NASDAQ:SSB

South State Stock Forecast, Price & News

$79.34

-1.14 (-1.42 %)

(As of 01/20/2021 12:00 AM ET)

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Today's Range

$78.32

Now: $79.34▼

$80.39

50-Day Range

$70.30

MA: $75.41▼

$81.62

52-Week Range

$40.42

Now: $79.34▼

$86.88

Volume238,717 shs

Average Volume293,101 shs

Market Capitalization$5.63 billion

P/E Ratio51.52

Dividend Yield2.34%

Beta1.08

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, and trust and wealth management services. The company accepts demand deposits, savings deposits, interest-bearing transaction accounts, checking accounts, money market accounts, certificates of deposit, and other time deposits. It also offers commercial real estate loans, residential real estate loans, commercial and industrial loans, and other consumer loans; lending and credit card services; and automated teller machines processing services. In addition, the company provides treasury management services, merchant services, debit card products, automated clearing house services, lock-box services, remote deposit capture services, and other treasury services. As of December 31, 2019, it served customers through 155 financial centers in 29 South Carolina counties, nine North Carolina counties, 17 Georgia counties, and four 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.

MarketRank^™

Overall MarketRank^™

1.94 out of 5 stars

Finance Sector

293rd out of 1,939 stocks

State Commercial Banks Industry

55th out of 310 stocks

1.3 Analyst's Opinion

Consensus Rating
South State has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $69.00, South State has a forecasted downside of 13.0% from its current price of $79.34.
Amount of Analyst Coverage
South State has only been the subject of 2 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
South State has received 466 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
South State has received 532 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
South State has received 53.31% “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.

2.5 Dividend Strength

Dividend Yield
South State pays a meaningful dividend of 2.34%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
South State does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of South State is 33.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, South State will have a dividend payout ratio of 34.06% next year. This indicates that South State will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, South State insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,533,821.00 in company stock.
Percentage Held by Insiders
Only 1.43% of the stock of South State is held by insiders.
Percentage Held by Institutions
76.01% of the stock of South State is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for South State are expected to grow by 16.70% in the coming year, from $4.73 to $5.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of South State is 51.52, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of South State is 51.52, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.01.
Price to Book Value per Share Ratio
South State has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Phone863-293-4710

Employees5,266

Debt

Debt-to-Equity Ratio0.23

Current Ratio0.99

Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio51.52

Forward P/E Ratio16.77

P/E GrowthN/A

Sales & Book Value

Annual Sales$734.39 million

Price / Sales7.67

Cash Flow$6.97 per share

Price / Cash Flow11.39

Book Value$70.33 per share

Price / Book1.13

Profitability

EPS (Most Recent Fiscal Year)$5.63

Net Income$186.48 million

Net Margins8.18%

Return on Equity6.67%

Return on Assets0.85%

Miscellaneous

Outstanding Shares70,955,000

Market Cap$5.63 billion

Next Earnings Date1/27/2021 (Confirmed)

OptionableOptionable

$79.34

-1.14 (-1.42 %)

(As of 01/20/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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South State (NASDAQ:SSB) Frequently Asked Questions

How has South State's stock been impacted by COVID-19?

South State's stock was trading at $57.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SSB stock has increased by 38.8% and is now trading at $79.34.
View which stocks have been most impacted by COVID-19.

Is South State a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" South State stock.
View analyst ratings for South State or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than South State?

Wall Street analysts have given South State a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but South State wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Doug Parker's approval rating as South State's CEO?

1,428 employees have rated South State CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 59% among South State's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is South State's next earnings date?

South State is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for South State.

How can I listen to South State's earnings call?

South State will be holding an earnings conference call on Wednesday, January 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were South State's earnings last quarter?

South State Co. (NASDAQ:SSB) announced its quarterly earnings results on Thursday, October, 29th. The bank reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.34. The bank had revenue of $385.14 million for the quarter, compared to analysts' expectations of $165.78 million. South State had a net margin of 8.18% and a return on equity of 6.67%. During the same period last year, the business posted $1.49 earnings per share.
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, October 29th. Investors of record on Friday, November 13th will be paid a dividend of $0.47 per share on Friday, November 20th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Thursday, November 12th.
View South State's dividend history.

Is South State a good dividend stock?

South State pays an annual dividend of $1.88 per share and currently has a dividend yield of 2.34%. The dividend payout ratio of South State is 33.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, South State will have a dividend payout ratio of 34.06% next year. This indicates that South State will be able to sustain or increase its dividend.
View South State's dividend history.

What price target have analysts set for SSB?

6 brokers have issued 12 month price objectives for South State's shares. Their forecasts range from $58.00 to $76.00. On average, they anticipate South State's share price to reach $69.00 in the next twelve months. This suggests that the stock has a possible downside of 13.0%.
View analysts' price targets for South State or view Wall Street analyst' top-rated stocks.

Who are some of South State's key competitors?

Some companies that are related to South State include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), Signature Bank (SBNY), First Horizon (FHN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
View all of SSB's 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), QUALCOMM (QCOM), The Boeing (BA), The Procter & Gamble (PG), Stitch Fix (SFIX), UGI (UGI), Illumina (ILMN), Johnson & Johnson (JNJ) and Mastercard (MA).

Who are South State's key executives?

South State's management team includes the following people:

Mr. Robert R. Hill Jr., Exec. Chairman (Age 54, Pay $2.02M)
Ms. Renee R. Brooks, Chief Operating Officer (Age 51, Pay $690.99k)
Mr. John C. Pollok, Sr. EVP & Director (Age 55, Pay $1.33M)
Mr. Greg A. Lapointe, Chief Banking Officer (Age 57, Pay $767.25k)
Mr. John S. Goettee, Pres of Central Banking Group (Age 62, Pay $653.72k)
Mr. John C. Corbett, CEO & Director (Age 52)
Mr. Richard Murray IV, Pres (Age 58)
Mr. William E. Matthews V, Chief Financial Officer (Age 56)
Mr. Keith S. Rainwater, Exec. VP & Principal Accounting Officer (Age 58)
Ms. Sara G. Arana, Chief Accounting Officer (Age 38)

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 Tributary Capital Management LLC (0.52%), Peregrine Capital Management LLC (0.22%), Dalton Greiner Hartman Maher & Co. (0.09%), Red Spruce Capital LLC (0.04%), OLD National Bancorp IN (0.01%) and Kestra Advisory Services LLC (0.01%). Company insiders that own South State stock include David G Salyers, Ernest S Pinner, James C Cherry, James W Roquemore, John C Corbett, John C Pollok, John F Windley, Keith S Rainwater, 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 Dalton Greiner Hartman Maher & Co., Tributary Capital Management LLC, Red Spruce Capital LLC, and Carroll Financial Associates Inc.. Company insiders that have sold South State company stock in the last year include Ernest S Pinner, John C Pollok, and Robert R Hill Jr.
View insider buying and selling activity for South State or view top insider-selling stocks.

Which major investors are buying South State stock?

SSB stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, OLD National Bancorp IN, Kestra Advisory Services LLC, First Hawaiian Bank, and Livingston Group Asset Management CO operating as Southport Capital Management. 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.

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 WeBull, 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 $79.34.

How big of a company is South State?

South State has a market capitalization of $5.63 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 5,266 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 1/21/2021 by MarketBeat.com Staff

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