SouthStateSSB
Market Cap: $7.12B
About: SouthState Corp is a United States-based bank holding company. It provides a wide range of banking services and products to its customers through a wholly-owned bank subsidiary, South State Bank. The Bank provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans through financial centers in Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. These services include demand, time and savings deposits, lending and credit cards servicing, ATM processing, and wealth management and trust services.
Employees: 5,189
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
28% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 39
12% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 117
3% more funds holding
Funds holding: 360 [Q1] → 371 (+11) [Q2]
0.17% more ownership
Funds ownership: 88.93% [Q1] → 89.1% (+0.17%) [Q2]
10% less capital invested
Capital invested by funds: $5.76B [Q1] → $5.18B (-$579M) [Q2]
64% less call options, than puts
Call options by funds: $1.42M | Put options by funds: $3.94M
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Truist Securities Brandon King 89% 1-year accuracy 48 / 54 met price target | 17%upside $109 | Hold Maintained | 29 Jul 2024 |
Keefe, Bruyette & Woods Catherine Mealor 64% 1-year accuracy 9 / 14 met price target | 18%upside $110 | Outperform Maintained | 29 Jul 2024 |
Stephens & Co. Russell Gunther 75% 1-year accuracy 9 / 12 met price target | 8%upside $101 | Equal-Weight Maintained | 29 Jul 2024 |
DA Davidson Gary Tenner 82% 1-year accuracy 14 / 17 met price target | 20%upside $112 | Buy Maintained | 26 Jul 2024 |
Stephens & Co. Russell Gunther 75% 1-year accuracy 9 / 12 met price target | 6%downside $88 | Equal-Weight Reiterated | 25 Jul 2024 |