SouthState Corporation [SSB] stock prices are up 1.18% to $100.90 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 drifted -5.23%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Stephens upgraded its rating to Overweight on December 09, 2024. On November 13, 2024, downgrade downgraded it’s rating to Market Perform. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $102 on October 10, 2024. Hovde Group reiterated its recommendation of a Outperform and raised its price target to $112 on July 29, 2024. Raymond James upgraded its rating to Outperform for this stock on May 21, 2024, but kept the price target unchanged to $90.
The stock price of SouthState Corporation [SSB] has been fluctuating between $70.68 and $114.26 over the past year. Currently, Wall Street analysts expect the stock to reach $106.67 within the next 12 months. SouthState Corporation [NYSE: SSB] shares were valued at $100.90 at the most recent close of the market. An investor can expect a potential return of 5.72% based on the average SSB price forecast.
Analyzing the SSB fundamentals
The SouthState Corporation [NYSE:SSB] reported sales of 2.39B for trailing twelve months, representing a surge 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 99.80 points at the first support level, and at 98.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 102.14, and for the 2nd resistance point, it is at 103.37.
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 4.26, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 15.56.
Transactions by insiders
Recent insider trading involved BROOKS RENEE R, Chief Operating Officer, that happened on Dec 02 ’24 when 6904.0 shares were sold. Officer, BROOKS RENEE R completed a deal on Dec 02 ’24 to buy 6904.0 shares. Meanwhile, Director DAVIS JEAN E sold 2000.0 shares on Nov 12 ’24.
