SouthState (NASDAQ:SSB – Get Free Report) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.55 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
SouthState (NASDAQ:SSB – Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The bank reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.13. SouthState had a return on equity of 9.85% and a net margin of 22.15%. The firm had revenue of $419.72 million for the quarter, compared to the consensus estimate of $419.08 million. On average, analysts expect SouthState to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
SouthState Trading Up 0.7 %
NASDAQ:SSB opened at $79.84 on Wednesday. The stock’s 50 day moving average price is $81.68 and its 200 day moving average price is $78.72. SouthState has a 52 week low of $59.51 and a 52 week high of $87.77. The company has a market capitalization of $6.09 billion, a P/E ratio of 12.35 and a beta of 0.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.88 and a current ratio of 0.89.
Insider Activity
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on SSB shares. Truist Financial lowered their price objective on shares of SouthState from $90.00 to $89.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. DA Davidson restated a “buy” rating and issued a $102.00 price objective (up previously from $96.00) on shares of SouthState in a research note on Monday, January 29th. Raymond James cut SouthState from an “outperform” rating to a “market perform” rating in a research report on Friday, January 5th. Finally, UBS Group raised their target price on SouthState from $88.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $87.80.
Check Out Our Latest Stock Report on SSB
SouthState Company Profile
SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services.
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