At the time of writing, SouthState Corporation [SSB] stock is trading at $99.80, up 1.60%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SSB shares have gain 3.27% over the last week, with a monthly amount glided 6.11%, 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 October 10, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $102. Previously, Hovde Group reaffirmed its Outperform rating on July 29, 2024, and elevated its price target to $112. On May 21, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $90 on the stock. Raymond James downgraded its rating to a Mkt Perform. Stephens started tracking with a Equal-Weight rating for this stock on December 19, 2023, and assigned it a price target of $78. In a note dated September 27, 2023, Truist downgraded an Hold rating on this stock and revised its target price from $86 to $73.
For the past year, the stock price of SouthState Corporation fluctuated between $65.18 and $103.82. Currently, Wall Street analysts expect the stock to reach $101.6 within the next 12 months. SouthState Corporation [NYSE: SSB] shares were valued at $99.80 at the most recent close of the market. An investor can expect a potential return of 1.8% based on the average SSB price forecast.
Analyzing the SSB fundamentals
According to SouthState Corporation [NYSE:SSB], the company’s sales were 2.39B for trailing twelve months, which represents an 7.68% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 97.65 points at the first support level, and at 95.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.73, and for the 2nd resistance point, it is at 103.65.
Ratios To Look Out For
It is important to note that SouthState Corporation [NYSE:SSB] has a current ratio of 0.06. Considering the valuation of this stock, the price to sales ratio is 3.18, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 15.40.
Transactions by insiders
Recent insider trading involved MATTHEWS WILLIAM E V, Chief Financial Officer, that happened on Sep 20 ’24 when 5000.0 shares were sold. Officer, MATTHEWS WILLIAM E V completed a deal on Sep 20 ’24 to buy 5000.0 shares. Meanwhile, Officer DANIEL BOCKHORST bought 2500.0 shares on Sep 18 ’24.
