What is DA Davidson’s Estimate for SouthState Q2 Earnings?

SouthState Co. (NASDAQ:SSB) – Equities research analysts at DA Davidson reduced their Q2 2025 earnings estimates for SouthState in a research note issued to investors on Tuesday, June 17th. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $2.06 per share for the quarter, down from their prior forecast of $2.09. DA Davidson currently has a “Buy” rating and a $115.00 target price on the stock. The consensus estimate for SouthState’s current full-year earnings is $8.12 per share.

A number of other research analysts have also issued reports on the stock. Truist Financial assumed coverage on shares of SouthState in a research note on Tuesday, May 13th. They set a “buy” rating and a $106.00 price target on the stock. Stephens restated an “overweight” rating and set a $119.00 target price on shares of SouthState in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price on shares of SouthState from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 6th. Jefferies Financial Group assumed coverage on shares of SouthState in a research report on Wednesday, May 21st. They set a “buy” rating and a $110.00 target price on the stock. Finally, Barclays decreased their target price on SouthState from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $116.27.

SouthState Trading Down 1.2%

Shares of SouthState stock opened at $85.14 on Wednesday. SouthState has a 52-week low of $72.10 and a 52-week high of $114.27. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. The company’s 50-day simple moving average is $87.80 and its 200-day simple moving average is $95.10. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 12.23 and a beta of 0.77.

SouthState Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a $0.54 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.16 annualized dividend and a dividend yield of 2.54%. SouthState’s dividend payout ratio is presently 34.12%.

Institutional Trading of SouthState

A number of hedge funds have recently bought and sold shares of SSB. Rise Advisors LLC acquired a new stake in SouthState during the first quarter worth approximately $33,000. Summit Securities Group LLC acquired a new stake in SouthState during the fourth quarter worth approximately $38,000. Aquatic Capital Management LLC acquired a new stake in SouthState during the fourth quarter worth approximately $45,000. Flaharty Asset Management LLC acquired a new stake in SouthState during the first quarter worth approximately $45,000. Finally, Quadrant Capital Group LLC raised its stake in SouthState by 24.2% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the bank’s stock worth $51,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

About SouthState

SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services.