SouthState (SSB) Stock Price, News & Analysis

Company Overview

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 offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services. 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, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. In addition, it provides debit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking 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 management services; and credit cards, letters of credit, and home equity lines of credit. The company 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.

Key Stats

• Today's Range: $98.22 to $101.81
• 50-Day Range: $95.65 to $112.25
• 52-Week Range: $70.68 to $114.26
• Volume: 1.34 million shs
• Average Volume: 498,195 shs
• Market Capitalization: $7.65 billion
• P/E Ratio: 15.46
• Dividend Yield: 2.16%
• Price Target: $109.78
• Consensus Rating: Moderate Buy

SouthState Stock Analysis - MarketRank™

SouthState scored higher than 76% of companies evaluated by MarketBeat, and ranked 335th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

SouthState has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SouthState has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.07%

Earnings Growth

Earnings for SouthState are expected to grow by 8.07% in the coming year, from $6.94 to $7.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SouthState is 15.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of SouthState is 15.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.91.

Price to Book Value per Share Ratio

SouthState has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SSB.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

SouthState pays a meaningful dividend of 2.18%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

SouthState has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of SouthState is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, SouthState will have a dividend payout ratio of 28.80% next year. This indicates that SouthState will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for SSB.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 1.01

News Sentiment

SouthState has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for SouthState this week, compared to 5 articles on an average week.

MarketBeat Follows

1 people have added SouthState to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SouthState insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.26% of the stock of SouthState is held by insiders.

Percentage Held by Institutions

89.76% of the stock of SouthState is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SSB Stock Analysis - Frequently Asked Questions

How have SSB shares performed this year?

SouthState's stock was trading at $84.45 at the beginning of 2024. Since then, SSB stock has increased by 18.7% and is now trading at $100.21.
View the best growth stocks for 2024 here.

How were SouthState's earnings last quarter?

SouthState Co. (NASDAQ:SSB) announced its quarterly earnings data on Wednesday, October, 23rd. The bank reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.26. The business's revenue for the quarter was down .4% on a year-over-year basis.

Who are SouthState's major shareholders?

Top institutional shareholders of SouthState include State Street Corp (4.71%), Victory Capital Management Inc. (3.13%), Franklin Resources Inc. (2.43%) and Geode Capital Management LLC (2.39%). Insiders that own company stock include G Ruffner Page Jr, Richard Iv Murray, William E V Matthews, Daniel E Bockhorst, Renee R Brooks, Robert R Horger, Greg A Lapointe, Douglas Lloyd Williams, Robert R Hill Jr, John C Pollok, Ronald M Cofield and Ernest S Pinner.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SouthState own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SouthState investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Netflix (NFLX), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM) and Visa (V).

Company Calendar

• Last Earnings: 10/23/2024
• Ex-Dividend for 11/15 Dividend: 11/08/2024
• Dividend Payable: 11/15/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:SSB
• CUSIP: 78401V10
• CIK: 764038
• Web: www.southstatebank.com
• Phone: (800) 277-2175
• Fax: 803-765-1966
• Employees: 5,070
• Year Founded: 1934

Price Target and Rating

• Average Stock Price Target: $109.78
• High Stock Price Target: $132.00
• Low Stock Price Target: $90.00
• Potential Upside/Downside: +9.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.48
• Trailing P/E Ratio: 15.46
• Forward P/E Ratio: 14.44
• P/E Growth: N/A
• Net Income: $494.31 million
• Net Margins: 21.24%
• Pretax Margin: 27.74%
• Return on Equity: 9.41%
• Return on Assets: 1.17%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 0.92
• Quick Ratio: 0.91

Sales & Book Value

• Annual Sales: $1.65 billion
• Price / Sales: 4.64
• Cash Flow: $7.25 per share
• Price / Cash Flow: 13.82
• Book Value: $72.78 per share
• Price / Book: 1.38

Miscellaneous

• Outstanding Shares: 76,293,000
• Free Float: 75,332,000
• Market Cap: $7.65 billion
• Optionable: Optionable
• Beta: 0.69