SouthState Bank Corporation $SSB Shares Purchased by Citizens Financial Group Inc. RI

Posted by Brenda Bartman on Oct 29th, 2026

Citizens Financial Group Inc. RI boosted its holdings in shares of SouthState Bank Corporation (NYSE:SSB – Free Report) by 248.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,273 shares of the company’s stock after purchasing an additional 7,327 shares during the period. Citizens Financial Group Inc. RI’s holdings in SouthState Bank were worth $1,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSB. BlackRock Inc. acquired a new stake in SouthState Bank during the second quarter valued at approximately $981,557,000. Dimensional Fund Advisors LP raised its holdings in shares of SouthState Bank by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,934,851 shares of the company’s stock worth $456,554,000 after buying an additional 205,355 shares in the last quarter. State Street Corp raised its holdings in shares of SouthState Bank by 3.3% in the 2nd quarter. State Street Corp now owns 3,858,127 shares of the company’s stock worth $385,427,000 after buying an additional 123,549 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of SouthState Bank by 15.4% in the 2nd quarter. Wellington Management Group LLP now owns 1,520,652 shares of the company’s stock worth $151,913,000 after buying an additional 202,931 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of SouthState Bank by 26.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,442,939 shares of the company’s stock worth $133,501,000 after buying an additional 298,821 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Insiders Place Their Bets

In related news, CFO William E. V. Matthews sold 4,000 shares of the firm’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 of the company’s stock, valued at $4,419,072.24. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $2,711,500.00. Following the completion of the transaction, the director owned 7,900 shares of the company’s stock, valued at approximately $869,000. The trade was a 75.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,831 shares of company stock valued at $3,814,274 over the last ninety days. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group lowered SouthState Bank from a “buy” rating to a “neutral” rating and set a $108.00 price target on the stock. in a research note on Tuesday, July 7th. Stephens increased their price objective on SouthState Bank from $116.00 to $119.00 and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler increased their price objective on SouthState Bank from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of SouthState Bank in a report on Monday, October 12th. Finally, Truist Financial boosted their target price on shares of SouthState Bank from $113.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $119.00.

Read Our Latest Analysis on SouthState Bank

SouthState Bank Price Performance

Shares of SouthState Bank stock opened at $104.81 on Thursday. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 11.16 and a beta of 0.72. The firm’s 50-day moving average price is $103.67 and its two-hundred day moving average price is $100.16. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. SouthState Bank Corporation has a 1-year low of $84.47 and a 1-year high of $112.20.

SouthState Bank (NYSE:SSB – Get Free Report) last posted its earnings results on Wednesday, October 21st. The company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.10). SouthState Bank had a net margin of 24.63% and a return on equity of 10.23%. The firm had revenue of $685.43 million during the quarter, compared to the consensus estimate of $691.13 million. During the same quarter last year, the firm posted $2.58 EPS. On average, equities analysts predict that SouthState Bank Corporation will post 9.42 earnings per share for the current fiscal year.

SouthState Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 6th will be given a dividend of $0.66 per share. The ex-dividend date is Friday, November 6th. This represents a $2.64 dividend on an annualized basis and a yield of 2.5%. SouthState Bank’s dividend payout ratio is 28.12%.

SouthState Bank Company Profile

(Free Report)

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

SouthState also offers business banking and treasury-management services, commercial real estate lending, equipment financing, wealth management and investment services.