TD Cowen Issues Positive Forecast for SouthState Bank (NYSE:SSB) Stock Price

SouthState Bank (NYSE:SSB) had its price objective raised by TD Cowen from $115.00 to $120.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. DA Davidson upped their price objective on shares of SouthState Bank from $112.00 to $119.00 and gave the company a “buy” rating in a report on Monday. Barclays boosted their target price on SouthState Bank from $122.00 to $126.00 and gave the company an “overweight” rating in a research report on Monday. Raymond James Financial increased their price target on SouthState Bank from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. initiated coverage on SouthState Bank in a research note on Friday, December 12th. They issued an “overweight” rating and a $115.00 price objective for the company. Finally, UBS Group lowered their target price on SouthState Bank from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.21.

SouthState Bank Stock Performance

SouthState Bank stock opened at $100.37 on Monday. The company has a market cap of $10.09 billion, a PE ratio of 12.77 and a beta of 0.74. SouthState Bank has a 52-week low of $77.74 and a 52-week high of $109.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.93 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $94.58.

SouthState Bank (NYSE:SSB) last released its earnings results on Thursday, January 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.17. The company had revenue of $686.87 million for the quarter, compared to the consensus estimate of $667.88 million. SouthState Bank had a net margin of 21.26% and a return on equity of 10.86%. During the same quarter in the previous year, the company earned $1.93 EPS.

SouthState Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, February 6th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, February 6th. SouthState Bank’s dividend payout ratio is presently 30.53%.

Hedge Funds Weigh In On SouthState Bank

A number of hedge funds have recently bought and sold shares of SSB. Blue Trust Inc. raised its holdings in shares of SouthState Bank by 12.4% in the second quarter. Blue Trust Inc. now owns 991 shares of the company’s stock valued at $91,000 after purchasing an additional 109 shares during the last quarter. Sheets Smith Wealth Management increased its stake in SouthState Bank by 1.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 6,456 shares of the company’s stock valued at $638,000 after buying an additional 111 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of SouthState Bank by 4.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,480 shares of the company’s stock worth $245,000 after buying an additional 115 shares in the last quarter. Nicholson Wealth Management Group LLC lifted its position in shares of SouthState Bank by 1.8% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 7,201 shares of the company’s stock worth $663,000 after buying an additional 125 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of SouthState Bank by 14.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,090 shares of the company’s stock worth $100,000 after buying an additional 134 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about SouthState Bank

Here are the key news stories impacting SouthState Bank this week:

• Positive Sentiment: Company update: Management says integration is complete and organic growth is accelerating in new markets, supporting forward revenue and deposit momentum. Read More.
• Positive Sentiment: Analyst price-target lifts (broad): Multiple firms raised targets and maintained buy/overweight stances — notable moves include TD Cowen (to $120), Citi (to $120), DA Davidson (to $119) and Stephens (to $120) — implying roughly 18–20% upside vs. the current stock level and signaling stronger analyst conviction. Read More.
• Positive Sentiment: Analyst price-target lift (Barclays): Barclays raised its target to $126 and kept an overweight rating, representing about ~25% upside and adding to the bullish consensus. Read More.
• Positive Sentiment: Trading action: Stock saw unusually high trading volume around the recent earnings beat, which typically reflects stronger buyer interest and can amplify upward price moves following positive results. Read More.

SouthState Bank Company Profile

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.