SouthState Corporation (NYSE: SSB) is -7.07% lower on its value in year-to-date trading and has touched a low of $70.68 and a high of $114.26 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 $92.81 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $92.45, the stock is -2.16% and -6.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.93 million and changing -0.39% at the moment leaves the stock -3.28% off its SMA200. SSB registered 16.20% gain for a year compared to 6-month gain of -6.71%. The firm has a 50-day simple moving average (SMA 50) of $99.145 and a 200-day simple moving average (SMA200) of $95.58925.
The stock witnessed a -8.79% loss in the last 1 month and extending the period to 3 months gives it a -13.17%, and is 0.93% 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 2.41% over the week and 2.64% over the month.
SouthState Corporation (SSB) has around 4986 employees, a market worth around $9.37B and $2.44B in sales. Current P/E ratio is 13.27 and Fwd P/E is 10.01. Profit margin for the company is 21.91%. Distance from 52-week low is 30.80% and -19.09% from its 52-week high. The company has generated returns on investments over the last 12 months (8.40%).
with sales reaching $611.41M over the same period.The EPS is expected to shrink by -5.26% this year, but quarterly earnings will post 49.05% year-over-year. Quarterly sales are estimated to grow 47.15% in year-over-year returns.
SouthState Corporation (SSB) Top Institutional Holders
546.0 institutions hold shares in SouthState Corporation (SSB), with institutional investors hold 71.11% of the company’s shares. The shares outstanding are 101.36M, and float is at 100.03M with Short Float at 3.62%. Institutions hold 70.25% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.54 million shares valued at $729.34 million. The investor’s holdings represent 12.5082% of the SSB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.39 million shares valued at $640.79 million to account for 10.9896 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.64 million shares representing 4.7733% and valued at over $278.15 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 4.6304 of the shares totaling 3.53 million with a market value of $269.82 million.
SouthState Corporation (SSB) Insider Activity
The most recent transaction is an insider purchase by Froetscher Janet P, the company’s Director. SEC filings show that Froetscher Janet P bought 2,717 shares of the company’s common stock on Mar 10 ’25 at a price of $92.02 per share for a total of $0.25 million. Following the purchase, the insider now owns 4689.0 shares.
SouthState Corporation disclosed in a document filed with the SEC on Mar 06 ’25 that SMITH G STACY (Director) bought a total of 3,100 shares of the company’s common stock. The trade occurred on Mar 06 ’25 and was made at $93.60 per share for $0.29 million. Following the transaction, the insider now directly holds 36779.0 shares of the SSB stock.
Still, SEC filings show that on Mar 06 ’25, Hobbs Michael B (Officer) Proposed Sale 7,399 shares at an average price of $92.69 for $0.69 million. The insider now directly holds shares of SouthState Corporation (SSB).
