Q1 Earnings Forecast for SouthState Issued By DA Davidson

SouthState Co. (NASDAQ:SSB) – Research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for SouthState in a report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner anticipates that the bank will post earnings of $1.11 per share for the quarter. The consensus estimate for SouthState’s current full-year earnings is $6.99 per share.

A number of other brokerages have also recently weighed in on SSB. Piper Sandler boosted their price target on SouthState from $110.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. UBS Group started coverage on SouthState in a research report on Tuesday, December 17th. They set a “buy” rating and a $132.00 target price for the company. Hovde Group lowered shares of SouthState from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $120.00 price objective (up from $115.00) on shares of SouthState in a report on Thursday, November 7th. Finally, Citigroup upgraded shares of SouthState from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $106.00 to $128.00 in a report on Monday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.44.

SouthState Stock Up 1.9 %

SSB stock opened at $108.26 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. The firm has a market cap of $8.26 billion, a PE ratio of 16.71 and a beta of 0.70. SouthState has a 1 year low of $70.68 and a 1 year high of $114.26. The company has a fifty day simple moving average of $103.39 and a 200 day simple moving average of $98.85.

SouthState Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.16 annualized dividend and a yield of 2.00%. SouthState’s dividend payout ratio (DPR) is 33.33%.

Institutional Trading of SouthState

Several institutional investors have recently modified their holdings of SSB. Empowered Funds LLC bought a new position in SouthState in the fourth quarter worth $3,769,000. Caprock Group LLC boosted its position in shares of SouthState by 5.8% during the 4th quarter. Caprock Group LLC now owns 2,567 shares of the bank’s stock valued at $255,000 after acquiring an additional 140 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in SouthState in the fourth quarter valued at about $233,000. Pacer Advisors Inc. raised its position in SouthState by 1.9% in the fourth quarter. Pacer Advisors Inc. now owns 11,371 shares of the bank’s stock worth $1,131,000 after purchasing an additional 207 shares in the last quarter. Finally, KBC Group NV lifted its stake in SouthState by 35.3% during the fourth quarter. KBC Group NV now owns 3,106 shares of the bank’s stock worth $309,000 after purchasing an additional 810 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

SouthState Company Profile

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, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services.