NASDAQ:SSB - South State Stock Price, News, & Analysis

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$66.19 -0.90 (-1.34 %)
(As of 01/22/2019 04:00 PM ET)
Previous Close$67.09
Today's Range$66.07 - $67.05
52-Week Range$56.55 - $93.25
Volume232,100 shs
Average Volume230,593 shs
Market Capitalization$2.42 billion
P/E Ratio13.65
Dividend Yield2.15%
Beta1.18
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.

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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$575.15 million
Cash Flow$4.8491 per share
Book Value$62.81 per share

Profitability

Net Income$87.55 million

Miscellaneous

Employees2,719
Market Cap$2.42 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 paid a dividend of $0.36 per share on Friday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 2.18%. 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 approved a stock repurchase program on Thursday, April 6th 2017, which authorizes the company to repurchase 750,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

How were South State's earnings last quarter?

South State Corp (NASDAQ:SSB) released its quarterly earnings results on Monday, October, 22nd. The bank reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by $0.11. The bank had revenue of $160.32 million for the quarter, compared to the consensus estimate of $167.07 million. South State had a net margin of 19.08% and a return on equity of 8.32%. During the same period last year, the company posted $1.22 earnings per share. View South State's Earnings History.

When is South State's next earnings date?

South State is scheduled to release their next quarterly earnings announcement on Monday, January 28th 2019. View Earnings Estimates for South State.

How can I listen to South State's earnings call?

South State will be holding an earnings conference call on Tuesday, January 29th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8775069272.

What price target have analysts set for SSB?

6 brokers have issued 12 month target prices for South State's stock. Their forecasts range from $57.00 to $90.00. On average, they anticipate South State's stock price to reach $76.75 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price. View Analyst Price Targets for South State.

What is the consensus analysts' recommendation for South State?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South State in the last year. There are currently 1 sell rating, 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?

Media coverage about SSB stock has been trending very positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. 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 news impact score of 3.2 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are some of South State's key competitors?

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 shareholders include Fenimore Asset Management Inc. (2.40%), Dalton Greiner Hartman Maher & Co. (0.14%), Livingston Group Asset Management CO operating as Southport Capital Management (0.01%) and Bank of Montreal Can (0.01%). 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, Paula Harper Bethea, Renee R Brooks, Robert H Demere Jr, Robert R Hill Jr and Robert R Horger. View Institutional Ownership Trends for South State.

Which institutional investors are selling South State stock?

SSB stock was sold by a variety of institutional investors in the last quarter, including Livingston Group Asset Management CO operating as Southport Capital Management. 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 institutional investors are buying South State stock?

SSB stock was acquired by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc., Dalton Greiner Hartman Maher & Co. and Bank of Montreal Can. 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 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 $66.19.

How big of a company is South State?

South State has a market capitalization of $2.42 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?

The official website for South State is http://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.


MarketBeat Community Rating for South State (NASDAQ SSB)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  288 (Vote Outperform)
Underperform Votes:  319 (Vote Underperform)
Total Votes:  607
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.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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