SouthState Bank Corporation $SSB Shares Bought by The Manufacturers Life Insurance Company

Posted by Francis Steltz on Sep 12th, 2026

The Manufacturers Life Insurance Company grew its position in SouthState Bank Corporation (NYSE:SSB – Free Report) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 855,527 shares of the company’s stock after buying an additional 4,764 shares during the period. The Manufacturers Life Insurance Company owned 0.88% of SouthState Bank worth $85,467,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FJ Capital Management LLC raised its position in SouthState Bank by 54.0% in the fourth quarter. FJ Capital Management LLC now owns 813,033 shares of the company’s stock valued at $76,515,000 after purchasing an additional 285,091 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of SouthState Bank during the 1st quarter worth $4,898,000. Geode Capital Management LLC grew its holdings in shares of SouthState Bank by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,866,033 shares of the company’s stock worth $175,653,000 after purchasing an additional 85,981 shares during the period. Cibc World Market Inc. acquired a new stake in shares of SouthState Bank during the 2nd quarter worth about $1,823,000. Finally, NFJ Investment Group LLC acquired a new stake in shares of SouthState Bank during the 4th quarter worth about $30,930,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

SSB has been the topic of several research analyst reports. Fundamental Research set a $120.00 price objective on shares of SouthState Bank in a report on Wednesday, July 1st. JPMorgan Chase & Co. increased their target price on shares of SouthState Bank from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Truist Financial lifted their price target on shares of SouthState Bank from $108.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. UBS Group downgraded shares of 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. Finally, Barclays decreased their price objective on shares of SouthState Bank from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $119.64.

View Our Latest Report on SSB

Insider Buying and Selling

In other SouthState Bank news, Director David R. Brooks sold 24,650 shares of the firm’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 owned 7,900 shares of the company’s stock, valued at $869,000. This trade represents a 75.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO William Matthews sold 4,000 shares of the business’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 transaction, the chief financial officer owned 40,568 shares of the company’s stock, valued at approximately $4,419,072.24. This trade represents a 8.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,831 shares of company stock valued at $3,814,274 in the last 90 days. Company insiders own 1.70% of the company’s stock.

SouthState Bank Price Performance

SSB stock opened at $105.93 on Friday. The business’s fifty day moving average price is $105.57 and its 200 day moving average price is $99.21. SouthState Bank Corporation has a 12-month low of $84.47 and a 12-month high of $112.20. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $10.27 billion, a PE ratio of 11.14 and a beta of 0.72.

SouthState Bank (NYSE:SSB – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $672.67 million during 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 last year, the business posted $2.30 EPS. On average, sell-side analysts anticipate that SouthState Bank Corporation will post 9.51 EPS for the current year.

SouthState Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from SouthState Bank’s previous quarterly dividend of $0.60. This represents a $2.64 annualized dividend and a dividend yield of 2.5%. SouthState Bank’s payout ratio is 27.76%.

About SouthState Bank

(Free Report)

SouthState Bank is the principal banking subsidiary of SouthState Corporation (NYSE: SSB), a regional financial institution headquartered in Winter Haven, Florida. The bank provides banking and financial services to individuals, families, businesses and institutions through a network of branches and digital banking channels.

Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit cards, treasury management, cash management and online and mobile banking.