SouthState Co. (NASDAQ:SSB – Get Free Report) declared a dividend on Wednesday, July 24th, NASDAQ reports. Investors of record on Friday, August 9th will be paid a dividend of 0.54 per share by the bank on Friday, August 16th. The ex-dividend date is Friday, August 9th. This is an increase from SouthState’s previous dividend of $0.23.
SouthState has increased its dividend by an average of 2.8% annually over the last three years and has raised its dividend every year for the last 12 years.
SouthState Stock Up 6.1 %
SSB traded up $5.58 during midday trading on Thursday, reaching $97.29. The company’s stock had a trading volume of 1,306,984 shares, compared to its average volume of 478,526. SouthState has a 1 year low of $63.36 and a 1 year high of $97.83. The stock’s 50-day moving average is $78.14 and its 200-day moving average is $80.22. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 15.88 and a beta of 0.68. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.05.
Wall Street Analyst Weigh In
A number of analysts have weighed in on SSB shares. Raymond James upgraded shares of SouthState from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Tuesday, May 21st. Piper Sandler increased their target price on SouthState from $95.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Keefe, Bruyette & Woods boosted their price target on SouthState from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Truist Financial dropped their price objective on SouthState from $84.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Finally, Stephens reissued an “equal weight” rating and issued a $88.00 target price on shares of SouthState in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $92.00.
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.
Further Reading
- Five stocks we like better than SouthState
- Business Services Stocks Investing
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- The How and Why of Investing in Gold Stocks
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Earnings Per Share Calculator: How to Calculate EPS
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for SouthState Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SouthState and related companies with MarketBeat.com's FREE daily email newsletter.