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
Current SymbolNASDAQ:SSB
Previous Symbol
CUSIP78401V10
Phone800-277-2175
Debt
Debt-to-Equity Ratio0.05
Current Ratio0.94
Quick Ratio0.94
Price-To-Earnings
Trailing P/E Ratio12.62
Forward P/E Ratio12.28
P/E GrowthN/A
Sales & Book Value
Annual Sales$575.15 million
Price / Sales4.37
Cash Flow$4.9164 per share
Price / Cash13.99
Book Value$64.83 per share
Price / Book1.06
Profitability
EPS (Most Recent Fiscal Year)$4.85
Net Income$87.55 million
Net Margins19.08%
Return on Equity8.32%
Return on Assets1.34%
Miscellaneous
Employees2,719
Outstanding Shares36,530,000
Market Cap$2.51 billion
OptionableOptionable
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 declared a quarterly dividend on Tuesday, October 23rd. Stockholders of record on Friday, November 9th will be given a dividend of $0.36 per share on Friday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, November 8th. This is a boost from South State's previous quarterly dividend of $0.35. View South State's Dividend History.
How will South State's stock buyback program work?
South State declared that its board has initiated a stock buyback plan on Thursday, April 6th 2017, which authorizes the company to buyback 750,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.
How were South State's earnings last quarter?
South State Corp (NASDAQ:SSB) announced its quarterly earnings data on Monday, October, 22nd. The bank reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.44 by $0.11. The bank had revenue of $160.32 million for the quarter, compared to analyst estimates of $167.07 million. South State had a return on equity of 8.32% and a net margin of 19.08%. During the same quarter in the prior year, the company posted $1.22 EPS. View South State's Earnings History.
When is South State's next earnings date?
What price target have analysts set for SSB?
5 equities research analysts have issued 1 year price objectives for South State's shares. Their predictions range from $79.00 to $95.00. On average, they anticipate South State's share price to reach $86.25 in the next year. This suggests a possible upside of 25.4% 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.
Has South State been receiving favorable news coverage?
News headlines about SSB stock have trended positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. South State earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
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), Popular (BPOP), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), First Financial Bankshares (FFIN), Investors Bancorp (ISBC), Wintrust Financial (WTFC), IBERIABANK (IBKC), Glacier Bancorp (GBCI), Associated Banc (ASB), United Bankshares (UBSI) and First Hawaiian (FHB).
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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.51%), Dimensional Fund Advisors LP (4.03%), Victory Capital Management Inc. (3.12%), Bank of New York Mellon Corp (2.01%), Channing Capital Management LLC (1.83%) and Fenimore Asset Management Inc. (1.68%). 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 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 Panagora Asset Management Inc., Wasatch Advisors Inc., BlackRock Inc., Thompson Siegel & Walmsley LLC, Loomis Sayles & Co. L P, SG Americas Securities LLC, TIAA CREF Investment Management LLC and PNC Financial Services Group Inc.. 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 and Robert R Hill Jr. View Insider Buying and Selling 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 Atlanta Capital Management Co. L L C, Asset Advisors Investment Management LLC, Wells Fargo & Company MN, American Century Companies Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, Fenimore Asset Management Inc. and South State Corp. Company insiders that have bought South State stock in the last two years include Martin Bernard Davis and Robert H Demere Jr. 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 $68.78.
How big of a company is South State?
South State has a market capitalization of $2.51 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 2,719 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.
