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NASDAQ:SSB

SouthState - SSB Stock Forecast, Price & News

$85.53
+0.37 (+0.43%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$84.59
$85.56
50-Day Range
$73.30
$86.17
52-Week Range
$62.60
$93.34
Volume
160,743 shs
Average Volume
380,771 shs
Market Capitalization
$6.46 billion
P/E Ratio
13.75
Dividend Yield
2.35%
Price Target
$92.50

SouthState MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
8.1% Upside
$92.50 Price Target
Short Interest
Healthy
1.95% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.15mentions of SouthState in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$4.39 M Sold Last Quarter
Proj. Earnings Growth
11.55%
From $7.01 to $7.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Finance Sector

423rd out of 914 stocks

State Commercial Banks Industry

87th out of 192 stocks

SSB stock logo

About SouthState (NASDAQ:SSB) Stock

SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment loans. In addition, it provides debit card, mobile and funds transfer products, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust and asset management services; and credit cards, letters of credit, and home equity lines of credit. As of December 31, 2021, it served customers through 281 branches in Florida, South Carolina, Alabama, Georgia, North Carolina, and Virginia. SouthState Corporation also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

SouthState Price Performance

Shares of SouthState stock traded up $0.04 on Thursday, hitting $85.20. The company's stock had a trading volume of 5,159 shares, compared to its average volume of 356,669. SouthState has a 52-week low of $62.60 and a 52-week high of $93.34. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $79.14 and a 200-day moving average price of $81.01. The company has a market capitalization of $6.43 billion, a P/E ratio of 13.70 and a beta of 0.81.

SouthState (NASDAQ:SSB - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The bank reported $1.62 EPS for the quarter, topping the consensus estimate of $1.53 by $0.09. SouthState had a net margin of 30.18% and a return on equity of 9.98%. The business had revenue of $383.29 million for the quarter, compared to analyst estimates of $390.97 million. During the same period in the previous year, the firm earned $1.87 EPS. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts expect that SouthState will post 7.01 earnings per share for the current fiscal year.

SouthState Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 12th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This is a positive change from SouthState's previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 2.35%. SouthState's payout ratio is currently 32.15%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SSB. Raymond James dropped their price objective on shares of SouthState from $93.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, July 7th. StockNews.com raised shares of SouthState from a "sell" rating to a "hold" rating in a research note on Monday, August 1st. Keefe, Bruyette & Woods raised shares of SouthState from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $94.00 to $100.00 in a research note on Thursday, June 2nd. DA Davidson lowered their price target on shares of SouthState to $91.00 and set a "na" rating on the stock in a research note on Monday, May 16th. Finally, Truist Financial upped their price target on shares of SouthState from $90.00 to $97.00 and gave the stock a "buy" rating in a research note on Monday, August 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $92.50.

Insider Buying and Selling

In other SouthState news, insider Douglas Lloyd Williams sold 18,666 shares of the company's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $85.06, for a total value of $1,587,729.96. Following the transaction, the insider now directly owns 70,603 shares in the company, valued at approximately $6,005,491.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other SouthState news, insider Douglas Lloyd Williams sold 18,666 shares of the company's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $85.06, for a total value of $1,587,729.96. Following the transaction, the insider now directly owns 70,603 shares in the company, valued at approximately $6,005,491.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert R. Horger sold 1,150 shares of the company's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $83.00, for a total transaction of $95,450.00. Following the completion of the transaction, the director now owns 33,464 shares in the company, valued at $2,777,512. The disclosure for this sale can be found here. Insiders have sold 51,704 shares of company stock worth $4,385,398 in the last three months. Corporate insiders own 1.88% of the company's stock.

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SSB Stock News Headlines

SouthState (NASDAQ:SSB) Upgraded to Hold by StockNews.com
Expert Ratings for SouthState - Benzinga
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SSB Company Calendar

Ex-Dividend for 5/20 Dividend
5/12/2022
Dividend Payable
5/20/2022
Last Earnings
7/28/2022
Ex-Dividend for 8/19 Dividend
8/11/2022
Today
8/18/2022
Dividend Payable
8/19/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SSB
CUSIP
78401V10
Employees
4,929
Year Founded
1934

Price Target and Rating

Average Stock Price Forecast
$92.50
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$84.50
Forecasted Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$475.54 million
Pretax Margin
38.18%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$8.66 per share
Book Value
$66.78 per share

Miscellaneous

Free Float
74,057,000
Market Cap
$6.46 billion
Optionable
Optionable
Beta
0.81

Social Links


Key Executives

  • Mr. Robert R. Hill Jr.Mr. Robert R. Hill Jr. (Age 55)
    Exec. Chairman
    Comp: $4.72M
  • Mr. John C. CorbettMr. John C. Corbett (Age 53)
    CEO & Director
    Comp: $2.38M
  • Mr. William E. Matthews VMr. William E. Matthews V (Age 57)
    Sr. Exec. VP & CFO
    Comp: $997.47k
  • Ms. Renee R. Brooks (Age 52)
    Chief Operating Officer
    Comp: $1.27M
  • Mr. Stephen Dean Young (Age 45)
    Sr. Exec. VP & Chief Strategy Officer
    Comp: $1.34M
  • Mr. Richard Murray IV (Age 59)
    Pres
  • Ms. Sara G. Arana (Age 38)
    Sr. VP & Chief Accounting Officer
  • Ms. Beth S. DeSimone (Age 62)
    Chief Risk Officer, Gen. Counsel & Corp. Sec.
  • Mr. John C. PollokMr. John C. Pollok (Age 56)
    Sr. Exec. VP & Director
  • Mr. Greg A. LapointeMr. Greg A. Lapointe (Age 58)
    Chief Banking Officer













SSB Stock - Frequently Asked Questions

Should I buy or sell SouthState stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SSB shares.
View SSB analyst ratings
or view top-rated stocks.

What is SouthState's stock price forecast for 2022?

4 equities research analysts have issued twelve-month target prices for SouthState's shares. Their SSB share price forecasts range from $84.50 to $100.00. On average, they predict the company's share price to reach $92.50 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for SSB
or view top-rated stocks among Wall Street analysts.

How have SSB shares performed in 2022?

SouthState's stock was trading at $80.11 at the beginning of the year. Since then, SSB shares have increased by 6.8% and is now trading at $85.53.
View the best growth stocks for 2022 here
.

When is SouthState's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SSB earnings forecast
.

How were SouthState's earnings last quarter?

SouthState Co. (NASDAQ:SSB) announced its quarterly earnings data on Thursday, July, 28th. The bank reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.09. The bank earned $383.29 million during the quarter, compared to analysts' expectations of $390.97 million. SouthState had a net margin of 30.18% and a trailing twelve-month return on equity of 9.98%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $1.87 EPS.

How often does SouthState pay dividends? What is the dividend yield for SouthState?

SouthState declared a quarterly dividend on Thursday, July 28th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.50 per share on Friday, August 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, August 11th. This is a boost from the stock's previous quarterly dividend of $0.49.
Read our dividend analysis for SSB
.

Is SouthState a good dividend stock?

SouthState (NASDAQ:SSB) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.35%. 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 32.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 25.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSB.

What other stocks do shareholders of SouthState own?

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).

What is SouthState's stock symbol?

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

Who are SouthState's major shareholders?

SouthState's stock is owned by many different institutional and retail investors. Top institutional shareholders include Polaris Capital Management LLC (4.36%), Price T Rowe Associates Inc. MD (4.28%), State Street Corp (3.33%), Victory Capital Management Inc. (3.33%), Franklin Resources Inc. (2.09%) and Macquarie Group Ltd. (1.37%). Insiders that own company stock include David G Salyers, Douglas Lloyd Williams, Ernest S Pinner, Greg A Lapointe, James W Roquemore, John C Corbett, John C Corbett, John C Pollok, Keith S Rainwater, Robert H Demere Jr, Robert R Hill Jr, Robert R Horger, Ronald M Cofield and William E V Matthews.
View institutional ownership trends
.

How do I buy shares of SouthState?

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.
Compare Top Brokerages Here.

What is SouthState's stock price today?

One share of SSB stock can currently be purchased for approximately $85.53.

How much money does SouthState make?

SouthState (NASDAQ:SSB) has a market capitalization of $6.46 billion and generates $1.44 billion in revenue each year. The bank earns $475.54 million in net income (profit) each year or $6.22 on an earnings per share basis.

How many employees does SouthState have?

The company employs 4,929 workers across the globe.

When was SouthState founded?

SouthState was founded in 1934.

How can I contact SouthState?

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.

This page (NASDAQ:SSB) was last updated on 8/18/2022 by MarketBeat.com Staff

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