SouthState Bank (NYSE:SSB) Given New $120.00 Price Target at Citigroup

SouthState Bank (NYSE:SSB) had its price target lifted by Citigroup from $116.00 to $120.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on SSB. Raymond James Financial raised their price objective 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. TD Cowen lowered their price target on shares of SouthState Bank from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Barclays boosted their price objective on shares of SouthState Bank from $122.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group decreased their target price on shares of SouthState Bank from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Piper Sandler lowered their target price on shares of SouthState Bank from $121.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.21.

SouthState Bank Price Performance

Shares of SSB opened at $100.37 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.08. SouthState Bank has a one year low of $77.74 and a one year high of $109.64. The business has a 50-day moving average of $94.58. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 12.77 and a beta of 0.74.

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

SouthState Bank Dividend Announcement

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

Institutional Trading of SouthState Bank

A number of large investors have recently made changes to their positions in SSB. Fort Washington Investment Advisors Inc. OH raised its stake in SouthState Bank by 52.6% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 250,083 shares of the company’s stock valued at $24,723,000 after buying an additional 86,234 shares during the last quarter. CWM LLC grew its holdings in shares of SouthState Bank by 689.1% in the third quarter. CWM LLC now owns 91,288 shares of the company’s stock worth $9,026,000 after acquiring an additional 79,719 shares during the period. HBK Sorce Advisory LLC increased its position in SouthState Bank by 100.1% during the third quarter. HBK Sorce Advisory LLC now owns 32,944 shares of the company’s stock valued at $3,192,000 after acquiring an additional 16,482 shares during the last quarter. Signaturefd LLC lifted its holdings in SouthState Bank by 101.0% in the third quarter. Signaturefd LLC now owns 25,068 shares of the company’s stock valued at $2,478,000 after acquiring an additional 12,597 shares during the period. Finally, Merit Financial Group LLC bought a new position in SouthState Bank in the third quarter valued at about $1,190,000. 89.76% of the stock is currently owned by 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.

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.