SouthState (SSB) Stock Price, News & Analysis

5 Wall Street research 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 research 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.
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5 analysts have issued 1 year price targets for SouthState's shares. Their SSB share price targets range from $78.00 to $102.00. On average, they expect the company's share price to reach $87.80 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
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SouthState's stock was trading at $84.45 on January 1st, 2024. Since then, SSB stock has decreased by 7.5% and is now trading at $78.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
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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.

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

SouthState declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Friday, February 9th will be given a dividend of $0.52 per share on Friday, February 16th. This represents a $2.08 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for SSB.

SouthState (NASDAQ:SSB) pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.73%. 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 28.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSB.

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), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), iShares U.S. Regional Banks ETF (IAT), SPDR S&P Bank ETF (KBE), JPMorgan Active Small Cap Value ETF (JPSV) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

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).

SouthState's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.47%), Tributary Capital Management LLC (0.36%), Fifth Third Wealth Advisors LLC (0.04%), Red Spruce Capital LLC (0.04%) and State of Michigan Retirement System (0.02%). 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.
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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.
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