SouthState Bank Corporation (NYSE:SSB) Declares Quarterly Dividend of $0.60

SouthState Bank Corporation (NYSE:SSB) announced a quarterly dividend on Wednesday, January 21st. Investors of record on Friday, February 6th will be given a dividend of 0.60 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, February 6th.

SouthState Bank has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 13 consecutive years.

SouthState Bank Stock Up 3.0%

NYSE SSB traded up $3.05 during mid-day trading on Friday, hitting $103.61. The stock had a trading volume of 550,547 shares, compared to its average volume of 621,594. The stock has a 50 day moving average price of $94.05. The firm has a market cap of $10.41 billion, a P/E ratio of 14.27 and a beta of 0.74. SouthState Bank has a 52-week low of $77.74 and a 52-week high of $109.64. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

SouthState Bank (NYSE:SSB) last posted its earnings results on Thursday, January 22nd. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.17. SouthState Bank had a return on equity of 10.70% and a net margin of 20.25%.The company had revenue of $686.87 million for the quarter, compared to the consensus estimate of $667.88 million. During the same period in the previous year, the business earned $1.93 earnings per share.

About SouthState Bank

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.