SouthState Corporation – Consensus ‘buy’ rating and 28.8% Upside Potential

Broker Ratings
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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 target price High/Low ranges between 95 and 74 suggesting an average Analsyt target price of $84.25. Now with the previous closing price of $65.41 and the analysts are correct then there would likely be a percentage uptick in value of 28.8%. There is a 50 day moving average of $68.13 and the 200 day MA is $78.35. The market cap for the company is 5.00B. The stock price is currently at: 65.91 USD

The potential market cap would be $6,445,400,113 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 9.36, revenue per share of 21.5 and a 1.18% return on assets.

SouthState Corporation is a financial holding company. The Company offers a range of banking services and products to its customers through its wholly owned bank subsidiary, South State Bank, National Association (the Bank). The Bank provides consumer, commercial, mortgage and wealth management solutions. The Bank’s loan portfolio includes commercial real estate loans, residential real estate loans, commercial and industrial loans, and consumer loans. It also offers its customers a variety of deposit products and services, including checking accounts, savings accounts, other deposit accounts and treasury and merchant services, through multiple channels, including its network of approximately 251 full-service branches and online, mobile and telephone banking platforms. Through Corporate Billing, LLC, the Bank provides factoring, invoicing, collection, and accounts receivable management services to transportation companies and automotive parts and service providers.

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