First National Bank of Omaha Has $8.03 Million Stock Holdings in SouthState Bank Corporation $SSB

First National Bank of Omaha boosted its stake in shares of SouthState Bank Corporation (NYSE:SSB) by 232.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,777 shares of the company’s stock after purchasing an additional 59,277 shares during the period. First National Bank of Omaha owned 0.08% of SouthState Bank worth $8,025,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in SouthState Bank during the third quarter valued at approximately $51,000. State of Wyoming boosted its position in SouthState Bank by 356.0% during the third quarter. State of Wyoming now owns 570 shares of the company’s stock valued at $56,000 after purchasing an additional 445 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in SouthState Bank during the third quarter valued at approximately $57,000. Danske Bank A S acquired a new position in SouthState Bank during the third quarter valued at approximately $59,000. Finally, Harbour Investments Inc. bought a new stake in SouthState Bank in the fourth quarter valued at approximately $68,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SSB. JPMorgan Chase & Co. upped their price objective on SouthState Bank from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded SouthState Bank from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings lowered SouthState Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Hovde Group upped their price objective on SouthState Bank from $110.00 to $112.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Finally, DA Davidson restated a “buy” rating and issued a $125.00 price objective on shares of SouthState Bank in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $118.62.

SouthState Bank Price Performance

NYSE:SSB opened at $98.75 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $95.81 and its two-hundred day moving average price is $96.41. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 10.65 and a beta of 0.70. SouthState Bank Corporation has a 12-month low of $84.47 and a 12-month high of $108.46.

SouthState Bank (NYSE:SSB) last announced its earnings results on Thursday, April 23rd. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.07. The company had revenue of $661.70 million for the quarter, compared to analyst estimates of $669.29 million. SouthState Bank had a return on equity of 10.81% and a net margin of 24.75%.During the same quarter last year, the company earned $0.87 earnings per share. On average, analysts anticipate that SouthState Bank Corporation will post 9.49 earnings per share for the current year.

SouthState Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, May 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. SouthState Bank’s dividend payout ratio (DPR) is 25.89%.

Insider Buying and Selling at SouthState Bank

In other news, Director David R. Brooks sold 14,300 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $98.39, for a total transaction of $1,406,977.00. Following the transaction, the director owned 12,700 shares in the company, valued at approximately $1,249,553. This trade represents a 52.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

SouthState Bank Company Profile

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.