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SouthState (SSB) Stock Price, News & Analysis

SouthState logo
$109.00 +2.17 (+2.03%)
(As of 11/22/2024 ET)

About SouthState Stock (NASDAQ:SSB)

Key Stats

Today's Range
$107.01
$109.17
50-Day Range
$94.04
$111.42
52-Week Range
$70.68
$113.14
Volume
678,386 shs
Average Volume
564,756 shs
Market Capitalization
$8.32 billion
P/E Ratio
16.82
Dividend Yield
1.98%
Price Target
$105.11
Consensus Rating
Hold

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.

SouthState Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

SSB MarketRank™: 

SouthState scored higher than 80% of companies evaluated by MarketBeat, and ranked 279th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    SouthState has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    SouthState has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about SouthState's stock forecast and price target.
  • 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 16.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.97.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of SouthState is 16.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 39.10.

  • Price to Book Value per Share Ratio

    SouthState has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about SouthState's valuation and earnings.
  • Short Interest

    There is no current short interest data available for SSB.
  • Dividend Yield

    SouthState pays a meaningful dividend of 2.02%, 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.

  • Read more about SouthState's dividend.
  • Short Interest

    There is no current short interest data available for SSB.
  • News Sentiment

    SouthState has a news sentiment score of 1.74. 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 0.83 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for SouthState this week, compared to 4 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, SouthState insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $750,000.00 in 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.

  • Read more about SouthState's insider trading history.
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SSB Stock News Headlines

Hovde Group Downgrades SouthState (SSB)
KBW Sticks to Its Buy Rating for SouthState Corporation (SSB)
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D.A. Davidson Sticks to Its Buy Rating for SouthState Corporation (SSB)
See More Headlines

SSB Stock Analysis - Frequently Asked Questions

SouthState's stock was trading at $84.45 at the beginning of 2024. Since then, SSB shares have increased by 29.1% and is now trading at $109.00.
View the best growth stocks for 2024 here
.

SouthState Co. (NASDAQ:SSB) announced its earnings results on Wednesday, October, 23rd. The bank reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.26. The firm's quarterly revenue was down .4% compared to the same quarter last year.

SouthState's top institutional investors include State Street Corp (4.71%), Victory Capital Management Inc. (3.13%), Geode Capital Management LLC (2.39%) and Wellington Management Group LLP (1.54%). 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
.

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.

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
11/23/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/23/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:SSB
CUSIP
78401V10
Employees
5,070
Year Founded
1934

Price Target and Rating

Average Stock Price Target
$105.11
High Stock Price Target
$120.00
Low Stock Price Target
$90.00
Potential Upside/Downside
-3.6%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$494.31 million
Pretax Margin
27.74%

Debt

Sales & Book Value

Annual Sales
$2.23 billion
Cash Flow
$8.10 per share
Book Value
$77.39 per share

Miscellaneous

Free Float
75,332,000
Market Cap
$8.32 billion
Optionable
Optionable
Beta
0.66

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This page (NASDAQ:SSB) was last updated on 11/23/2024 by MarketBeat.com Staff
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