At the time of writing, SouthState Corporation [SSB] stock is trading at $78.96, down -1.47%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SSB shares have gain 3.19% over the last week, with a monthly amount drifted -2.45%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James downgraded its rating to Mkt Perform on January 05, 2024. On December 19, 2023, Stephens initiated with a Equal-Weight rating and assigned a price target of $78 on the stock. Truist downgraded its rating to a Hold and decreased its price target to $73 on September 27, 2023. UBS initiated its recommendation with a Neutral and recommended $79 as its price target on March 15, 2023. Piper Sandler upgraded its rating to Overweight for this stock on September 28, 2022, and upped its price target to $96. In a note dated June 03, 2022, Keefe Bruyette upgraded an Outperform rating on this stock and boosted its target price from $94 to $100.
For the past year, the stock price of SouthState Corporation fluctuated between $59.51 and $87.77. Currently, Wall Street analysts expect the stock to reach $93 within the next 12 months. SouthState Corporation [NYSE: SSB] shares were valued at $78.96 at the most recent close of the market. An investor can expect a potential return of 17.78% based on the average SSB price forecast.
Analyzing the SSB fundamentals
According to SouthState Corporation [NYSE:SSB], the company’s sales were 2.23B for trailing twelve months, which represents an 18.48% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 78.03 points at the first support level, and at 77.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.82, and for the 2nd resistance point, it is at 80.67.
Ratios To Look Out For
It is important to note that SouthState Corporation [NYSE:SSB] has a current ratio of 0.04. Considering the valuation of this stock, the price to sales ratio is 2.69, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 12.22.
Transactions by insiders
Recent insider trading involved MURRAY RICHARD IV, President, that happened on Mar 20 ’24 when 4900.0 shares were sold. Chief Credit Officer, BOCKHORST DANIEL E completed a deal on Mar 20 ’24 to sell 3000.0 shares. Meanwhile, Chief Banking Officer Lapointe Greg A sold 3000.0 shares on Mar 05 ’24.
