SouthState Bank (NYSE:SSB) Price Target Raised to $118.00

Posted by Francis Steltz on Jul 31st, 2026

SouthState Bank (NYSE:SSB – Free Report) had its price target increased by Truist Financial from $108.00 to $118.00 in a report released on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

SSB has been the subject of several other research reports. Wall Street Zen downgraded shares of SouthState Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Piper Sandler boosted their target price on shares of SouthState Bank from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday. Hovde Group increased their target price on shares of SouthState Bank from $110.00 to $112.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. UBS Group downgraded shares of SouthState Bank from a “buy” rating to a “neutral” rating and set a $108.00 price target for the company. in a research note on Tuesday, July 7th. Finally, Barclays dropped their price objective on shares of SouthState Bank from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.64.

Read Our Latest Stock Analysis on SouthState Bank

SouthState Bank Stock Down 0.3%

Shares of SouthState Bank stock opened at $105.37 on Tuesday. The stock’s 50-day moving average is $98.97 and its 200 day moving average is $98.00. SouthState Bank has a one year low of $84.47 and a one year high of $108.46. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 11.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.93 and a quick ratio of 0.93.

SouthState Bank (NYSE:SSB – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. SouthState Bank had a return on equity of 10.67% and a net margin of 25.09%.The business had revenue of $672.67 million during the quarter, compared to the consensus estimate of $676.83 million. During the same period in the previous year, the company posted $2.30 earnings per share. Equities research analysts anticipate that SouthState Bank will post 9.49 EPS for the current year.

SouthState Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.66 per share. This is a boost from SouthState Bank’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, August 7th. This represents a $2.64 dividend on an annualized basis and a yield of 2.5%. SouthState Bank’s dividend payout ratio (DPR) is presently 25.24%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Nicholas Hoffman & Company LLC. boosted its holdings in shares of SouthState Bank by 0.7% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 16,527 shares of the company’s stock worth $1,555,000 after purchasing an additional 111 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of SouthState Bank by 0.6% during the 1st quarter. Cetera Investment Advisers now owns 18,959 shares of the company’s stock valued at $1,754,000 after buying an additional 116 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of SouthState Bank by 0.7% during the 1st quarter. HB Wealth Management LLC now owns 18,045 shares of the company’s stock valued at $1,670,000 after buying an additional 129 shares in the last quarter. MML Investors Services LLC lifted its position in SouthState Bank by 5.9% in the 4th quarter. MML Investors Services LLC now owns 2,360 shares of the company’s stock worth $222,000 after buying an additional 131 shares during the last quarter. Finally, FourThought Financial Partners LLC lifted its position in SouthState Bank by 5.8% in the 4th quarter. FourThought Financial Partners LLC now owns 2,544 shares of the company’s stock worth $239,000 after buying an additional 139 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

SouthState Bank Company Profile

(Get 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.