SouthState Bank Corporation $SSB Stake Boosted by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of SouthState Bank Corporation (NYSE:SSB) by 10.8% during the first quarter, Holdings Channel reports. The firm owned 1,149,303 shares of the company’s stock after acquiring an additional 111,772 shares during the quarter. First Trust Advisors LP’s holdings in SouthState Bank were worth $106,334,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Jane Street Group LLC lifted its holdings in shares of SouthState Bank by 4.6% in the 1st quarter. Jane Street Group LLC now owns 82,984 shares of the company’s stock worth $7,703,000 after purchasing an additional 3,678 shares during the last quarter. M&T Bank Corp acquired a new position in shares of SouthState Bank during the second quarter valued at $245,000. Arrowstreet Capital Limited Partnership grew its position in shares of SouthState Bank by 1,801.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 63,291 shares of the company’s stock worth $5,825,000 after acquiring an additional 59,962 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of SouthState Bank by 31.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock worth $176,000 after acquiring an additional 452 shares during the period. Finally, Jump Financial LLC bought a new stake in SouthState Bank in the 2nd quarter valued at about $919,000. 89.76% of the stock is owned by institutional investors and hedge funds.

SouthState Bank Price Performance

Shares of NYSE:SSB opened at $106.00 on Friday. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 11.15 and a beta of 0.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.92. SouthState Bank Corporation has a 12 month low of $84.47 and a 12 month high of $108.46. The stock’s 50 day moving average price is $97.97 and its 200 day moving average price is $97.76.

SouthState Bank (NYSE:SSB) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. SouthState Bank had a return on equity of 10.70% and a net margin of 25.09%.The company had revenue of $672.67 million for the quarter, compared to analysts’ expectations of $676.83 million. During the same period last year, the firm earned $2.30 EPS. Equities research analysts anticipate that SouthState Bank Corporation will post 9.51 earnings per share for the current fiscal year.

SouthState Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 7th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change from SouthState Bank’s previous quarterly dividend of $0.60. SouthState Bank’s dividend payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SSB. Fundamental Research set a $120.00 price target on shares of SouthState Bank in a research note on Wednesday, July 1st. TD Cowen decreased their price objective on SouthState Bank from $117.00 to $114.00 and set a “buy” rating for the company in a report on Monday, April 27th. Truist Financial lowered their target price on SouthState Bank from $110.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Hovde Group lifted their target price 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, Wall Street Zen cut SouthState Bank from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.50.

SouthState Bank News Roundup

Here are the key news stories impacting SouthState Bank this week:

• Positive Sentiment: SouthState reported Q2 EPS of $2.35, ahead of the $2.31 consensus, signaling stronger-than-expected bottom-line performance. SouthState Bank Corporation Reports Second Quarter 2026 Results, Declares an Increase in the Quarterly Cash Dividend
• Positive Sentiment: The company raised its quarterly dividend to $0.66 per share from $0.60, a 10% increase, which can signal confidence in capital strength and future cash generation. SouthState Bank Corporation Reports Second Quarter 2026 Results, Declares an Increase in the Quarterly Cash Dividend
• Positive Sentiment: Management said it expects net interest margin of about 3.75% to 3.80% through 2027 and is targeting mid- to high single-digit loan growth, which suggests stable earnings power and continued balance-sheet expansion. SouthState signals stable 3.75%-3.80% NIM through 2027 while targeting mid- to high single-digit loan growth
• Neutral Sentiment: Revenue came in slightly below expectations at about $672.7 million versus $676.8 million estimated, with weaker net interest income offset by growth in non-interest income, loans, and deposits. SouthState Q2 Earnings Beat Estimates, Revenues Miss on Lower NII
• Neutral Sentiment: The Q2 earnings call transcript and related market coverage indicate investors are weighing the strong earnings beat against the revenue miss and NII pressure, keeping the overall reaction mixed but constructive. SouthState Bank Corporation (SSB) Q2 2026 Earnings Call Transcript

Insider Activity

In other news, Director David R. Brooks sold 14,300 shares of SouthState Bank stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $98.39, for a total value of $1,406,977.00. Following the transaction, the director owned 12,700 shares of the company’s stock, valued at $1,249,553. The trade was a 52.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.70% of the stock is owned by corporate insiders.

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.