What is DA Davidson’s Estimate for SouthState Q2 Earnings?

SouthState Co. (NASDAQ:SSB) – Stock analysts at DA Davidson dropped their Q2 2025 earnings per share (EPS) estimates for SouthState in a research note issued on Tuesday, June 17th. DA Davidson analyst G. Tenner now anticipates that the bank will earn $2.06 per share for the quarter, down from their previous forecast of $2.09. DA Davidson has a “Buy” rating and a $115.00 price target on the stock. The consensus estimate for SouthState’s current full-year earnings is $8.12 per share.

A number of other equities research analysts have also recently commented on SSB. Raymond James Financial set a $110.00 target price on SouthState in a research report on Monday, April 28th. Barclays reduced their price target on shares of SouthState from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on shares of SouthState from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 6th. Stephens reiterated an “overweight” rating and issued a $119.00 target price on shares of SouthState in a report on Monday, April 28th. Finally, Jefferies Financial Group began coverage on shares of SouthState in a report on Wednesday, May 21st. They issued a “buy” rating and a $110.00 target price for the company. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $116.27.

SouthState Price Performance

NASDAQ SSB opened at $85.14 on Wednesday. The stock’s fifty day moving average price is $87.80 and its 200 day moving average price is $95.10. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 12.23 and a beta of 0.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. SouthState has a 1 year low of $72.10 and a 1 year high of $114.27.

Institutional Investors Weigh In On SouthState

A number of institutional investors and hedge funds have recently made changes to their positions in SSB. Van ECK Associates Corp raised its holdings in shares of SouthState by 34.1% in the fourth quarter. Van ECK Associates Corp now owns 58,540 shares of the bank’s stock valued at $5,824,000 after buying an additional 14,894 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of SouthState by 1.6% in the fourth quarter. Rhumbline Advisers now owns 258,068 shares of the bank’s stock valued at $25,673,000 after buying an additional 3,954 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of SouthState by 38.8% in the fourth quarter. Sanctuary Advisors LLC now owns 3,782 shares of the bank’s stock valued at $401,000 after buying an additional 1,057 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of SouthState by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 2,324 shares of the bank’s stock valued at $231,000 after buying an additional 126 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of SouthState by 13.8% in the fourth quarter. Handelsbanken Fonder AB now owns 18,958 shares of the bank’s stock valued at $1,886,000 after buying an additional 2,300 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

SouthState Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.54%. SouthState’s payout ratio is 34.12%.

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.