A share price of SouthState Corporation [SSB] is currently trading at $111.42, up 14.01%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SSB shares have gain 11.64% over the last week, with a monthly amount glided 17.22%, 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.
SouthState Corporation experienced fluctuations in its stock price throughout the past year between $67.72 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 $111.42 at the most recent close of the market. An investor can expect a potential drop of -8.81% based on the average SSB price forecast.
Analyzing the SSB fundamentals
Trailing Twelve Months sales for SouthState Corporation [NYSE:SSB] were 2.39B which represents 7.85% growth. Gross Profit Margin for this corporation currently stands at 1.12% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.28%. 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.
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 107.40 points at the first support level, and at 103.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.71, and for the 2nd resistance point, it is at 116.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for SouthState Corporation [NYSE:SSB] is 0.06. Considering the valuation of this stock, the price to sales ratio is 3.55, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 17.18.
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.
