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What is DA Davidson's Forecast for SouthState Q1 Earnings?

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SouthState Co. (NASDAQ:SSB - Free Report) - Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for SouthState in a research note issued on Tuesday, January 28th. DA Davidson analyst G. Tenner anticipates that the bank will earn $1.11 per share for the quarter. The consensus estimate for SouthState's current full-year earnings is $8.12 per share.

Other analysts have also recently issued research reports about the company. Citigroup raised SouthState from a "neutral" rating to a "buy" rating and increased their target price for the company from $106.00 to $128.00 in a research report on Monday, January 27th. Hovde Group downgraded SouthState from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 13th. Stephens reiterated an "overweight" rating and issued a $130.00 target price on shares of SouthState in a report on Friday, January 24th. Piper Sandler raised their price target on shares of SouthState from $110.00 to $112.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, UBS Group started coverage on shares of SouthState in a research note on Tuesday, December 17th. They set a "buy" rating and a $132.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, SouthState has an average rating of "Moderate Buy" and a consensus price target of $115.44.

Get Our Latest Stock Analysis on SouthState

SouthState Stock Down 0.5 %

SSB stock traded down $0.50 during trading on Wednesday, hitting $105.45. 749,006 shares of the company's stock traded hands, compared to its average volume of 1,067,668. The firm has a market capitalization of $8.05 billion, a P/E ratio of 15.15 and a beta of 0.70. SouthState has a 1 year low of $70.68 and a 1 year high of $114.26. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $103.34 and a two-hundred day simple moving average of $99.15.

SouthState Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, February 7th. This represents a $2.16 annualized dividend and a dividend yield of 2.05%. SouthState's payout ratio is currently 31.03%.

Insider Activity

In related news, CFO William E. V. Matthews sold 6,531 shares of SouthState stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $108.29, for a total transaction of $707,241.99. Following the completion of the sale, the chief financial officer now owns 34,107 shares of the company's stock, valued at $3,693,447.03. The trade was a 16.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.26% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its holdings in shares of SouthState by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the bank's stock valued at $2,109,000 after acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of SouthState by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 2,324 shares of the bank's stock worth $231,000 after purchasing an additional 126 shares during the period. Caprock Group LLC raised its stake in shares of SouthState by 5.8% in the 4th quarter. Caprock Group LLC now owns 2,567 shares of the bank's stock valued at $255,000 after acquiring an additional 140 shares during the period. Blue Trust Inc. lifted its holdings in shares of SouthState by 16.8% in the 4th quarter. Blue Trust Inc. now owns 1,161 shares of the bank's stock worth $113,000 after acquiring an additional 167 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in SouthState by 7.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,837 shares of the bank's stock valued at $274,000 after acquiring an additional 186 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

SouthState Company Profile

(Get Free Report)

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.

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