SouthState Corporation [SSB] stock is trading at $111.25, up 0.21%. 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 6.13% over the last week, with a monthly amount glided 13.25%, 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 November 13, 2024, when Hovde Group downgraded its rating to a Market Perform. Previously, Citigroup started tracking the stock with Neutral rating on October 10, 2024, and set its price target to $102. On July 29, 2024, Hovde Group reiterated its Outperform rating and revised its price target to $112 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $90 on May 21, 2024. Raymond James downgraded its rating to Mkt Perform for this stock on January 05, 2024. In a note dated December 19, 2023, Stephens initiated an Equal-Weight rating and provided a target price of $78 on this stock.
SouthState Corporation [SSB] stock has fluctuated between $70.68 and $114.26 over the past year. Currently, Wall Street analysts expect the stock to reach $101.6 within the next 12 months. SouthState Corporation [NYSE: SSB] shares were valued at $111.25 at the most recent close of the market. An investor can expect a potential drop of -8.67% based on the average SSB price forecast.
Analyzing the SSB fundamentals
SouthState Corporation [NYSE:SSB] reported sales of 2.39B for the trailing twelve months, which represents a growth of 7.85%. Gross Profit Margin for this corporation currently stands at 1.12% with Operating Profit Margin at 0.26%, 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. 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 110.53 points at the first support level, and at 109.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.60, and for the 2nd resistance point, it is at 113.96.
Ratios To Look Out For
For context, SouthState Corporation’s Current Ratio 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 17.15.
Transactions by insiders
Recent insider trading involved DAVIS JEAN E, Director, that happened on Nov 12 ’24 when 2000.0 shares were sold. Chief Credit Officer, BOCKHORST DANIEL E completed a deal on Nov 11 ’24 to sell 3000.0 shares. Meanwhile, Director DAVIS JEAN E bought 2000.0 shares on Nov 12 ’24.
