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NASDAQ:SSBSouth State Stock Price, Forecast & News

$52.57
-0.95 (-1.78 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$51.42
Now: $52.57
$53.44
50-Day Range
$42.90
MA: $51.72
$61.50
52-Week Range
$40.42
Now: $52.57
$88.10
Volume249,289 shs
Average Volume298,805 shs
Market Capitalization$1.76 billion
P/E Ratio10.88
Dividend Yield3.51%
Beta1.05
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.37 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SSB
CUSIP78401V10
Phone800-277-2175

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$734.39 million
Cash Flow$6.53 per share
Book Value$69.34 per share

Profitability

Net Income$186.48 million

Miscellaneous

Employees2,547
Market Cap$1.76 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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South State (NASDAQ:SSB) Frequently Asked Questions

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

South State's stock was trading at $57.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SSB stock has decreased by 8.0% and is now trading at $52.57. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of South State?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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, August 3rd 2020. View our earnings forecast for South State.

How were South State's earnings last quarter?

South State Corp (NASDAQ:SSB) released its quarterly earnings data on Thursday, April, 23rd. The bank reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.34 by $0.52. The bank had revenue of $172.15 million for the quarter, compared to analysts' expectations of $157.03 million. South State had a return on equity of 7.58% and a net margin of 22.14%. During the same quarter in the prior year, the firm earned $1.26 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 declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 8th will be given a dividend of $0.47 per share on Friday, May 15th. This represents a $1.88 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Thursday, May 7th. View South State's dividend history.

What price target have analysts set for SSB?

3 analysts have issued 12-month price targets for South State's stock. Their forecasts range from $63.00 to $74.00. On average, they anticipate South State's share price to reach $69.00 in the next twelve months. This suggests a possible upside of 31.3% from the stock's current price. View analysts' price targets for South State.

Has South State been receiving favorable news coverage?

Media coverage about SSB stock has trended very negative recently, according to InfoTrie. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. South State earned a media sentiment score of -3.5 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutSouth State.

Who are some of South State's key 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 CVS Health (CVS), AbbVie (ABBV), Procter & Gamble (PG), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), Cisco Systems (CSCO), Enterprise Products Partners (EPD), Gilead Sciences (GILD), NVIDIA (NVDA) and Pfizer (PFE).

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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.00%), Wellington Management Group LLP (7.21%), Victory Capital Management Inc. (3.37%), Victory Capital Management Inc. (3.37%), Silvercrest Asset Management Group LLC (3.11%) and State Street Corp (2.71%). Company insiders that own South State stock include James C Cherry, James W Roquemore, Joe E Burns, John C Pollok, John F Windley, Keith S Rainwater, Martin Bernard Davis, 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 Victory Capital Management Inc., Victory Capital Management Inc., Wasatch Advisors Inc., Bank of New York Mellon Corp, Fenimore Asset Management Inc., State Street Corp, Eagle Asset Management Inc., and Morgan Stanley. Company insiders that have sold South State company stock in the last year include James W Roquemore, John C Pollok, Keith S Rainwater, and Robert R Horger. View insider buying and selling activity for South State.

Which major investors are buying South State stock?

SSB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Atlanta Capital Management Co. L L C, ClariVest Asset Management LLC, Geode Capital Management LLC, Silvercrest Asset Management Group LLC, Parametric Portfolio Associates LLC, Wellington Management Group LLP, and Mendon Capital Advisors Corp. Company insiders that have bought South State stock in the last two years include Martin Bernard Davis, 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 $52.57.

How big of a company is South State?

South State has a market capitalization of $1.76 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 520 GERVAIS STREET, COLUMBIA SC, 29201. The bank can be reached via phone at 800-277-2175.

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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