A share price of SouthState Corporation [SSB] is currently trading at $106.21, up 2.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The SSB shares have gain 6.51% over the last week, with a monthly amount glided 5.55%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
SouthState Corporation [NYSE: SSB] stock has seen the most recent analyst activity on January 27, 2025, when Citigroup upgraded its rating to a Buy and also boosted its price target to $128 from $106. On December 09, 2024, upgrade upgraded it’s rating to Overweight. Hovde Group downgraded its rating to a Market Perform. Citigroup initiated its recommendation with a Neutral and recommended $102 as its price target on October 10, 2024. Hovde Group reiterated a Outperform rating for this stock on July 29, 2024, and upped its price target to $112. In a note dated May 21, 2024, Raymond James upgraded an Outperform rating on this stock but restated the target price of $90.
SouthState Corporation experienced fluctuations in its stock price throughout the past year between $70.68 and $114.26. Currently, Wall Street analysts expect the stock to reach $104 within the next 12 months. SouthState Corporation [NYSE: SSB] shares were valued at $106.21 at the most recent close of the market. An investor can expect a potential drop of -2.08% based on the average SSB price forecast.
Analyzing the SSB fundamentals
Trailing Twelve Months sales for SouthState Corporation [NYSE:SSB] were 2.44B which represents 7.98% growth. 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. 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 104.66 points at the first support level, and at 103.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 107.02, and for the 2nd resistance point, it is at 107.84.
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 4.40, the price to book ratio is 1.38 and price to earnings (TTM) ratio is 15.25.
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.
