SouthState Co. (NASDAQ:SSB – Free Report) – Equities researchers at DA Davidson issued their Q3 2025 EPS estimates for shares of SouthState in a note issued to investors on Monday, July 28th. DA Davidson analyst G. Tenner forecasts that the bank will post earnings of $2.25 per share for the quarter. DA Davidson currently has a “Buy” rating and a $117.00 price target on the stock. The consensus estimate for SouthState’s current full-year earnings is $8.12 per share. DA Davidson also issued estimates for SouthState’s FY2025 earnings at $8.35 EPS and FY2026 earnings at $9.37 EPS.
A number of other brokerages also recently issued reports on SSB. Jefferies Financial Group started coverage on shares of SouthState in a research report on Wednesday, May 21st. They issued a “buy” rating and a $110.00 price target on the stock. Raymond James Financial set a $110.00 price target on shares of SouthState in a research report on Monday, April 28th. Barclays boosted their price target on shares of SouthState from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial began coverage on shares of SouthState in a research report on Tuesday, May 13th. They issued a “buy” rating and a $106.00 price target on the stock. Finally, Keefe, Bruyette & Woods dropped their target price on shares of SouthState from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $115.27.
SouthState Stock Down 0.8%
NASDAQ:SSB opened at $97.70 on Tuesday. The firm’s 50 day simple moving average is $91.87 and its 200 day simple moving average is $93.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. SouthState has a one year low of $77.74 and a one year high of $114.26. The company has a market cap of $9.92 billion, a PE ratio of 14.04 and a beta of 0.77.
SouthState (NASDAQ:SSB – Get Free Report) last posted its earnings results on Thursday, July 24th. The bank reported $2.30 EPS for the quarter, topping the consensus estimate of $1.98 by $0.32. SouthState had a net margin of 22.38% and a return on equity of 9.62%. The business had revenue of $840.50 million for the quarter, compared to the consensus estimate of $645.12 million. During the same period last year, the company earned $1.74 EPS.
SouthState Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 8th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.40 annualized dividend and a yield of 2.46%. This is a boost from SouthState’s previous quarterly dividend of $0.54. SouthState’s payout ratio is 35.77%.
Institutional Trading of SouthState
Several large investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc boosted its holdings in shares of SouthState by 8.8% during the 2nd quarter. TD Asset Management Inc now owns 50,008 shares of the bank’s stock valued at $4,602,000 after buying an additional 4,062 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of SouthState by 30.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 5,432 shares of the bank’s stock valued at $500,000 after buying an additional 1,252 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of SouthState by 25.7% during the 2nd quarter. Vest Financial LLC now owns 43,313 shares of the bank’s stock valued at $3,986,000 after buying an additional 8,850 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of SouthState by 2.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,121,392 shares of the bank’s stock valued at $106,824,000 after buying an additional 28,216 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of SouthState by 2.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,836 shares of the bank’s stock valued at $905,000 after buying an additional 214 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.
About SouthState
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.
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