NASDAQ:SSBSouth State Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding South State Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $46.65 -0.29 (-0.62 %) (As of 05/25/2020 12:14 PM ET) Add Compare Share Today's Range$46.17Now: $46.65▼$47.6150-Day Range$42.90MA: $52.30▼$61.5052-Week Range$40.42Now: $46.65▼$88.10Volume145,795 shsAverage Volume282,874 shsMarket Capitalization$1.56 billionP/E Ratio9.66Dividend Yield4.03%Beta1.05 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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 services, 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, and ATM processing services. It serves customers through 168 financial centers in 29 South Carolina counties, 8 North Carolina counties, 17 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.Read More Beat the Market (BTM) Rank™ 3.2 Analyst's Opinion Consensus RatingSouth State has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $69.00, South State has a potential upside of 47.9% from its current price of $46.65.Amount of Analyst CoverageSouth State has only been the subject of 2 research reports in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesSouth State has received 458 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSouth State has received 514 “underperform” votes. (Add your “underperform” vote.)Community SentimentSouth State has received 52.88% “underperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipSouth State is a leading dividend payer. It pays a dividend yield of 4.03%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSouth State has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of South State is 33.39 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, South State will have a dividend payout ratio of 37.75 % next year. This indicates that South State will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, South State insiders have bought more of their company's stock than they have sold. Specifically, they have bought $177,810.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.05% of the stock of South State is held by insiders.Percentage Held by Institutions80.25% of the stock of South State is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for South State are expected to grow by 22.96% in the coming year, from $4.05 to $4.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of South State is 9.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.79.Price to Earnings Ratio vs. SectorThe P/E ratio of South State is 9.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.61.Price to Book Value per Share RatioSouth State has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.2Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.37 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:SSB Previous Symbol CUSIP78401V10 CIK764038 Webwww.southstatebank.com Phone800-277-2175Debt Debt-to-Equity Ratio0.57 Current Ratio1.01 Quick Ratio1.00Price-To-Earnings Trailing P/E Ratio9.66 Forward P/E Ratio11.52 P/E GrowthN/A Sales & Book Value Annual Sales$734.39 million Price / Sales2.13 Cash Flow$6.99 per share Price / Cash Flow6.67 Book Value$70.33 per share Price / Book0.66Profitability EPS (Most Recent Fiscal Year)$5.63 Net Income$186.48 million Net Margins22.14% Return on Equity7.58% Return on Assets1.12%Miscellaneous Employees2,547 Outstanding Shares33,470,000Market Cap$1.56 billion Next Earnings Date8/3/2020 (Estimated) OptionableOptionable NASDAQ:SSB Rates by TradingView Receive SSB News and Ratings via Email Sign-up to receive the latest news and ratings for SSB and its competitors with MarketBeat's FREE daily newsletter. South State (NASDAQ:SSB) Frequently Asked Questions How has South State's stock been impacted by COVID-19 (Coronavirus)? South State's stock was trading at $57.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SSB shares have decreased by 18.4% and is now trading at $46.65. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of South State? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for South State. When is South State's next earnings date? South State is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for South State. How were South State's earnings last quarter? South State Corp (NASDAQ:SSB) posted its quarterly earnings data on Thursday, April, 23rd. The bank reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by $0.52. The bank had revenue of $172.15 million for the quarter, compared to the consensus estimate of $157.03 million. South State had a net margin of 22.14% and a return on equity of 7.58%. During the same quarter in the previous year, the business posted $1.26 EPS. View South State's earnings history. How often does South State pay dividends? What is the dividend yield for South State? South State announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 8th will be given a dividend of $0.47 per share on Friday, May 15th. This represents a $1.88 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Thursday, May 7th. View South State's dividend history. What price target have analysts set for SSB? 3 brokers have issued 1 year target prices for South State's shares. Their forecasts range from $63.00 to $74.00. On average, they anticipate South State's stock price to reach $69.00 in the next year. This suggests a possible upside of 47.9% from the stock's current price. View analysts' price targets for South State. Has South State been receiving favorable news coverage? Media headlines about SSB stock have been trending somewhat positive on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. South State earned a daily sentiment score of 1.5 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutSouth State. Who are some of South State's key competitors? Some companies that are related to South State include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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 CVS Health (CVS), AbbVie (ABBV), Procter & Gamble (PG), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), Cisco Systems (CSCO), Enterprise Products Partners (EPD), Gilead Sciences (GILD), NVIDIA (NVDA) and Pfizer (PFE). Who are South State's key executives? South State's management team includes the following people: Mr. Robert R. Hill Jr., CEO & Director (Age 52)Mr. John C. Pollok, Sr. EVP, CFO & Director (Age 53)Ms. Renee R. Brooks, Sr. EVP & COO (Age 49)Mr. Joseph E. Burns, Exec. Officer (Age 64)Mr. James C. Mabry IV, Exec. VP of Investor Relations & Mergers-Acquisitions (Age 60) What is South State's stock symbol? South State trades on the NASDAQ under the ticker symbol "SSB." Who are South State's major shareholders? South State's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.00%), Wellington Management Group LLP (7.21%), Victory Capital Management Inc. (3.37%), Victory Capital Management Inc. (3.37%), Silvercrest Asset Management Group LLC (3.11%) and State Street Corp (2.71%). Company insiders that own South State stock include James C Cherry, James W Roquemore, 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 Victory Capital Management Inc., Victory Capital Management Inc., Wasatch Advisors Inc., Bank of New York Mellon Corp, Fenimore Asset Management Inc., State Street Corp, Eagle Asset Management Inc., and Morgan Stanley. Company insiders that have sold South State company stock in the last year include James W Roquemore, John C Pollok, Keith S Rainwater, and Robert R Horger. View insider buying and selling activity for South State. Which major investors are buying South State stock? SSB stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Atlanta Capital Management Co. L L C, ClariVest Asset Management LLC, Geode Capital Management LLC, Silvercrest Asset Management Group LLC, Parametric Portfolio Associates LLC, Wellington Management Group LLP, and Mendon Capital Advisors Corp. 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 activity 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, Robinhood, Fidelity, and Charles Schwab. What is South State's stock price today? One share of SSB stock can currently be purchased for approximately $46.65. How big of a company is South State? South State has a market capitalization of $1.56 billion and generates $734.39 million in revenue each year. The bank earns $186.48 million in net income (profit) each year or $5.63 on an earnings per share basis. South State employs 2,547 workers across the globe. What is South State's official website? The official website for South State is 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. This page was last updated on 5/25/2020 by MarketBeat.com Staff
