Should I buy or sell SouthState stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SSB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SSB, but not buy additional shares or sell existing shares. View SSB analyst ratings or view top-rated stocks .

What is SouthState's stock price target for 2024?

5 Wall Street research analysts have issued 12 month target prices for SouthState's shares. Their SSB share price targets range from $78.00 to $102.00. On average, they predict the company's share price to reach $87.80 in the next year. This suggests a possible upside of 14.6% from the stock's current price. View analysts price targets for SSB or view top-rated stocks among Wall Street analysts .

How have SSB shares performed in 2024?

SouthState's stock was trading at $84.45 on January 1st, 2024. Since then, SSB stock has decreased by 9.3% and is now trading at $76.61. View the best growth stocks for 2024 here .

When is SouthState's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our SSB earnings forecast .

How can I listen to SouthState's earnings call?

SouthState will be holding an earnings conference call on Friday, April 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were SouthState's earnings last quarter?

SouthState Co. (NASDAQ:SSB) announced its quarterly earnings results on Thursday, January, 25th. The bank reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.13. The bank had revenue of $419.72 million for the quarter, compared to analysts' expectations of $419.08 million. SouthState had a net margin of 22.15% and a trailing twelve-month return on equity of 9.85%.

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

SouthState announced a quarterly dividend on Wednesday, January 24th. Shareholders of record on Friday, February 9th will be paid a dividend of $0.52 per share on Friday, February 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, February 8th. Read our dividend analysis for SSB .

Is SouthState a good dividend stock?

SouthState (NASDAQ:SSB) pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.72%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 29.09% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SSB .

What ETFs hold SouthState's stock?

ETFs with the largest weight of SouthState (NASDAQ:SSB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR) , SPDR S&P Regional Banking ETF (KRE) , Nuveen Small Cap Select ETF (NSCS) , iShares U.S. Regional Banks ETF (IAT) , SPDR S&P Bank ETF (KBE) , JPMorgan Active Small Cap Value ETF (JPSV) , Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust Nasdaq Bank ETF (FTXO) .

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) .

Who are SouthState's major shareholders?

SouthState's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.47%), Tributary Capital Management LLC (0.36%), Fifth Third Wealth Advisors LLC (0.04%) and Red Spruce Capital LLC (0.04%). Insiders that own company stock include Daniel E Bockhorst, Douglas Lloyd Williams , Ernest S Pinner , G Ruffner Page Jr , Greg A Lapointe , John C Corbett , John C Pollok , Renee R Brooks , Richard Iv Murray, Robert R Hill Jr , Robert R Horger , Ronald M Cofield and William E V Matthews . 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 .

NASDAQ:SSB

SouthState (SSB) Stock Price, News & Analysis

→ This company has increased its dividend every year for 54 years (From DTI) (Ad)

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$76.61

+0.52 (+0.68%)

(As of 04/18/2024 ET)

Compare

Today's Range: $75.86
▼
$76.88
50-Day Range: $75.99
▼
$85.54
52-Week Range: $59.51
▼
$87.77

Volume: 414,951 shs
Average Volume: 408,890 shs
Market Capitalization: $5.84 billion

P/E Ratio: 11.85
Dividend Yield: 2.72%
Price Target: $87.80

Get SouthState alerts:

SouthState MarketRank™ Stock Analysis

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 14.6% Upside
$87.80 Price Target
Short Interest: N/A
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 4 Articles This Week
Insider Trading: Selling Shares
$988,686 Sold Last Quarter
Proj. Earnings Growth: 7.84%
From $6.63 to $7.15 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.83 out of 5 stars

Finance Sector

529th out of 823 stocks

State Commercial Banks Industry

136th out of 172 stocks

2.1

Analyst's Opinion

Consensus Rating
SouthState has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
SouthState has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for SSB.

4.2

Dividend Strength

Dividend Yield
SouthState pays a meaningful dividend of 2.72%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
SouthState has been increasing its dividend for 12 years.
Dividend Coverage
The dividend payout ratio of SouthState is 32.20%. 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 29.09% next year. This indicates that SouthState will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SSB.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 4 news articles for SouthState this week, compared to 3 articles on an average week.
Search Interest
2 people have searched for SSB on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added SouthState to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

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 $988,686.00 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for SouthState are expected to grow by 7.84% in the coming year, from $6.63 to $7.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SouthState is 11.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of SouthState is 11.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.02.
Price to Book Value per Share Ratio
SouthState has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About SouthState Stock (NASDAQ:SSB)

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.

SSB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SSB Stock News Headlines

March 22, 2024 | insidertrades.com

Insider Selling: SouthState Co. (NASDAQ:SSB) President Sells 4,900 Shares of Stock

March 22, 2024 | insidertrades.com

Daniel E. Bockhorst Sells 3,000 Shares of SouthState Co. (NASDAQ:SSB) Stock

April 18, 2024 | Paradigm Press (Ad)

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 18, 2024 | americanbankingnews.com

DA Davidson Weighs in on SouthState Co.'s Q1 2024 Earnings (NASDAQ:SSB)

April 18, 2024 | americanbankingnews.com

SouthState (SSB) Scheduled to Post Earnings on Thursday

April 17, 2024 | finance.yahoo.com

Houston SBA Trading and Sales Team Joins SouthState

April 9, 2024 | prnewswire.com

SouthState Highlights ESG Commitment in 2024 Corporate Social Responsibility (CSR) Report

April 4, 2024 | msn.com

Lake Norman brewery in bankruptcy

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March 29, 2024 | prnewswire.com

SouthState Corporation to Announce Quarterly Earnings Results on Thursday, April 25, 2024

March 23, 2024 | investing.com

SouthState Corp president sells shares worth over $400k

March 22, 2024 | finance.yahoo.com

Insider Sell: President Richard Murray Sells Shares of SouthState Corp (SSB)

March 20, 2024 | finance.yahoo.com

Insider Sell: Chief Credit Officer Daniel Bockhorst Sells 3,000 Shares of SouthState Corp (SSB)

March 6, 2024 | finance.yahoo.com

Chief Banking Officer Greg Lapointe Sells Shares of SouthState Corp (SSB)

February 24, 2024 | msn.com

SouthState (SSB) Price Target Increased by 7.64% to 94.67

February 8, 2024 | finance.yahoo.com

SouthState Corp's Dividend Analysis

January 27, 2024 | finance.yahoo.com

SouthState Corporation (NASDAQ:SSB) Q4 2023 Earnings Call Transcript

January 26, 2024 | markets.businessinsider.com

Piper Sandler Reaffirms Their Buy Rating on SouthState Corporation (SSB)

January 26, 2024 | msn.com

SouthState Corporation Announces Quarterly Cash Dividend

January 26, 2024 | seekingalpha.com

SouthState Corporation 2023 Q4 - Results - Earnings Call Presentation

January 25, 2024 | finance.yahoo.com

SouthState (SSB) Q4 Earnings and Revenues Top Estimates

January 25, 2024 | msn.com

South State declares $0.52 dividend

January 25, 2024 | finance.yahoo.com

SouthState Corp (SSB) Reports Growth in Loans and Deposits Amid Economic Headwinds

January 25, 2024 | finance.yahoo.com

SouthState Corporation Reports Fourth Quarter 2023 Results, Declares Quarterly Cash Dividend

January 24, 2024 | benzinga.com

A Preview Of SouthState's Earnings

January 23, 2024 | finance.yahoo.com

SouthState (SSB) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

January 8, 2024 | bizjournals.com

Florida-based SouthState Bank doubles mortgage team in Charlotte as it plans for new office

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 2/16 Dividend: 2/08/2024
Dividend Payable: 2/16/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: $87.80
High Stock Price Target: $102.00
Low Stock Price Target: $78.00
Potential Upside/Downside: +15.5%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.46
Trailing P/E Ratio: 11.76
Forward P/E Ratio: 11.46
P/E Growth: N/A
Net Income: $494.31 million
Net Margins: 22.15%
Pretax Margin: 28.27%
Return on Equity: 9.85%
Return on Assets: 1.17%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 0.89
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $2.23 billion
Price / Sales: 2.60
Cash Flow: $7.89 per share
Price / Cash Flow: 9.63
Book Value: $72.78 per share
Price / Book: 1.04

Miscellaneous

Outstanding Shares: 76,250,000
Free Float: 75,292,000
Market Cap: $5.79 billion
Optionable: Optionable
Beta: 0.74

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Key Executives

Mr. John C. Corbett (Age 55)
CEO & Director
Comp: $2.42M
Mr. Richard Murray IV (Age 61)
President & Chief Banking Officer
Comp: $994.79k
Mr. William E. Matthews V (Age 59)
Senior Executive VP & CFO
Comp: $1.04M
Ms. Renee R. Brooks (Age 54)
Chief Operating Officer
Comp: $962.75k
Mr. Stephen Dean Young (Age 47)
Senior Executive VP & Chief Strategy Officer
Comp: $1.36M
Ms. Sara G. Arana (Age 40)
Senior VP & Chief Accounting Officer
Ms. Beth S. DeSimone (Age 64)
Chief Risk Officer, General Counsel & Corporate Secretary
Mr. John C. Pollok (Age 58)
Senior Executive Vice President
Mr. Jonathan S. Kivett (Age 50)
Chief Credit Officer of Central & Northern Banking Group
Ms. V. Nicole Comer
Senior VP & Deputy General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SSB Stock Analysis - Frequently Asked Questions

Should I buy or sell SouthState stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SouthState in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SSB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SSB, but not buy additional shares or sell existing shares.
View SSB analyst ratings or view top-rated stocks.
What is SouthState's stock price target for 2024?: 5 Wall Street research analysts have issued 12 month target prices for SouthState's shares. Their SSB share price targets range from $78.00 to $102.00. On average, they predict the company's share price to reach $87.80 in the next year. This suggests a possible upside of 14.6% from the stock's current price.
View analysts price targets for SSB or view top-rated stocks among Wall Street analysts.
How have SSB shares performed in 2024?: SouthState's stock was trading at $84.45 on January 1st, 2024. Since then, SSB stock has decreased by 9.3% and is now trading at $76.61.
View the best growth stocks for 2024 here.
When is SouthState's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SSB earnings forecast.
How can I listen to SouthState's earnings call?: SouthState will be holding an earnings conference call on Friday, April 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were SouthState's earnings last quarter?: SouthState Co. (NASDAQ:SSB) announced its quarterly earnings results on Thursday, January, 25th. The bank reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.13. The bank had revenue of $419.72 million for the quarter, compared to analysts' expectations of $419.08 million. SouthState had a net margin of 22.15% and a trailing twelve-month return on equity of 9.85%.

How often does SouthState pay dividends? What is the dividend yield for SouthState?: SouthState announced a quarterly dividend on Wednesday, January 24th. Shareholders of record on Friday, February 9th will be paid a dividend of $0.52 per share on Friday, February 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for SSB.
Is SouthState a good dividend stock?: SouthState (NASDAQ:SSB) pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.72%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSB will have a dividend payout ratio of 29.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSB.
What ETFs hold SouthState's stock?: ETFs with the largest weight of SouthState (NASDAQ:SSB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), Nuveen Small Cap Select ETF (NSCS), iShares U.S. Regional Banks ETF (IAT), SPDR S&P Bank ETF (KBE), JPMorgan Active Small Cap Value ETF (JPSV), Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust Nasdaq Bank ETF (FTXO).
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).
Who are SouthState's major shareholders?: SouthState's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.47%), Tributary Capital Management LLC (0.36%), Fifth Third Wealth Advisors LLC (0.04%) and Red Spruce Capital LLC (0.04%). Insiders that own company stock include Daniel E Bockhorst, Douglas Lloyd Williams, Ernest S Pinner, G Ruffner Page Jr, Greg A Lapointe, John C Corbett, John C Pollok, Renee R Brooks, Richard Iv Murray, Robert R Hill Jr, Robert R Horger, Ronald M Cofield and William E V Matthews.
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.

This page (NASDAQ:SSB) was last updated on 4/18/2024 by MarketBeat.com Staff

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SouthState (SSB) Stock Price, News & Analysis

SouthState MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About SouthState Stock (NASDAQ:SSB)

SSB Stock Price History

SSB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SSB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™