Louisiana State Employees Retirement System Invests $2.65 Million in SouthState Bank Corporation $SSB

Posted by George Bondi on Jun 29th, 2026

Louisiana State Employees Retirement System bought a new stake in SouthState Bank Corporation (NYSE:SSB – Free Report) during the first quarter, Holdings Channel.com reports. The fund bought 28,700 shares of the company’s stock, valued at approximately $2,655,000.

Several other hedge funds have also bought and sold shares of SSB. Ritholtz Wealth Management purchased a new position in SouthState Bank in the 1st quarter worth approximately $342,000. Fifth Third Wealth Advisors LLC raised its position in shares of SouthState Bank by 1.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 38,072 shares of the company’s stock valued at $3,522,000 after buying an additional 365 shares in the last quarter. Flywheel Private Wealth LLC bought a new stake in shares of SouthState Bank during the 1st quarter worth $333,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of SouthState Bank during the 1st quarter worth $41,073,000. Finally, World Investment Advisors grew its position in SouthState Bank by 4.6% in the fourth quarter. World Investment Advisors now owns 13,107 shares of the company’s stock worth $1,233,000 after acquiring an additional 576 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

SouthState Bank Stock Down 0.1%

Shares of NYSE:SSB opened at $101.28 on Monday. The stock has a market capitalization of $9.89 billion, a P/E ratio of 10.93 and a beta of 0.70. The stock’s 50-day moving average price is $96.16 and its 200-day moving average price is $97.01. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. SouthState Bank Corporation has a 12-month low of $84.47 and a 12-month high of $108.46.

SouthState Bank (NYSE:SSB – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.07. SouthState Bank had a return on equity of 10.81% and a net margin of 24.75%.The firm had revenue of $661.70 million during the quarter, compared to analyst estimates of $669.28 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, equities analysts anticipate that SouthState Bank Corporation will post 9.5 earnings per share for the current year.

SouthState Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, May 8th. SouthState Bank’s payout ratio is currently 25.89%.

Insider Buying and Selling

In other SouthState Bank news, Director David R. Brooks sold 14,300 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $98.39, for a total transaction of $1,406,977.00. Following the completion of the transaction, the director owned 12,700 shares of the company’s stock, valued at $1,249,553. This represents a 52.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on SSB shares. JPMorgan Chase & Co. increased their target price on SouthState Bank from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. TD Cowen cut their price objective on SouthState Bank from $117.00 to $114.00 and set a “buy” rating for the company in a report on Monday, April 27th. Wall Street Zen upgraded SouthState Bank from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Citigroup decreased their price objective on SouthState Bank from $116.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Weiss Ratings downgraded SouthState Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $118.23.

Get Our Latest Report on SSB

SouthState Bank Company Profile

(Free Report)

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.