At the time of writing, SouthState Corporation [SSB] stock is trading at $93.83, down -0.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The SSB shares have gain 1.10% over the last week, with a monthly amount drifted -5.82%, and not 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.
For the past year, the stock price of SouthState Corporation fluctuated 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 $93.83 at the most recent close of the market. An investor can expect a potential return of 10.84% based on the average SSB price forecast.
Analyzing the SSB fundamentals
According to SouthState Corporation [NYSE:SSB], the company’s sales were 2.44B for trailing twelve months, which represents an 7.88% jump. Gross Profit Margin for this corporation currently stands at 1.12% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.3%. 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 0.06.
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 92.60 points at the first support level, and at 91.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.87, and for the 2nd resistance point, it is at 95.91.
Ratios To Look Out For
It is important to note that SouthState Corporation [NYSE:SSB] has a current ratio of 0.05. Considering the valuation of this stock, the price to sales ratio is 3.90, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 13.47.
Transactions by insiders
Recent insider trading involved Froetscher Janet P, Director, that happened on Mar 10 ’25 when 2717.0 shares were purchased. Director, SMITH G STACY completed a deal on Mar 06 ’25 to buy 3100.0 shares. Meanwhile, Officer Hobbs Michael B bought 7399.0 shares on Mar 06 ’25.
