SouthState - SSB Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SSB shares.
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4 Wall Street analysts have issued twelve-month target prices for SouthState's stock. Their SSB share price forecasts range from $91.00 to $100.00. On average, they expect the company's share price to reach $95.60 in the next year. This suggests a possible upside of 23.8% from the stock's current price.
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SouthState's stock was trading at $76.36 on January 1st, 2023. Since then, SSB shares have increased by 1.2% and is now trading at $77.25.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our SSB earnings forecast.

SouthState Co. (NASDAQ:SSB) posted its earnings results on Friday, January, 27th. The bank reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $2.06 by $0.16. The bank had revenue of $459.40 million for the quarter, compared to analyst estimates of $447.26 million. SouthState had a net margin of 29.01% and a trailing twelve-month return on equity of 10.58%. SouthState's revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 EPS.

SouthState announced a quarterly dividend on Thursday, January 26th. Investors of record on Friday, February 10th will be given a dividend of $0.50 per share on Friday, February 17th. This represents a $2.00 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for SSB.

SouthState (NASDAQ:SSB) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.59%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 23.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSB.

Based on aggregate information from My MarketBeat watchlists, some companies that other SouthState investors own include NVIDIA (NVDA), CVS Health (CVS), QUALCOMM (QCOM), Boeing (BA), Procter & Gamble (PG), Stitch Fix (SFIX), UGI (UGI), Illumina (ILMN), Johnson & Johnson (JNJ) and Mastercard (MA).

SouthState trades on the NASDAQ under the ticker symbol "SSB."

SouthState's stock is owned by a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.09%), Fenimore Asset Management Inc. (0.81%), Tributary Capital Management LLC (0.31%), Assenagon Asset Management S.A. (0.17%), Natixis Advisors L.P. (0.15%) and Strs Ohio (0.15%). Insiders that own company stock include David G Salyers, Douglas Lloyd Williams, Ernest S Pinner, G Ruffner Page Jr, Greg A Lapointe, John C Corbett, John C Corbett, John C Pollok, Renee R Brooks, Robert H Demere Jr, Robert R Hill Jr, Robert R Horger, Ronald M Cofield and William E V Matthews.
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Shares of SSB stock 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.
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One share of SSB stock can currently be purchased for approximately $77.25.

SouthState (NASDAQ:SSB) has a market capitalization of $5.85 billion and generates $1.71 billion in revenue each year. The bank earns $496.05 million in net income (profit) each year or $6.59 on an earnings per share basis.

The company employs 4,929 workers across the globe.

SouthState's mailing address is 1101 FIRST STREET SOUTH SUITE 202, WINTER HAVEN FL, 33880. The official website for the company is www.southstatebank.com. The bank can be reached via phone at (800) 277-2175, via email at investorrelations@southstatebank.com, or via fax at 803-765-1966.