SouthState Corporation [SSB] stock prices are up 1.05% to $98.72 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 6.41% over the last week, with a monthly amount glided 7.80%, 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 July 29, 2024, when Hovde Group reiterated its Outperform rating and also boosted its price target to $112 from $97. Previously, Raymond James upgraded its rating to Outperform on May 21, 2024, and kept the price target unchanged to $90. Raymond James downgraded its rating to a Mkt Perform. Stephens initiated its recommendation with a Equal-Weight and recommended $78 as its price target on December 19, 2023. Truist downgraded its rating to Hold for this stock on September 27, 2023, and downed its price target to $73. In a note dated March 15, 2023, UBS initiated an Neutral rating and provided a target price of $79 on this stock.
The stock price of SouthState Corporation [SSB] has been fluctuating between $63.36 and $101.32 over the past year. Currently, Wall Street analysts expect the stock to reach $102 within the next 12 months. SouthState Corporation [NYSE: SSB] shares were valued at $98.72 at the most recent close of the market. An investor can expect a potential return of 3.32% based on the average SSB price forecast.
Analyzing the SSB fundamentals
The SouthState Corporation [NYSE:SSB] reported sales of 2.35B for trailing twelve months, representing a surge of 8.94%. Gross Profit Margin for this corporation currently stands at 1.13% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.38%, 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 of0.12.
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 97.52 points at the first support level, and at 96.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.43, and for the 2nd resistance point, it is at 102.13.
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 3.20, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 15.81.
Transactions by insiders
Recent insider trading involved RENEE R BROOKS, Officer, that happened on Aug 28 ’24 when 3403.0 shares were purchased. President, MURRAY RICHARD IV completed a deal on Mar 20 ’24 to sell 4900.0 shares. Meanwhile, Chief Credit Officer BOCKHORST DANIEL E sold 3000.0 shares on Mar 20 ’24.
