SouthState (SSB)

• Market cap: $7.65B
• 1 day: 1.29%
• 5 days: -8.12%
• 1 month: -4.40%
• 3 months: 1.45%
• 6 months: 37.52%
• Year to date: 17.82%
• 1 year: 19.00%
• 5 years: 15.12%
• 10 years: 52.69%
• 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: $5.31B [Q2] → $6.59B (+$1.27B) [Q3]

12% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 49

2% more funds holding

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

2.45% less ownership

Funds ownership: 91.26% [Q2] → 88.81% (-2.45%) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 127

Research analyst outlook

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

• Low target: $102 2% upside
• Avg. target: $112 12% upside
• High target: $132 32% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

UBS Nicholas Holowko 13% 1-year accuracy 1 / 8 met price target	32% upside $132	Buy Initiated	17 Dec 2024
Keefe, Bruyette & Woods Catherine Mealor 69% 1-year accuracy 24 / 35 met price target	20% upside $120	Outperform Reiterated	7 Nov 2024
Stephens & Co. Russell Gunther 89% 1-year accuracy 16 / 18 met price target	5% upside $105	Equal-Weight Maintained	29 Oct 2024
Truist Securities Brandon King 93% 1-year accuracy 51 / 55 met price target	3% upside $103	Hold Maintained	28 Oct 2024
Piper Sandler Stephen Scouten 88% 1-year accuracy 21 / 24 met price target	12% upside $112	Overweight Maintained	25 Oct 2024