SouthState - SSB Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SSB shares.
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5 brokers have issued twelve-month target prices for SouthState's stock. Their SSB share price forecasts range from $79.00 to $100.00. On average, they anticipate the company's share price to reach $90.50 in the next year. This suggests a possible upside of 22.2% from the stock's current price.
View analysts price targets for SSB or view top-rated stocks among Wall Street analysts.

SouthState's stock was trading at $76.36 at the beginning of the year. Since then, SSB stock has decreased by 3.1% and is now trading at $74.03.
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SouthState saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 2,630,000 shares, an increase of 51.1% from the February 28th total of 1,740,000 shares. Based on an average daily volume of 802,800 shares, the short-interest ratio is presently 3.3 days.
View SouthState's Short Interest.

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) issued its quarterly earnings data on Friday, January, 27th. The bank reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by $0.16. The bank had revenue of $459.40 million for the quarter, compared to the consensus estimate of $447.26 million. SouthState had a trailing twelve-month return on equity of 10.56% and a net margin of 29.01%. The firm's revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS.

SouthState announced a quarterly dividend on Thursday, January 26th. Stockholders 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 2.70%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for SSB.

ETFs with the largest weight of SouthState (NASDAQ:SSB) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), ProShares Russell 2000 Dividend Growers ETF (SMDV), Nuveen Small Cap Select ETF (NSCS), Direxion Daily Regional Banks Bull 3x Shares (DPST) and Principal U.S. Small-Cap Multi-Factor ETF (PSC).

SouthState (NASDAQ:SSB) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.81%. 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 26.18% 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 variety of institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (4.16%), Select Equity Group L.P. (4.14%), Victory Capital Management Inc. (3.49%), Victory Capital Management Inc. (3.50%), Dimensional Fund Advisors LP (3.20%) and American Century Companies Inc. (2.40%). 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 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 $74.03.

SouthState (NASDAQ:SSB) has a market capitalization of $5.61 billion and generates $1.61 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 4,921 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.