NASDAQ:SSB South State Stock Forecast, Price & 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 $45.75 -1.09 (-2.33 %) (As of 09/23/2020 03:52 PM ET) Add Compare Share Today's Range$45.75Now: $45.75▼$47.7550-Day Range$47.66MA: $55.42▼$60.8152-Week Range$40.42Now: $45.75▼$88.10Volume12,230 shsAverage Volume342,484 shsMarket Capitalization$3.24 billionP/E Ratio26.91Dividend Yield3.92%Beta1.1 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial 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™ 3.4 Analyst's Opinion Consensus RatingSouth State has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $66.75, South State has a forecasted upside of 45.1% from its current price of $46.00.Amount of Analyst CoverageSouth State has only been the subject of 4 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesSouth State has received 463 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSouth State has received 523 “underperform” votes. (Add your “underperform” vote.)Community SentimentSouth State has received 53.04% “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 2.5 Dividend Strength Dividend YieldSouth State pays a meaningful dividend of 3.92%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSouth State has only been increasing its dividend for 2 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 39.92% 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 $120,000.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.43% of the stock of South State is held by insiders.Percentage Held by Institutions73.31% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for South State are expected to grow by 35.34% in the coming year, from $3.48 to $4.71 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of South State is 27.06, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.29.Price to Earnings Ratio vs. SectorThe P/E ratio of South State is 27.06, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 16.97.Price to Book Value per Share RatioSouth State has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.4Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.82 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 Phone863-293-4710Debt Debt-to-Equity Ratio0.24 Current Ratio1.00 Quick Ratio0.98Price-To-Earnings Trailing P/E Ratio26.91 Forward P/E Ratio13.15 P/E GrowthN/A Sales & Book Value Annual Sales$734.39 million Price / Sales4.42 Cash Flow$6.13 per share Price / Cash Flow7.46 Book Value$70.33 per share Price / Book0.65Profitability EPS (Most Recent Fiscal Year)$5.63 Net Income$186.48 million Net Margins4.99% Return on Equity5.82% Return on Assets0.78%Miscellaneous Employees2,547 Outstanding Shares70,922,000Market Cap$3.24 billion Next Earnings Date10/26/2020 (Estimated) OptionableOptionable $45.75 -1.09 (-2.33 %) (As of 09/23/2020 03:52 PM ET) 30 days | 90 days | 365 days | Advanced Chart 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 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 19.9% and is now trading at $45.75. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of South State? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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, October 26th 2020. View our earnings forecast for South State. How were South State's earnings last quarter? South State Corp (NASDAQ:SSB) released its earnings results on Thursday, July, 30th. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.87. The bank earned $216.90 million during the quarter, compared to analysts' expectations of $215.65 million. South State had a return on equity of 5.82% and a net margin of 4.99%. 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 Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of $0.47 per share on Friday, August 21st. This represents a $1.88 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, August 13th. View South State's dividend history. What price target have analysts set for SSB? 6 Wall Street analysts have issued 12 month price objectives for South State's stock. Their forecasts range from $58.00 to $74.00. On average, they expect South State's stock price to reach $66.75 in the next twelve months. This suggests a possible upside of 45.9% from the stock's current price. View analysts' price targets for South 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), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). 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 NVIDIA (NVDA), CVS Health (CVS), Boeing (BA), QUALCOMM (QCOM), Stitch Fix (SFIX), UGI (UGI), Illumina (ILMN), Mastercard (MA), Overstock.com (OSTK) and AbbVie (ABBV). 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (19.96%), Goldman Sachs Group Inc. (4.54%), Victory Capital Management Inc. (4.15%), Silvercrest Asset Management Group LLC (3.31%), Macquarie Group Ltd. (2.93%) and Fenimore Asset Management Inc. (2.73%). Company insiders that own South State stock include David G Salyers, James C Cherry, James W Roquemore, Joe E Burns, John C Corbett, John C Pollok, John F Windley, Keith S Rainwater, 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 BRYN MAWR TRUST Co, Bank of New York Mellon Corp, Jacobs Levy Equity Management Inc., Marshall Wace North America L.P., Asset Advisors Investment Management LLC, UBS Group AG, First Trust Advisors LP, and Dalton Greiner Hartman Maher & Co.. Company insiders that have sold South State company stock in the last year include James W Roquemore, and Keith S Rainwater. 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 Vanguard Group Inc., Goldman Sachs Group Inc., Macquarie Group Ltd., Charles Schwab Investment Management Inc., Victory Capital Management Inc., Nuveen Asset Management LLC, Bank of America Corp DE, and Phocas Financial Corp.. Company insiders that have bought South State stock in the last two years include David G Salyers, John C Corbett, 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 $45.75. How big of a company is South State? South State has a market capitalization of $3.24 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 1101 FIRST STREET SOUTH SUITE 202, WINTER HAVEN FL, 33880. The bank can be reached via phone at 863-293-4710. This page was last updated on 9/23/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
