South State Corporation (NASDAQ: SSB) is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company's primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years. The bank also operates Minis & Co., Inc. and First Southeast 401K Fiduciaries, Inc., both registered investment advisors; and First Southeast Investor Services, Inc., a limited purpose broker-dealer. South State Corporation has assets of approximately $8.0 billion and its stock is traded under the symbol SSB on the NASDAQ Global Select Market. More information can be found at www.SouthStateBank.com.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Regional - Mid-Atlantic Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:SSB
- CUSIP: 78401V10
- Web: www.scbtonline.com
- Market Cap: $2.4687 billion
- Outstanding Shares: 29,108,000
- 50 Day Moving Avg: $82.07
- 200 Day Moving Avg: $85.37
- 52 Week Range: $70.75 - $93.40
Sales & Book Value:
- Trailing P/E Ratio: 21.67
- Foreward P/E Ratio: 16.59
- P/E Growth: 1.46
- Annual Revenue: $492.87 million
- Price / Sales: 4.98
- Book Value: $55.16 per share
- Price / Book: 1.53
- Annual Dividend: $1.32
- Dividend Yield: 1.6%
- Net Margins: 20.00%
- Return on Equity: 9.15%
- Return on Assets: 1.25%
- Debt-to-Equity Ratio: 0.06%
- Current Ratio: 0.92%
- Quick Ratio: 0.92%
- Average Volume: 105,239 shs.
- Beta: 1.08
- Short Ratio: 15.08
Frequently Asked Questions for South State Corporation (NASDAQ:SSB)
What is South State Corporation's stock symbol?
South State Corporation trades on the NASDAQ under the ticker symbol "SSB."
How often does South State Corporation pay dividends? What is the dividend yield for South State Corporation?
South State Corporation declared a quarterly dividend on Friday, July 21st. Shareholders of record on Friday, August 11th will be paid a dividend of $0.33 per share on Friday, August 18th. This represents a $1.32 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, August 9th. View South State Corporation's Dividend History.
How will South State Corporation's stock buyback program work?
South State Corporation declared that its Board of Directors has initiated a share repurchase program on Thursday, April 6th 2017, which allows the company to buyback 750,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.
How were South State Corporation's earnings last quarter?
South State Corporation (NASDAQ:SSB) posted its quarterly earnings data on Friday, July, 21st. The company reported $1.18 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $1.18. The firm had revenue of $136.61 million for the quarter, compared to analysts' expectations of $137 million. South State Corporation had a net margin of 20.00% and a return on equity of 9.15%. View South State Corporation's Earnings History.
When will South State Corporation make its next earnings announcement?
Where is South State Corporation's stock going? Where will South State Corporation's stock price be in 2017?
4 equities research analysts have issued 1 year target prices for South State Corporation's shares. Their predictions range from $95.00 to $95.00. On average, they anticipate South State Corporation's share price to reach $95.00 in the next twelve months. View Analyst Ratings for South State Corporation.
Who are some of South State Corporation's key competitors?
Some companies that are related to South State Corporation include STORE Capital Corporation (STOR), Axis Capital Holdings Limited (AXS), CubeSmart (CUBE), Medical Properties Trust (MPW), Senior Housing Properties Trust (SNH), Realogy Holdings Corp. (RLGY), SLM Corporation (SLM), Gramercy Property Trust (GPT), Webster Financial Corporation (WBS), Hospitality Properties Trust (HPT), LPL Financial Holdings (LPLA), MGIC Investment Corporation (MTG), TFS Financial Corporation (TFSL), Prosperity Bancshares (PB), F.N.B. Corporation (FNB), First Citizens BancShares (FCNCA), First Horizon National Corporation (FHN) and Umpqua Holdings Corporation (UMPQ).
Who owns South State Corporation stock?
South State Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.66%), BlackRock Inc. (6.85%), Goldman Sachs Group Inc. (3.32%), Dimensional Fund Advisors LP (3.29%), Victory Capital Management Inc. (2.99%) and State Street Corp (2.58%). Company insiders that own South State Corporation stock include Alton Clarence Phillips, Jimmy Evan Addison, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, Luther J Battiste III, M Oswald Fogle, Renee R Brooks, Robert R Hill Jr and Robert R Horger. View Institutional Ownership Trends for South State Corporation.
Who sold South State Corporation stock? Who is selling South State Corporation stock?
South State Corporation's stock was sold by a variety of institutional investors in the last quarter, including Martingale Asset Management L P, Banc Funds Co. LLC, Eaton Vance Management, Thompson Siegel & Walmsley LLC, Channing Capital Management LLC, Bessemer Group Inc., TIAA CREF Investment Management LLC and Dimensional Fund Advisors LP. Company insiders that have sold South State Corporation stock in the last year include Alton Clarence Phillips, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, M Oswald Fogle, Renee R Brooks, Robert R Hill Jr and Robert R Horger. View Insider Buying and Selling for South State Corporation.
Who bought South State Corporation stock? Who is buying South State Corporation stock?
South State Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Wasatch Advisors Inc., Westwood Holdings Group Inc., Russell Investments Group Ltd., BlackRock Inc., State Street Corp, Vanguard Group Inc. and Northern Trust Corp. View Insider Buying and Selling for South State Corporation.
How do I buy South State Corporation stock?
Shares of South State Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is South State Corporation's stock price today?
MarketBeat Community Rating for South State Corporation (NASDAQ SSB)MarketBeat's community ratings are surveys of what our community members think about South State Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of South State Corporation stock can currently be purchased for approximately $84.30.
Consensus Ratings for South State Corporation (NASDAQ:SSB) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$95.00 (12.69% upside)|
Analysts' Ratings History for South State Corporation (NASDAQ:SSB)
(Data available from 9/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/2/2017||Brean Capital||Reiterated Rating||Hold||Low|
|7/25/2017||Keefe, Bruyette & Woods||Upgrade||Market Perform -> Outperform||$95.00||High|
|11/3/2016||FIG Partners||Upgrade||Market-Perform -> Outperform||N/A|
Earnings History for South State Corporation (NASDAQ:SSB)Earnings History by Quarter for South State Corporation (NASDAQ SSB)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/21/2017||Q2 2017||$1.18||$1.18||$137.00 million||$136.61 million||View||N/A|
|4/21/2017||Q1 2017||$1.12||$1.15||$134.35 million||$133.80 million||View||N/A|
|1/27/2017||Q416||$1.15||$1.15||$117.50 million||$113.43 million||View||N/A|
|10/21/2016||Q316||$1.17||$1.18||$118.75 million||$116.59 million||View||Listen|
|7/22/2016||Q216||$1.11||$1.18||$114.85 million||$113.52 million||View||Listen|
|4/22/2016||Q116||$1.03||$1.04||$111.40 million||$111.64 million||View||Listen|
|1/22/2016||Q415||$1.09||$1.11||$115.80 million||$110.63 million||View||Listen|
|10/23/2015||Q315||$1.09||$1.12||$113.60 million||$112.79 million||View||Listen|
|7/24/2015||Q215||$1.06||$1.09||$112.10 million||$112.36 million||View||Listen|
|4/30/2015||Q1||$1.00||$0.99||$108.65 million||$107.55 million||View||N/A|
|1/27/2015||Q414||$1.03||$0.88||$106.88 million||$106.85 million||View||N/A|
|7/29/2014||Q2||$0.90||$0.92||$106.21 million||$105.37 million||View||N/A|
|4/25/2014||$0.79||$0.66||$105.05 million||$104.02 million||View||N/A|
|7/26/2013||Q2 2013||$0.76||$0.74||$65.80 million||View||N/A|
Earnings Estimates for South State Corporation (NASDAQ:SSB)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for South State Corporation (NASDAQ:SSB)
|Most Recent Dividend:||8/18/2017|
|Payout Ratio:||34.11% (Trailing 12 Months of Earnings) |
27.97% (Based on This Year's Estimates)
25.98% (Based on Next Year's Estimates)
Dividend History by Quarter for South State Corporation (NASDAQ SSB)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for South State Corporation (NASDAQ:SSB)
Insider Ownership Percentage: 2.78%Insider Trades by Quarter for South State Corporation (NASDAQ:SSB)
Institutional Ownership Percentage: 66.71%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/25/2017||Robert R Hill Jr||CEO||Sell||2,831||$82.10||$232,425.10|| |
|8/18/2017||Joe E Burns||Insider||Sell||250||$81.15||$20,287.50|| |
|8/16/2017||Joe E Burns||Insider||Sell||500||$83.39||$41,695.00|| |
|6/8/2017||Keith S Rainwater||Insider||Sell||300||$86.10||$25,830.00|| |
|6/8/2017||Robert R Hill Jr||CEO||Sell||5,727||$85.27||$488,341.29|| |
|6/8/2017||Robert R Horger||Director||Sell||1,788||$85.20||$152,337.60|| |
|6/2/2017||Joe E Burns||Insider||Sell||1,950||$85.00||$165,750.00|| |
|3/7/2017||M Oswald Fogle||Director||Sell||3,000||$91.62||$274,860.00|| |
|2/22/2017||Alton Clarence Phillips||Director||Sell||1,000||$91.65||$91,650.00|| |
|2/17/2017||M Oswald Fogle||Director||Sell||3,321||$90.00||$298,890.00|| |
|2/10/2017||Renee R Brooks||Insider||Sell||1,825||$87.01||$158,793.25|| |
|1/31/2017||John C Pollok||Insider||Sell||8,483||$89.27||$757,277.41|| |
|11/22/2016||Alton Clarence Phillips||Director||Sell||1,000||$86.00||$86,000.00|| |
|11/17/2016||Keith S Rainwater||Insider||Sell||300||$83.40||$25,020.00|| |
|11/16/2016||Alton Clarence Phillips||Director||Sell||1,000||$83.46||$83,460.00|| |
|11/15/2016||Robert R Hill Jr||Insider||Sell||800||$83.62||$66,896.00|| |
|11/14/2016||Joe E Burns||Insider||Sell||2,500||$83.40||$208,500.00|| |
|11/11/2016||Robert R Hill Jr||Insider||Sell||2,891||$83.80||$242,265.80|| |
|11/10/2016||Alton Clarence Phillips||Director||Sell||2,000||$79.84||$159,680.00|| |
|11/10/2016||John F Windley||President||Sell||2,028||$79.74||$161,712.72|| |
|10/26/2016||Joe E Burns||Insider||Sell||5,005||$72.89||$364,814.45|| |
|9/2/2016||Robert R Horger||Director||Sell||5,000||$75.50||$377,500.00|| |
|8/30/2016||Keith S Rainwater||EVP||Sell||250||$75.60||$18,900.00|| |
|8/5/2016||Robert R Hill Jr||CEO||Sell||4,138||$73.04||$302,239.52|| |
|8/4/2016||Robert R Hill Jr||CEO||Sell||2,545||$72.00||$183,240.00|| |
|8/1/2016||Robert R Hill Jr||CEO||Sell||1,000||$72.24||$72,240.00|| |
|7/29/2016||Robert R Hill Jr||CEO||Sell||1,175||$74.38||$87,396.50|| |
|7/25/2016||M Oswald Fogle||Director||Sell||9,000||$74.93||$674,370.00|| |
|3/4/2016||Joe E Burns||Insider||Sell||500||$64.80||$32,400.00|| |
|2/24/2016||Luther J Battiste III||Director||Sell||352||$61.10||$21,507.20|| |
|2/12/2016||Jimmy Evan Addison||Director||Buy||1,500||$61.90||$92,850.00|| |
|11/5/2015||Robert R Hill Jr||CEO||Sell||2,755||$79.85||$219,986.75|| |
|8/24/2015||Robert H Demere Jr||Director||Buy||2,000||$74.45||$148,900.00|| |
|6/12/2015||Robert R Horger||Director||Sell||5,000||$75.00||$375,000.00|| |
|6/5/2015||Robert R Hill Jr||CEO||Sell||2,092||$73.00||$152,716.00|| |
|5/21/2015||Luther J Battiste III||Director||Sell||2,500||$72.23||$180,575.00|| |
|5/15/2015||M Oswald Fogle||Director||Sell||6,000||$70.09||$420,540.00|| |
|1/28/2015||Alton Clarence Phillips||Director||Buy||1,000||$60.17||$60,170.00|| |
|12/3/2014||Robert R Hill Jr||CEO||Sell||5,000||$62.62||$313,100.00|| |
|6/19/2014||Robert H Demere Jr||Director||Buy||3,000||$59.50||$178,500.00|| |
|5/13/2014||M Oswald Fogle||Director||Buy||2,000||$57.50||$115,000.00|| |
|5/7/2014||M Oswald Fogle||Director||Buy||1,060||$55.50||$58,830.00|| |
|2/5/2014||Alton Clarence Phillips||Director||Buy||1,000||$59.00||$59,000.00|| |
|3/21/2013||Kevin P Walker||Director||Buy||2,000||$49.92||$99,840.00|| |
Headline Trends for South State Corporation (NASDAQ:SSB)
Latest Headlines for South State Corporation (NASDAQ:SSB)
South State Corporation (SSB) Chart for Friday, September, 22, 2017