SouthState Corporation with ticker code (SSB) now have 8 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 100 and 79 suggesting an average Analsyt target price of $91.00. Given that the stocks previous close was at $72.97 this would indicate that there is a potential upside of 24.7%. There is a 50 day moving average of $77.92 and the 200 day moving average is $80.61. The total market capitalization for the company now stands at $5,538m. You can visit the company’s website by visiting: https://www.southstatebank.com
The potential market cap would be $6,907m based on the market consensus.
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. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment loans. In addition, it provides debit card, mobile and funds transfer products, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust and asset management services; and credit cards, letters of credit, and home equity lines of credit. SouthState Corporation also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.
The company has a dividend yield of 2.74% with the ex dividend date set at 9-2-2023 (DMY).
Other points of data to note are a P/E ratio of 11.06, revenue per share of 20.97 and a 1.16% return on assets.
