SouthState (SSB)

• Market cap: $10.1B
• 1 day: 1.11%
• 5 days: 8.24%
• 1 month: -6.34%
• 3 months: -3.17%
• 6 months: 10.16%
• Year to date: 2.80%
• 1 year: 25.59%
• 5 years: 14.85%
• 10 years: 60.42%
• Sector: Financials
• Industry: State Commercial Banks

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: 5,144

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

26% more call options, than puts

Call options by funds: $2.76M | Put options by funds: $2.18M

24% more capital invested

Capital invested by funds: $5.34B [Q2] → $6.63B (+$1.28B) [Q3]

22% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 45

2% more funds holding

Funds holding: 374 [Q2] → 380 (+6) [Q3]

2.44% less ownership

Funds ownership: 91.78% [Q2] → 89.35% (-2.44%) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 127

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $103 3% upside
• Avg. target: $119 20% upside
• High target: $132 32% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Stephens & Co. Russell Gunther 81% 1-year accuracy 17 / 21 met price target	30% upside $130	Overweight Reiterated	2 Jan 2025
UBS Nicholas Holowko 50% 1-year accuracy 4 / 8 met price target	32% upside $132	Buy Initiated	17 Dec 2024
Keefe, Bruyette & Woods Catherine Mealor 71% 1-year accuracy 22 / 31 met price target	20% upside $120	Outperform Reiterated	7 Nov 2024
Truist Securities Brandon King 92% 1-year accuracy 49 / 53 met price target	3% upside $103	Hold Maintained	28 Oct 2024
Piper Sandler Stephen Scouten 86% 1-year accuracy 19 / 22 met price target	12% upside $112	Overweight Maintained	25 Oct 2024