SouthState Corporation [SSB] stock prices are up 5.60% to $82.55 at the moment. 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 8.59% over the last week, with a monthly amount glided 13.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SouthState Corporation [NYSE: SSB] stock has seen the most recent analyst activity on May 21, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $90 for it. On January 05, 2024, downgrade downgraded it’s rating to Mkt Perform. Stephens started tracking the stock assigning a Equal-Weight rating and suggested a price target of $78 on December 19, 2023. Truist downgraded its rating to a Hold and reduced its price target to $73 on September 27, 2023. UBS started tracking with a Neutral rating for this stock on March 15, 2023, and assigned it a price target of $79. In a note dated September 28, 2022, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $92 to $96.
The stock price of SouthState Corporation [SSB] has been fluctuating between $63.36 and $87.77 over the past year. Currently, Wall Street analysts expect the stock to reach $92.67 within the next 12 months. SouthState Corporation [NYSE: SSB] shares were valued at $82.55 at the most recent close of the market. An investor can expect a potential return of 12.26% based on the average SSB price forecast.
Analyzing the SSB fundamentals
The SouthState Corporation [NYSE:SSB] reported sales of 2.30B for trailing twelve months, representing a surge of 12.52%. Gross Profit Margin for this corporation currently stands at 1.06% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 79.74 points at the first support level, and at 76.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.13, and for the 2nd resistance point, it is at 85.70.
Ratios To Look Out For
It’s worth pointing out that SouthState Corporation [NYSE:SSB]’s Current Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 2.73, the price to book ratio is 1.13 and price to earnings (TTM) ratio is 13.46.
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.