SouthState - SSB Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SSB shares.
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4 equities research analysts have issued 1 year price objectives for SouthState's stock. Their SSB share price forecasts range from $84.50 to $100.00. On average, they expect the company's share price to reach $92.50 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price.
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SouthState's stock was trading at $80.11 on January 1st, 2022. Since then, SSB stock has decreased by 1.7% and is now trading at $78.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SSB earnings forecast.

SouthState Co. (NASDAQ:SSB) released its quarterly earnings results on Thursday, July, 28th. The bank reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.09. The bank earned $383.29 million during the quarter, compared to analysts' expectations of $390.97 million. SouthState had a net margin of 30.18% and a trailing twelve-month return on equity of 9.98%. SouthState's revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.87 earnings per share.

SouthState announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.50 per share on Friday, August 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, August 11th. This is an increase from the stock's previous quarterly dividend of $0.49.
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 2.53%. 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 32.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 25.58% 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 many different retail and institutional investors. Top institutional shareholders include Polaris Capital Management LLC (4.36%), Price T Rowe Associates Inc. MD (4.28%), State Street Corp (3.33%), Victory Capital Management Inc. (3.33%), Franklin Resources Inc. (2.09%) and Macquarie Group Ltd. (1.37%). Insiders that own company stock include David G Salyers, Douglas Lloyd Williams, Ernest S Pinner, Greg A Lapointe, James W Roquemore, John C Corbett, John C Corbett, John C Pollok, Keith S Rainwater, Renee R Brooks, Robert H Demere Jr, Robert R Hill Jr, Robert R Horger, Ronald M Cofield and William E V Matthews.
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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.
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One share of SSB stock can currently be purchased for approximately $78.74.

SouthState (NASDAQ:SSB) has a market capitalization of $5.96 billion and generates $1.44 billion in revenue each year. The bank earns $475.54 million in net income (profit) each year or $6.22 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.