Are Smart Investors Making the Right Decision? SouthState Corporation (SSB)

With 0.75 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.49 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $105.065 whereas the lowest price it dropped to was $102.975. The 52-week range on SSB shows that it touched its highest point at $113.14 and its lowest point at $70.68 during that stretch. It currently has a 1-year price target of $111.00. With its current market cap of 8.00 billion, SSB has annualized dividend of $2.12 while the current yield stands at 2.02%. Beta for the stock currently stands at 0.66.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SSB was down-trending over the past week, with a drop of -1.90%, but this was up by 7.84% over a month. Three-month performance surged to 14.20% while six-month performance rose 33.96%. The stock gained 39.31% in the past year, while it has gained 24.12% so far this year. A look at the trailing 12-month EPS for SSB yields 6.49 with Next year EPS estimates of 6.04. For the next quarter, that number is 1.66. This implies an EPS growth rate of 4.14% for this year and -10.16% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.85%.

Float and Shares Shorts:

At present, 76.02 million SSB shares are outstanding with a float of 75.51 million shares on hand for trading. On 2024-10-31, short shares totaled 2.83 million, which was 371.00002 higher than short shares on 1727654400. In addition to Mr. John C. Corbett as the firm’s CEO & Director, Mr. Richard Murray IV serves as its President & Chief Banking Officer.

Institutional Ownership:

Through their ownership of 0.92412 of SSB’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SSB since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SSB analysts setting a high price target of 120.0 and a low target of 95.0, the average target price over the next 12 months is 111.0. Based on these targets, SSB could surge 14.48% to reach the target high and fall by -9.37% to reach the target low. Reaching the average price target will result in a growth of 5.9% from current levels.

Analysts have provided yearly estimates in a range of $7.05 being high and $6.73 being low. For SSB, this leads to a yearly average estimate of $6.92.