SouthState Bank Corporation (NYSE:SSB) Receives $118.23 Average PT from Analysts

Posted by Brian Himes on May 19th, 2026

SouthState Bank Corporation (NYSE:SSB – Get Free Report) has been assigned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $118.2308.

A number of analysts have commented on the company. Wall Street Zen upgraded SouthState Bank from a “sell” rating to a “hold” rating in a research report on Sunday. DA Davidson raised their price objective on SouthState Bank from $119.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Jefferies Financial Group upped their target price on shares of SouthState Bank from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. lowered their target price on shares of SouthState Bank from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Finally, Truist Financial lowered their target price on shares of SouthState Bank from $110.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, April 27th.

Read Our Latest Report on SouthState Bank

SouthState Bank Price Performance

Shares of SSB stock opened at $92.93 on Tuesday. The stock has a 50 day moving average of $94.47 and a two-hundred day moving average of $95.54. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. SouthState Bank has a 12 month low of $84.47 and a 12 month high of $108.46. The company has a market capitalization of $9.08 billion, a P/E ratio of 10.02 and a beta of 0.72.

SouthState Bank (NYSE:SSB – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.07. SouthState Bank had a return on equity of 10.81% and a net margin of 24.75%.The company had revenue of $661.70 million during the quarter, compared to the consensus estimate of $669.29 million. During the same quarter last year, the company earned $0.87 EPS. As a group, equities analysts expect that SouthState Bank will post 9.46 EPS for the current year.

SouthState Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, May 8th. SouthState Bank’s dividend payout ratio (DPR) is 25.89%.

Insider Activity at SouthState Bank

In other SouthState Bank news, Director David R. Brooks sold 14,300 shares of SouthState Bank stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $98.39, for a total transaction of $1,406,977.00. Following the completion of the transaction, the director directly owned 12,700 shares of the company’s stock, valued at approximately $1,249,553. This trade represents a 52.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SSB. Jane Street Group LLC lifted its holdings in shares of SouthState Bank by 4.6% during the first quarter. Jane Street Group LLC now owns 82,984 shares of the company’s stock valued at $7,703,000 after acquiring an additional 3,678 shares during the period. M&T Bank Corp bought a new position in shares of SouthState Bank during the second quarter valued at $245,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of SouthState Bank by 1,801.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 63,291 shares of the company’s stock valued at $5,825,000 after acquiring an additional 59,962 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of SouthState Bank by 31.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock valued at $176,000 after acquiring an additional 452 shares during the period. Finally, Jump Financial LLC bought a new position in shares of SouthState Bank during the second quarter valued at $919,000. 89.76% of the stock is owned by institutional investors.

About SouthState Bank

(Get 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.