UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in SouthState Bank Corporation $SSB

Posted by Geri Gentry on Sep 5th, 2026

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in SouthState Bank Corporation (NYSE:SSB – Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 242,418 shares of the company’s stock after selling 15,425 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of SouthState Bank worth $24,218,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SSB. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of SouthState Bank during the 2nd quarter valued at about $28,000. Root Financial Partners LLC boosted its position in shares of SouthState Bank by 100.0% during the first quarter. Root Financial Partners LLC now owns 420 shares of the company’s stock valued at $39,000 after purchasing an additional 210 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in SouthState Bank in the second quarter worth $50,000. Measured Wealth Private Client Group LLC bought a new position in SouthState Bank in the third quarter worth $51,000. Finally, GHP Investment Advisors Inc. bought a new position in SouthState Bank in the first quarter worth $52,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

SouthState Bank Price Performance

SSB opened at $108.02 on Friday. The stock has a 50-day moving average price of $104.96 and a 200-day moving average price of $99.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a market cap of $10.47 billion, a PE ratio of 11.36 and a beta of 0.72. 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 announced 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 company had revenue of $672.67 million for the quarter, compared to analysts’ expectations of $676.83 million. SouthState Bank had a net margin of 25.09% and a return on equity of 10.67%. During the same quarter in the previous year, the business posted $2.30 EPS. Sell-side analysts predict that SouthState Bank Corporation will post 9.51 earnings per share for the current fiscal year.

SouthState Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were issued a dividend of $0.66 per share. The ex-dividend date was Friday, August 7th. This is a positive change from SouthState Bank’s previous quarterly dividend of $0.60. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.4%. SouthState Bank’s dividend payout ratio is currently 27.76%.

Insider Activity at SouthState Bank

In related news, Director David Brooks sold 24,650 shares of the business’s stock in a transaction that occurred 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 directly owned 7,900 shares in the company, valued at $869,000. The trade was a 75.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William E. V. Matthews sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $108.93, for a total value of $435,720.00. Following the completion of the transaction, the chief financial officer directly owned 40,568 shares in the company, valued at $4,419,072.24. This trade represents a 8.98% decrease in their ownership of the stock. 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 three months. 1.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SSB. UBS Group downgraded shares of SouthState Bank from a “buy” rating to a “neutral” rating and set a $108.00 target price on the stock. in a research report on Tuesday, July 7th. Fundamental Research set a $120.00 price target on shares of SouthState Bank in a research report on Wednesday, July 1st. Stephens reissued an “overweight” rating and set a $116.00 price objective on shares of SouthState Bank in a research note on Monday, July 27th. Truist Financial raised their target price on shares of SouthState Bank from $108.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, DA Davidson reiterated a “buy” rating and set a $125.00 target price on shares of SouthState Bank in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, SouthState Bank currently has an average rating of “Buy” and a consensus price target of $119.64.

Check Out Our Latest Analysis on SSB

About SouthState Bank

(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.