South State Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 decline in short interest during the month of May. As of May 28th, there was short interest totaling 1,300,000 shares, a decline of 16.7% from the May 13th total of 1,560,000 shares. Based on an average daily volume of 319,700 shares, the days-to-cover ratio is presently 4.1 days. Currently, 1.9% of the company's shares are sold short.
View South State's Short Interest.

South State is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for South State.

South State Co. (NASDAQ:SSB) released its quarterly earnings data on Wednesday, April, 28th. The bank reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.75. The bank had revenue of $358.28 million for the quarter, compared to analyst estimates of $360.90 million. South State had a net margin of 17.34% and a trailing twelve-month return on equity of 8.88%. South State's revenue was up 108.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 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. Since then, SSB stock has increased by 41.7% and is now trading at $80.99.
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South State declared a quarterly dividend on Wednesday, April 28th. Stockholders of record on Friday, May 14th will be paid a dividend of $0.47 per share on Friday, May 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, May 13th.
View South State's dividend history.

South State pays an annual dividend of $1.88 per share and currently has a dividend yield of 2.21%. South State does not yet have a strong track record of dividend growth. The dividend payout ratio of South State is 36.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, South State will have a dividend payout ratio of 30.92% next year. This indicates that South State will be able to sustain or increase its dividend.
View South State's dividend history.

5 brokerages have issued twelve-month target prices for South State's shares. Their forecasts range from $58.00 to $97.00. On average, they anticipate South State's share price to reach $75.75 in the next year. This suggests that the stock has a possible downside of 6.5%.
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), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), First Horizon (FHN), Western Alliance Bancorporation (WAL), Commerce Bancshares (CBSH) and Zions Bancorporation, National Association (ZION).
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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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.71%), Price T Rowe Associates Inc. MD (5.06%), Select Equity Group L.P. (3.71%), Dimensional Fund Advisors LP (3.25%), Victory Capital Management Inc. (2.29%) and Franklin Resources Inc. (2.23%). 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 and Robert R Horger.
View institutional ownership trends for South State.

SSB stock was sold by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Price T Rowe Associates Inc. MD, Dimensional Fund Advisors LP, Northern Trust Corp, Goldman Sachs Group Inc., Allianz Asset Management GmbH, Chartwell Investment Partners LLC, and Lord Abbett & CO. LLC. 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 bought by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Eaton Vance Management, Schroder Investment Management Group, Franklin Resources Inc., Capital International Investors, Earnest Partners LLC, NFJ Investment Group LLC, and BlackRock Inc.. Company insiders that have bought South State stock in the last two years include David G Salyers, John C Corbett, and Robert H Demere Jr.
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 $80.99.

South State has a market capitalization of $5.76 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 863-293-4710.