SouthState Bank (NYSE:SSB) Stock Rating Upgraded by TD Cowen

SouthState Bank (NYSE:SSB) was upgraded by TD Cowen to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities analysts have also commented on the company. Zacks Research lowered SouthState Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Wall Street Zen upgraded SouthState Bank from a “sell” rating to a “hold” rating in a report on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

SouthState Bank Stock Down 0.2%

NYSE SSB opened at $100.01 on Thursday. SouthState Bank has a 52 week low of $77.74 and a 52 week high of $114.26. The stock has a market capitalization of $10.12 billion, a P/E ratio of 14.90 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. The firm’s 50-day simple moving average is $98.64.

SouthState Bank (NYSE:SSB) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.30. SouthState Bank had a net margin of 19.27% and a return on equity of 10.23%. The business had revenue of $664.77 million for the quarter, compared to analysts’ expectations of $639.47 million.

SouthState Bank Company Profile

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 accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits.