SouthState Corporation (NYSE: SSB) is -2.25% lower on its value in year-to-date trading and has touched a low of $63.36 and a high of $87.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SSB stock was last observed hovering at around $78.17 in the last trading session, with the day’s gains setting it 4.38%.
Currently trading at $82.55, the stock is 11.01% and 7.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 5.60% at the moment leaves the stock 6.56% off its SMA200. SSB registered 18.62% gain for a year compared to 6-month loss of 0.04%.
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The stock witnessed a 13.38% gain in the last 1 month and extending the period to 3 months gives it a 4.88%, and is 8.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.92% over the week and 2.23% over the month.
SouthState Corporation (SSB) has around 5070 employees, a market worth around $6.29B and $2.30B in sales. Current P/E ratio is 13.46 and Fwd P/E is 11.86. Profit margin for the company is 20.41%. Distance from 52-week low is 30.29% and -5.95% from its 52-week high. The company has generated returns on investments over the last 12 months (7.78%).
The EPS is expected to shrink by -4.37% this year
The shares outstanding are 76.02M, and float is at 75.37M with Short Float at 4.64%.
SouthState Corporation (SSB) Insider Activity
The most recent transaction is an insider sale by MURRAY RICHARD IV, the company’s President. SEC filings show that MURRAY RICHARD IV sold 4,900 shares of the company’s common stock on Mar 20 ’24 at a price of $81.85 per share for a total of $0.4 million. Following the sale, the insider now owns 58968.0 shares.
SouthState Corporation disclosed in a document filed with the SEC on Mar 20 ’24 that BOCKHORST DANIEL E (Chief Credit Officer) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $81.00 per share for $0.24 million. Following the transaction, the insider now directly holds 35828.0 shares of the SSB stock.
Still, SEC filings show that on Mar 05 ’24, Lapointe Greg A (Chief Banking Officer) disposed off 3,000 shares at an average price of $82.70 for $0.25 million. The insider now directly holds 25,487 shares of SouthState Corporation (SSB).
