Cullen Capital Management LLC Invests $600,000 in SouthState Bank Corporation $SSB

Posted by Stanley Muller on Aug 26th, 2026

Cullen Capital Management LLC acquired a new stake in SouthState Bank Corporation (NYSE:SSB – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 6,007 shares of the company’s stock, valued at approximately $600,000.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of SouthState Bank during the second quarter worth about $28,000. Root Financial Partners LLC increased its position in SouthState Bank by 100.0% in the 1st quarter. Root Financial Partners LLC now owns 420 shares of the company’s stock valued at $39,000 after acquiring an additional 210 shares during the period. FNY Investment Advisers LLC purchased a new stake in SouthState Bank during the 2nd quarter valued at approximately $50,000. Measured Wealth Private Client Group LLC purchased a new stake in SouthState Bank during the 3rd quarter valued at approximately $51,000. Finally, GHP Investment Advisors Inc. acquired a new stake in SouthState Bank during the 1st quarter worth approximately $52,000. 89.76% of the stock is owned by institutional investors and hedge funds.

SouthState Bank Trading Down 0.7%

NYSE:SSB opened at $106.12 on Wednesday. The company has a market capitalization of $10.29 billion, a PE ratio of 11.16 and a beta of 0.71. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.06. SouthState Bank Corporation has a 52-week low of $84.47 and a 52-week high of $112.20. The stock has a fifty day simple moving average of $103.71 and a 200-day simple moving average of $99.05.

SouthState Bank (NYSE:SSB – Get Free Report) last issued its quarterly earnings data 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 net margin of 25.09% and a return on equity of 10.67%. The business had revenue of $672.67 million during the quarter, compared to analysts’ expectations of $676.83 million. During the same period last year, the company posted $2.30 EPS. On average, equities research analysts expect that SouthState Bank Corporation will post 9.51 earnings per share for the current fiscal year.

SouthState Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from SouthState Bank’s previous quarterly dividend of $0.60. SouthState Bank’s dividend payout ratio is currently 27.76%.

Insider Activity

In other SouthState Bank news, Director David R. Brooks sold 24,650 shares of SouthState Bank stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $110.00, for a total value of $2,711,500.00. Following the transaction, the director owned 7,900 shares in the company, valued at $869,000. This trade represents a 75.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William E. V. Matthews sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $108.93, for a total value of $435,720.00. Following the sale, the chief financial officer directly owned 40,568 shares of the company’s stock, valued at approximately $4,419,072.24. This trade represents a 8.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 34,831 shares of company stock worth $3,814,274. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SSB shares. JPMorgan Chase & Co. lifted their price objective on shares of SouthState Bank from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Fundamental Research set a $120.00 price objective on shares of SouthState Bank in a research report on Wednesday, July 1st. Citigroup raised their target price on shares of SouthState Bank from $115.00 to $126.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Piper Sandler lifted their target price on shares of SouthState Bank from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Finally, Stephens reiterated an “overweight” rating and set a $116.00 price target on shares of SouthState Bank in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, SouthState Bank presently has a consensus rating of “Buy” and an average target price of $119.64.

Get Our Latest Research Report on SSB

About SouthState Bank

(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.