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

SouthState Bank (NYSE:SSB) had its price objective boosted by Barclays from $122.00 to $126.00 in a report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on SSB. Stephens upped their target price on SouthState Bank from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group dropped 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. TD Cowen decreased their target price on SouthState Bank from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of SouthState Bank in a research note on Monday, December 29th. Finally, Raymond James Financial increased their target price on shares of SouthState Bank from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.21.

SouthState Bank Stock Up 0.2%

Shares of SouthState Bank stock opened at $100.37 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.93 and a quick ratio of 0.92. SouthState Bank has a 12-month low of $77.74 and a 12-month high of $109.64. The firm has a market capitalization of $10.09 billion, a P/E ratio of 12.77 and a beta of 0.74. The business’s 50-day moving average price is $94.58.

SouthState Bank (NYSE:SSB) last issued its quarterly 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 company had revenue of $686.87 million during the quarter, compared to the consensus estimate 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 posted $1.93 EPS.

SouthState Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, February 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. SouthState Bank’s dividend payout ratio (DPR) is presently 30.53%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in SouthState Bank during the third quarter worth $33,000. Steward Partners Investment Advisory LLC bought a new stake in SouthState Bank in the second quarter valued at $34,000. Global Retirement Partners LLC raised its holdings in shares of SouthState Bank by 106.8% during the third quarter. Global Retirement Partners LLC now owns 364 shares of the company’s stock valued at $36,000 after purchasing an additional 188 shares during the period. True Wealth Design LLC raised its holdings in shares of SouthState Bank by 37,700.0% during the third quarter. True Wealth Design LLC now owns 378 shares of the company’s stock valued at $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 2nd 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 owned by institutional investors.

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.