1 week Ago By ABMN Staff
SouthState Co. ( NASDAQ:SSB – Free Report ) – Equities researchers at DA Davidson cut their FY2025 earnings per share (EPS) estimates for SouthState in a research note issued to investors on Thursday, December 19th. DA Davidson analyst G.
Tenner now forecasts that the bank will earn $7.59 per share for the year, down from their previous forecast of $7.77.
The consensus estimate for SouthState’s current full-year earnings is $6.94 per share. A number of other brokerages also recently issued reports on SSB.
Truist Financial dropped their price objective on SouthState from $111.00 to $103.00 and set a “hold” rating on the stock in a research note on Monday, October 28th.
Stephens raised shares of SouthState from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. UBS Group assumed coverage on shares of SouthState in a research report on Tuesday, December 17th. They set a “buy” rating and a $132.
00 target price on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $120.00 price target (up from $115.
00) on shares of SouthState in a report on Thursday, November 7th. Finally, Hovde Group lowered shares of SouthState from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.78.
SouthState Stock Performance Shares of SSB opened at $100.63 on Monday. The company has a current ratio of 0.
92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10.
The firm’s fifty day simple moving average is $104.82 and its two-hundred day simple moving average is $94.39.
SouthState has a 12 month low of $70.68 and a 12 month high of $114.26.
The stock has a market capitalization of $7.68 billion, a P/E ratio of 15.53 and a beta of 0.
69. SouthState ( NASDAQ:SSB – Get Free Report ) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.
90 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.26.
SouthState had a net margin of 21.24% and a return on equity of 9.41%.
The company had revenue of $426.41 million for the quarter, compared to analyst estimates of $429.47 million.
During the same period in the prior year, the firm posted $1.62 EPS. The company’s quarterly revenue was down .
4% on a year-over-year basis. SouthState Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a $0.
54 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.
16 annualized dividend and a yield of 2.15%. SouthState’s payout ratio is 33.
33%. Institutional Inflows and Outflows Large investors have recently modified their holdings of the stock. Stifel Financial Corp lifted its position in shares of SouthState by 10.
5% during the third quarter. Stifel Financial Corp now owns 63,573 shares of the bank’s stock valued at $6,178,000 after purchasing an additional 6,062 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of SouthState by 3.
7% during the 3rd quarter. Fisher Asset Management LLC now owns 711,853 shares of the bank’s stock worth $69,178,000 after buying an additional 25,495 shares in the last quarter. BIP Wealth LLC boosted its stake in shares of SouthState by 605.
2% in the 3rd quarter. BIP Wealth LLC now owns 31,422 shares of the bank’s stock worth $3,054,000 after buying an additional 26,966 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.
A. increased its position in shares of SouthState by 14.4% during the second quarter.
BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 123,482 shares of the bank’s stock valued at $9,437,000 after acquiring an additional 15,500 shares during the last quarter.
Finally, HighTower Advisors LLC increased its position in shares of SouthState by 7.6% during the third quarter. HighTower Advisors LLC now owns 11,153 shares of the bank’s stock valued at $1,083,000 after acquiring an additional 787 shares during the last quarter.
Institutional investors own 89.76% of the company’s stock. SouthState Company Profile ( Get Free Report ) SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies.
It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services. Featured Articles Receive News & Ratings for SouthState Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SouthState and related companies with MarketBeat.com's FREE daily email newsletter .
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