Hovde Group Issues Positive Forecast for SouthState Bank (NYSE:SSB) Stock Price

SouthState Bank (NYSE:SSB) had its price objective raised by Hovde Group from $110.00 to $112.00 in a research note published on Monday, MarketBeat Ratings reports. Hovde Group currently has an outperform rating on the stock.

Several other brokerages have also weighed in on SSB. Barclays upped their target price on SouthState Bank from $122.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Stephens upped their target price on SouthState Bank from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. TD Cowen upped their target price on SouthState Bank from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Truist Financial cut their price target on shares of SouthState Bank from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of SouthState Bank from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $118.36.

SouthState Bank Stock Performance

Shares of NYSE SSB opened at $97.83 on Monday. The business’s 50-day moving average price is $96.00 and its two-hundred day moving average price is $95.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.92 and a quick ratio of 0.92. SouthState Bank has a one year low of $84.47 and a one year high of $108.46. The company has a market capitalization of $9.59 billion, a P/E ratio of 10.55 and a beta of 0.75.

SouthState Bank (NYSE:SSB) last issued its earnings results on Thursday, April 23rd. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.07. SouthState Bank had a return on equity of 10.81% and a net margin of 24.75%.The company had revenue of $661.70 million for the quarter, compared to analyst estimates of $669.29 million. During the same period in the prior year, the firm posted $0.87 EPS. Analysts anticipate that SouthState Bank will post 9.54 earnings per share for the current fiscal year.

SouthState Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 8th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, May 8th. SouthState Bank’s dividend payout ratio (DPR) is currently 25.89%.

Institutional Trading of SouthState Bank

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. acquired a new stake in SouthState Bank in the 3rd quarter worth $33,000. Global Retirement Partners LLC boosted its position in shares of SouthState Bank by 106.8% during the 3rd quarter. Global Retirement Partners LLC now owns 364 shares of the company’s stock valued at $36,000 after acquiring an additional 188 shares in the last quarter. True Wealth Design LLC boosted its position in shares of SouthState Bank by 37,700.0% during the 3rd quarter. True Wealth Design LLC now owns 378 shares of the company’s stock valued at $37,000 after acquiring an additional 377 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of SouthState Bank by 100.0% during the 1st quarter. Root Financial Partners LLC now owns 420 shares of the company’s stock valued at $39,000 after acquiring an additional 210 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of SouthState Bank by 385.1% during the 3rd quarter. Covestor Ltd now owns 490 shares of the company’s stock valued at $49,000 after acquiring an additional 389 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

More SouthState Bank News

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

• Positive Sentiment: SouthState reported a strong Q1 2026: EPS beat ($2.28 vs $2.21), healthy ROE and margins — this directly supports the stock’s move higher by validating earnings quality and profitability. Article Title
• Positive Sentiment: Barclays lowered its price target to $123 from $126 but kept an “overweight” rating — the $123 PT implies ~25.7% upside from current levels, signaling continued analyst confidence. Article Title
• Positive Sentiment: Hovde Group raised its target to $112 (from $110) and maintains an “outperform” rating — a modest lift that reinforces upside expectations. (No link provided)
• Neutral Sentiment: TD Cowen trimmed its target to $114 from $117 but left a “buy” rating; the $114 PT still implies ~16.5% upside, so the action is more of a modest recalibration than a negative shift. Article Title
• Negative Sentiment: Truist lowered its target to $108 from $110 (still a “buy”) — a small downgrade to the target that slightly trims implied upside to ~10.4%. This is a mild headwind relative to other analyst notes. Article Title

About SouthState Bank

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.