Truist Financial analyst Brandon King maintained a Hold rating on SouthState Corporation (SSB – Research Report) on October 29 and set a price target of $72.00. The company’s shares closed yesterday at $66.10.
According to TipRanks, King is an analyst with an average return of -11.8% and a 22.05% success rate. King covers the Financial sector, focusing on stocks such as Glacier Bancorp, United Community Banks, and Zions Bancorporation National Association.
Currently, the analyst consensus on SouthState Corporation is a Moderate Buy with an average price target of $79.00.
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SSB market cap is currently $5.01B and has a P/E ratio of 9.49.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SSB in relation to earlier this year.
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SouthState Corporation (SSB) Company Description:
South State Corp. is a bank holding company. It provides banking services and products to customers through its subsidiary. The company was founded on February 22, 1985 and is headquartered in Columbia, SC.
Read More on SSB:
- SouthState Corporation Reports Third Quarter 2023 Results, Declares Quarterly Cash Dividend
- South State reports Q3 EPS $1.62, consensus $1.63
- South State price target lowered to $73 from $86 at Truist
- South State cut to Hold at Truist on valuation, lack of catalysts
- South State downgraded to Hold from Buy at Truist
