Royal Bank of Canada Sells 21,229 Shares of SouthState Bank Corporation $SSB

Posted by Geri Gentry on Aug 12th, 2026

Royal Bank of Canada trimmed its position in shares of SouthState Bank Corporation (NYSE:SSB – Free Report) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,218 shares of the company’s stock after selling 21,229 shares during the quarter. Royal Bank of Canada owned approximately 0.07% of SouthState Bank worth $6,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SSB. Nicholas Hoffman & Company LLC. raised its holdings in SouthState Bank by 0.7% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 16,527 shares of the company’s stock valued at $1,555,000 after buying an additional 111 shares during the last quarter. Cetera Investment Advisers grew its holdings in SouthState Bank by 0.6% during the 1st quarter. Cetera Investment Advisers now owns 18,959 shares of the company’s stock worth $1,754,000 after acquiring an additional 116 shares during the last quarter. HB Wealth Management LLC grew its holdings in SouthState Bank by 0.7% during the 1st quarter. HB Wealth Management LLC now owns 18,045 shares of the company’s stock worth $1,670,000 after acquiring an additional 129 shares during the last quarter. MML Investors Services LLC increased its position in SouthState Bank by 5.9% in the 4th quarter. MML Investors Services LLC now owns 2,360 shares of the company’s stock valued at $222,000 after acquiring an additional 131 shares during the period. Finally, FourThought Financial Partners LLC increased its position in SouthState Bank by 5.8% in the 4th quarter. FourThought Financial Partners LLC now owns 2,544 shares of the company’s stock valued at $239,000 after acquiring an additional 139 shares during the period. 89.76% of the stock is currently owned by institutional investors.

SouthState Bank Trading Up 1.5%

Shares of SSB stock opened at $110.16 on Wednesday. SouthState Bank Corporation has a fifty-two week low of $84.47 and a fifty-two week high of $110.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a 50 day simple moving average of $101.19 and a two-hundred day simple moving average of $98.58. The company has a market cap of $10.68 billion, a P/E ratio of 11.58 and a beta of 0.71.

SouthState Bank (NYSE:SSB – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $672.67 million for the quarter, compared to analysts’ expectations of $676.83 million. SouthState Bank had a return on equity of 10.67% and a net margin of 25.09%.During the same period in the prior year, the business earned $2.30 EPS. Research analysts forecast that SouthState Bank Corporation will post 9.51 earnings per share for the current year.

SouthState Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be given a dividend of $0.66 per share. This is a boost from SouthState Bank’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.4%. SouthState Bank’s payout ratio is currently 27.76%.

Insider Activity at SouthState Bank

In related news, Director David R. Brooks sold 24,650 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 7,900 shares of the company’s stock, valued at $869,000. The trade was a 75.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SSB shares. Barclays reduced their price objective on shares of SouthState Bank from $123.00 to $118.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings raised SouthState Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their target price on SouthState Bank from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. 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 report on Tuesday, July 7th. Finally, Stephens reissued an “overweight” rating and issued a $116.00 price target on shares of SouthState Bank in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.64.

View Our Latest Stock Analysis on SouthState Bank

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.