SouthState Bank (NYSE:SSB) Given New $114.00 Price Target at TD Cowen

SouthState Bank (NYSE:SSB) had its price objective cut by TD Cowen from $117.00 to $114.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Hovde Group raised their price target on SouthState Bank from $110.00 to $112.00 and gave the company an “outperform” rating in a report on Monday. Raymond James Financial increased their target price on SouthState Bank from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. cut their target price on shares of SouthState Bank from $120.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Jefferies Financial Group boosted their price target on shares of SouthState Bank from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Citigroup upped their price target on shares of SouthState Bank from $116.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SouthState Bank has an average rating of “Buy” and an average target price of $118.36.

SouthState Bank Stock Up 3.1%

SSB opened at $97.83 on Monday. The company has a market capitalization of $9.59 billion, a PE ratio of 10.55 and a beta of 0.75. The firm has a 50-day simple moving average of $96.00 and a two-hundred day simple moving average of $95.35. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.08. SouthState Bank has a 52 week low of $84.47 and a 52 week high of $108.46.

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

SouthState Bank Announces Dividend

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

Hedge Funds Weigh In On SouthState Bank

Several large investors have recently modified their holdings of SSB. Blue Trust Inc. boosted its position in SouthState Bank by 11.2% during the 3rd quarter. Blue Trust Inc. now owns 1,102 shares of the company’s stock valued at $109,000 after acquiring an additional 111 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of SouthState Bank by 0.7% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 16,527 shares of the company’s stock valued at $1,555,000 after acquiring an additional 111 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of SouthState Bank by 4.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,480 shares of the company’s stock worth $245,000 after acquiring an additional 115 shares in the last quarter. HB Wealth Management LLC raised its position in shares of SouthState Bank by 0.7% in the 1st quarter. HB Wealth Management LLC now owns 18,045 shares of the company’s stock worth $1,670,000 after acquiring an additional 129 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of SouthState Bank by 5.9% during the 4th quarter. MML Investors Services LLC now owns 2,360 shares of the company’s stock worth $222,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

SouthState Bank News Roundup

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

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.