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NASDAQ:SSB

SouthState - SSB Stock Forecast, Price & News

$82.61
+0.39 (+0.47%)
(As of 08/8/2022 11:34 AM ET)
Add
Compare
Today's Range
$82.47
$83.04
50-Day Range
$73.30
$84.77
52-Week Range
$62.60
$93.34
Volume
3,990 shs
Average Volume
388,301 shs
Market Capitalization
$6.24 billion
P/E Ratio
13.28
Dividend Yield
2.38%
Price Target
$92.50

SouthState MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
11.8% Upside
$92.50 Price Target
Short Interest
Healthy
2.36% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.14mentions of SouthState in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$1.71 M Sold Last Quarter
Proj. Earnings Growth
11.21%
From $7.05 to $7.84 Per Share

Overall MarketRank

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

2.79 out of 5 stars

Finance Sector

194th out of 1,207 stocks

State Commercial Banks Industry

33rd out of 217 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.

Wall Street Analyst Weigh In

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

SouthState Price Performance

SSB opened at $82.22 on Monday. The stock has a fifty day simple moving average of $78.58 and a two-hundred day simple moving average of $80.92. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 13.22 and a beta of 0.81. SouthState has a 12-month low of $62.60 and a 12-month high of $93.34.

SouthState (NASDAQ:SSB - Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.09. SouthState had a return on equity of 10.04% and a net margin of 30.18%. The business had revenue of $383.29 million during the quarter, compared to the consensus estimate of $390.97 million. During the same quarter in the prior year, the company earned $1.87 earnings per share. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. Research analysts predict that SouthState will post 7.05 earnings per share for the current fiscal year.

SouthState Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, August 11th. This is an increase from SouthState's previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. SouthState's dividend payout ratio (DPR) is presently 31.51%.

Insider Activity

In other news, insider Douglas Lloyd Williams sold 18,666 shares of the firm's stock in a transaction on Friday, July 29th. The stock was sold at an average price of $85.06, for a total transaction of $1,587,729.96. Following the completion of the transaction, the insider now directly owns 70,603 shares in the company, valued at $6,005,491.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Douglas Lloyd Williams sold 18,666 shares of SouthState stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $85.06, for a total value of $1,587,729.96. Following the completion of the sale, the insider now directly owns 70,603 shares in the company, valued at approximately $6,005,491.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Greg A. Lapointe sold 304 shares of SouthState stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $82.99, for a total value of $25,228.96. Following the completion of the sale, the insider now owns 24,680 shares of the company's stock, valued at $2,048,193.20. The disclosure for this sale can be found here. Insiders sold 20,120 shares of company stock worth $1,708,409 over the last three months. 1.88% of the stock is currently owned by corporate insiders.

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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
Today
8/08/2022
Ex-Dividend for 8/19 Dividend
8/11/2022
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
+12.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$475.54 million
Pretax Margin
38.27%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$8.76 per share
Book Value
$68.79 per share

Miscellaneous

Free Float
74,057,000
Market Cap
$6.24 billion
Optionable
Optionable
Beta
0.81

Social Links















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 year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SouthState stock.
View analyst ratings for SouthState
or view top-rated stocks.

What is SouthState's stock price forecast for 2022?

4 brokerages have issued 12-month target prices for SouthState's shares. Their SSB stock forecasts range from $84.50 to $100.00. On average, they anticipate SouthState's stock price to reach $92.50 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
View analysts' price targets for SouthState
or view top-rated stocks among Wall Street analysts.

How has SouthState's stock performed in 2022?

SouthState's stock was trading at $80.11 on January 1st, 2022. Since then, SSB shares have increased by 2.6% and is now trading at $82.22.
View the best growth stocks for 2022 here
.

When is SouthState's next earnings date?

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

How were SouthState's earnings last quarter?

SouthState Co. (NASDAQ:SSB) released its quarterly earnings results on Thursday, July, 28th. The bank reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.09. The bank had revenue of $383.29 million for 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 10.04%. SouthState's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 EPS.

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

SouthState announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Friday, August 12th will be given a dividend of $0.50 per share on Friday, August 19th. This represents a $2.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, August 11th. This is an increase from SouthState's previous quarterly dividend of $0.49.
View SouthState's dividend history
.

Is SouthState a good dividend stock?

SouthState(NASDAQ:SSB) pays an annual dividend of $1.96 per share and currently has a dividend yield of 2.38%. SouthState 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 of SouthState is 31.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SouthState will have a dividend payout ratio of 25.00% next year. This indicates that SouthState will be able to sustain or increase its dividend.
View SouthState's dividend history.

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 retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (3.33%), Allspring Global Investments Holdings LLC (1.07%), Fenimore Asset Management Inc. (0.81%), Private Management Group Inc. (0.52%), Tributary Capital Management LLC (0.40%) and Vaughan Nelson Investment Management L.P. (0.35%). Company insiders that own SouthState 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 for SouthState
.

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 $82.22.

How much money does SouthState make?

SouthState (NASDAQ:SSB) has a market capitalization of $6.21 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?

SouthState 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 SouthState 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 8/8/2022 by MarketBeat.com Staff

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