SouthState Bank (NYSE:SSB) Price Target Cut to $123.00 by Analysts at Barclays

SouthState Bank (NYSE:SSB) had its price target trimmed by Barclays from $126.00 to $123.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also recently commented on SSB. Citigroup upped their price target on SouthState Bank from $116.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, January 26th. TD Cowen upped their price target on SouthState Bank from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, January 26th. DA Davidson upped their price target on SouthState Bank from $119.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Stephens upped their price target on SouthState Bank from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Finally, Raymond James Financial upped their price target on SouthState Bank from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 7th. One investment 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 stock. According to data from MarketBeat.com, SouthState Bank has a consensus rating of “Buy” and a consensus target price of $118.36.

SouthState Bank Stock Performance

Shares of SSB stock opened at $97.83 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $9.59 billion, a PE ratio of 10.55 and a beta of 0.75. The stock has a 50-day moving average of $96.00 and a 200-day moving average of $95.35. SouthState Bank has a one year low of $84.47 and a one year high of $108.46.

SouthState Bank (NYSE:SSB) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.07. The company had revenue of $661.70 million during 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 prior year, the business posted $0.87 EPS. As a group, sell-side analysts expect that SouthState Bank will post 9.54 earnings per share for the current year.

SouthState Bank Announces Dividend

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

Hedge Funds Weigh In On SouthState Bank

Several institutional investors and hedge funds have recently modified their holdings of SSB. Jane Street Group LLC grew its position in shares of SouthState Bank by 4.6% in the 1st quarter. Jane Street Group LLC now owns 82,984 shares of the company’s stock valued at $7,703,000 after purchasing an additional 3,678 shares during the period. M&T Bank Corp acquired a new position in shares of SouthState Bank in the 2nd quarter valued at approximately $245,000. Arrowstreet Capital Limited Partnership grew its position in shares of SouthState Bank by 1,801.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 63,291 shares of the company’s stock valued at $5,825,000 after purchasing an additional 59,962 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of SouthState Bank by 31.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock valued at $176,000 after purchasing an additional 452 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of SouthState Bank in the 2nd quarter valued at approximately $919,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Key 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.