SouthState Bank (NYSE:SSB) Raised to “Hold” at Wall Street Zen

Posted by Geri Gentry on Oct 5th, 2026

SouthState Bank (NYSE:SSB – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the stock. Barclays lowered their price objective on shares of SouthState Bank from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. JPMorgan Chase & Co. lowered their price target on shares of SouthState Bank from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial increased their price target on SouthState Bank from $108.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Weiss Ratings raised SouthState Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 14th. Finally, Stephens restated an “overweight” rating and set a $116.00 price objective on shares of SouthState Bank in a research report on Monday, July 27th. One equities research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $119.08.

View Our Latest Stock Report on SouthState Bank

SouthState Bank Stock Performance

NYSE:SSB opened at $102.05 on Friday. The stock’s 50-day simple moving average is $105.93 and its 200 day simple moving average is $99.86. The firm has a market capitalization of $9.90 billion, a PE ratio of 10.73 and a beta of 0.78. 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 has a twelve month low of $84.47 and a twelve month high of $112.20.

SouthState Bank (NYSE:SSB – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. The firm had revenue of $672.67 million during the quarter, compared to the consensus estimate of $676.83 million. SouthState Bank had a return on equity of 10.67% and a net margin of 25.09%.During the same quarter in the previous year, the firm earned $2.30 earnings per share. On average, analysts anticipate that SouthState Bank will post 9.46 EPS for the current fiscal year.

Insider Buying and Selling at SouthState Bank

In other news, Director David 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 transaction of $2,711,500.00. Following the transaction, the director owned 7,900 shares in the company, valued at approximately $869,000. The trade was a 75.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William E. V. Matthews sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $108.93, for a total transaction of $435,720.00. Following the completion of the sale, the chief financial officer directly owned 40,568 shares in the company, valued at approximately $4,419,072.24. This represents a 8.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 34,831 shares of company stock valued at $3,814,274 in the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of SouthState Bank in the second quarter valued at about $981,557,000. Dimensional Fund Advisors LP lifted its stake in shares of SouthState Bank by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,934,851 shares of the company’s stock worth $456,554,000 after acquiring an additional 205,355 shares during the period. State Street Corp lifted its stake in shares of SouthState Bank by 3.3% in the second quarter. State Street Corp now owns 3,858,127 shares of the company’s stock worth $385,427,000 after acquiring an additional 123,549 shares during the period. Franklin Resources Inc. boosted its holdings in SouthState Bank by 1.0% in the fourth quarter. Franklin Resources Inc. now owns 1,623,728 shares of the company’s stock valued at $152,809,000 after acquiring an additional 15,787 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in SouthState Bank by 15.4% in the second quarter. Wellington Management Group LLP now owns 1,520,652 shares of the company’s stock valued at $151,913,000 after acquiring an additional 202,931 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

SouthState Bank Company Profile

(Get Free Report)

SouthState Bank is a regional banking institution and the principal banking subsidiary of SouthState Corporation (NYSE: SSB). The bank provides financial products and services to individuals, businesses, institutions and municipalities, including checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, and lines of credit.

Its business also includes commercial banking, treasury and cash-management services, equipment financing, small-business lending, and wealth-management and trust services.