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

SouthState Bank (NYSE:SSB) had its target price lifted by Stephens from $110.00 to $120.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also recently weighed in on SSB. JPMorgan Chase & Co. assumed coverage on shares of SouthState Bank in a research note on Friday, December 12th. They set an “overweight” rating and a $115.00 price objective on the stock. Barclays reduced their target price on SouthState Bank from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SouthState Bank in a report on Monday, December 29th. UBS Group cut their price objective on SouthState Bank from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Citigroup decreased their target price on SouthState Bank from $117.00 to $116.00 and set a “buy” rating on the stock in a report on Monday, October 27th. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.21.

SouthState Bank Stock Performance

Shares of NYSE SSB opened at $100.37 on Monday. 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 quick ratio of 0.92 and a current ratio of 0.93. The firm’s fifty day moving average is $94.58. The company has a market capitalization of $10.09 billion, a PE 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 the consensus estimate of $2.30 by $0.17. The business had revenue of $686.87 million for the quarter, compared to analyst estimates 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 prior year, the firm earned $1.93 EPS.

SouthState Bank Announces Dividend

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

Hedge Funds Weigh In On SouthState Bank

Several institutional investors have recently modified their holdings of the stock. Mather Group LLC. acquired a new stake in shares of SouthState Bank in the 3rd quarter valued at approximately $33,000. Steward Partners Investment Advisory LLC bought a new stake in SouthState Bank in the second quarter valued at approximately $34,000. Global Retirement Partners LLC raised its holdings in SouthState Bank by 106.8% in the third quarter. Global Retirement Partners LLC now owns 364 shares of the company’s stock worth $36,000 after purchasing an additional 188 shares during the period. True Wealth Design LLC raised its holdings in SouthState Bank by 37,700.0% in the third quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after purchasing an additional 377 shares during the period. Finally, TFC Financial Management Inc. boosted its position in shares of SouthState Bank by 49,800.0% during the second quarter. TFC Financial Management Inc. now owns 499 shares of the company’s stock worth $46,000 after purchasing an additional 498 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

SouthState Bank News Summary

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.