 3/19/2019 by MarketBeat.com Staff

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