SouthState Corporation (NYSE: SSB) is 23.57% higher on its value in year-to-date trading and has touched a low of $72.74 and a high of $114.26 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SSB stock was last observed hovering at around $88.83 in the last trading session, with the day’s gains setting it 713.98%.
Currently trading at $802.81K, the stock is 4.29% and 4.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 975806% at the moment leaves the stock -4.80% off its SMA200. SSB registered -7.62% loss for a year compared to 6-month loss of -8.29%. The firm has a 50-day simple moving average (SMA 50) of $88.2792 and a 200-day simple moving average (SMA200) of $96.5289.
The stock witnessed a 2.43% gain in the last 1 month and extending the period to 3 months gives it a -2.18%, and is 6.81% 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 2.40% over the week and 2.10% over the month.
SouthState Corporation (SSB) has around 4986 employees, a market worth around $9.33B and $2.52B in sales. Current P/E ratio is 14.49 and Fwd P/E is 9.96. Profit margin for the company is 20.23%. Distance from 52-week low is 26.34% and -19.57% from its 52-week high. The company has generated returns on investments over the last 12 months (5.18%).
The EPS is expected to shrink by -0.59% this year
592.0 institutions hold shares in SouthState Corporation (SSB), with institutional investors hold 90.31% of the company’s shares. The shares outstanding are 101.48M, and float is at 100.16M with Short Float at 5.04%. Institutions hold 89.24% 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 12.5163 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 10.9967 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.
