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 95 and 79 calculating the mean target price we have $88.38. Now with the previous closing price of $69.42 this would imply there is now a potential upside of 27.3%. Also worth taking note is the 50 day moving average now sits at $76.99 and the 200 day moving average is $80.43. The market cap for the company is $5,277m. Visit the company website at: https://www.southstatebank.com
The potential market cap would be $6,719m 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 2.87% with the ex dividend date set at 9-2-2023 (DMY).
Other points of data to note are a P/E ratio of 10.54, revenue per share of 20.97 and a 1.16% return on assets.
