Jupiter Topco LLC Makes New $4.45 Million Investment in SouthState Bank Corporation $SSB

Posted by Brenda Bartman on Sep 1st, 2026

Jupiter Topco LLC purchased a new stake in SouthState Bank Corporation (NYSE:SSB – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 44,574 shares of the company’s stock, valued at approximately $4,454,000.

Other large investors have also modified their holdings of the company. Jane Street Group LLC raised its position in shares of SouthState Bank by 4.6% during the 1st quarter. Jane Street Group LLC now owns 82,984 shares of the company’s stock worth $7,703,000 after purchasing an additional 3,678 shares during the last quarter. M&T Bank Corp purchased a new position in SouthState Bank during the second quarter worth $245,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of SouthState Bank by 1,801.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 63,291 shares of the company’s stock worth $5,825,000 after acquiring an additional 59,962 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of SouthState Bank by 31.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock worth $176,000 after acquiring an additional 452 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of SouthState Bank in the second quarter valued at $919,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on SSB. DA Davidson reiterated a “buy” rating and set a $125.00 price objective on shares of SouthState Bank in a research report on Wednesday, June 10th. Truist Financial upped their target price on shares of SouthState Bank from $108.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Piper Sandler lifted their price target on shares of SouthState Bank from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Wall Street Zen lowered shares of SouthState Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings raised shares of SouthState Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $119.64.

Read Our Latest Stock Analysis on SouthState Bank

SouthState Bank Stock Down 1.0%

Shares of NYSE:SSB opened at $104.87 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.06. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 11.03 and a beta of 0.71. The stock’s 50-day moving average price is $104.46 and its two-hundred day moving average price is $99.02. SouthState Bank Corporation has a 12-month low of $84.47 and a 12-month high of $112.20.

SouthState Bank (NYSE:SSB – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $2.35 EPS for the quarter, beating 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 company had revenue of $672.67 million during the quarter, compared to the consensus estimate of $676.83 million. During the same quarter in the prior year, the company posted $2.30 EPS. On average, research analysts forecast that SouthState Bank Corporation will post 9.51 EPS for the current 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 annualized dividend and a dividend yield of 2.5%. This is a boost from SouthState Bank’s previous quarterly dividend of $0.60. SouthState Bank’s dividend payout ratio is presently 27.76%.

Insiders Place Their Bets

In related news, Director David R. Brooks sold 24,650 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $110.00, for a total value of $2,711,500.00. Following the transaction, the director directly owned 7,900 shares of the company’s stock, valued at approximately $869,000. This trade represents a 75.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William E. V. Matthews sold 4,000 shares of SouthState Bank stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $108.93, for a total value of $435,720.00. Following the completion of the transaction, the chief financial officer owned 40,568 shares in the company, valued at $4,419,072.24. The trade was a 8.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 34,831 shares of company stock valued at $3,814,274. Insiders own 1.70% of the company’s stock.

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.