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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:SSB
CUSIP78401V10
Phone800-277-2175
Debt
Debt-to-Equity Ratio0.05
Current Ratio0.94
Quick Ratio0.93
Price-To-Earnings
Trailing P/E Ratio15.48
Forward P/E Ratio13.12
P/E Growth1.68
Sales & Book Value
Annual Sales$575.15 million
Price / Sales4.81
Cash Flow$4.7992 per share
Price / Cash15.64
Book Value$62.81 per share
Price / Book1.20
Profitability
EPS (Most Recent Fiscal Year)$4.85
Net Income$87.55 million
Net Margins18.27%
Return on Equity8.41%
Return on Assets1.32%
Miscellaneous
Employees2,654
Outstanding Shares36,830,000
Market Cap$2.83 billion
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, July 31st. Investors of record on Friday, August 17th will be paid a dividend of $0.35 per share on Friday, August 24th. This represents a $1.40 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, August 16th. This is a boost from South State's previous quarterly dividend of $0.34. View South State's Dividend History.
How will South State's stock buyback program work?
South State declared that its board has approved a stock repurchase plan on Thursday, April 6th 2017, which allows the company to repurchase 750,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.
How were South State's earnings last quarter?
South State Corp (NASDAQ:SSB) announced its quarterly earnings data on Monday, July, 30th. The bank reported $1.43 EPS for the quarter, missing the Zacks' consensus estimate of $1.47 by $0.04. The bank had revenue of $167.10 million for the quarter, compared to analyst estimates of $177.03 million. South State had a net margin of 18.27% and a return on equity of 8.41%. South State's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS. View South State's Earnings History.
When is South State's next earnings date?
How can I listen to South State's earnings call?
South State will be holding an earnings conference call on Tuesday, October 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8775069272.
What price target have analysts set for SSB?
5 brokerages have issued 12 month price objectives for South State's shares. Their forecasts range from $81.00 to $108.00. On average, they expect South State's share price to reach $93.00 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price. View Analyst Price Targets for South State.
What is the consensus analysts' recommendation for South State?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for South State.
Who are some of South State's key competitors?
Some companies that are related to South State include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), First Citizens BancShares (FCNCA), Popular (BPOP), Prosperity Bancshares (PB), Wintrust Financial (WTFC), Bank Ozk (OZK), Hancock (HBHC), Associated Banc (ASB), IBERIABANK (IBKC), Investors Bancorp (ISBC) and First Financial Bankshares (FFIN).
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 retail and institutional investors. Top institutional investors include Fenimore Asset Management Inc. (1.68%), Dalton Greiner Hartman Maher & Co. (0.11%), Aurora Investment Counsel (0.05%), NJ State Employees Deferred Compensation Plan (0.03%) and Strs Ohio (0.01%). Company insiders that own South State stock include Alton Clarence Phillips, James C Cherry, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, M Oswald Fogle, Martin Bernard Davis, Renee R Brooks, 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 NJ State Employees Deferred Compensation Plan and Strs Ohio. 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, Robert R Hill Jr and Robert R Horger. View Insider Buying and Selling for South State.
Which major investors are buying South State stock?
SSB stock was bought by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc., Dalton Greiner Hartman Maher & Co. and Aurora Investment Counsel. 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 $75.06.
How big of a company is South State?
South State has a market capitalization of $2.83 billion and generates $575.15 million in revenue each year. The bank earns $87.55 million in net income (profit) each year or $4.85 on an earnings per share basis. South State employs 2,654 workers across the globe.
What is South State's official website?
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)
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.
