SouthState Co. (NASDAQ:SSB – Get Free Report) announced a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.54 per share by the bank on Friday, November 15th. This represents a $2.16 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, November 8th.
SouthState has increased its dividend payment by an average of 2.8% per year over the last three years and has increased its dividend every year for the last 13 years.
SouthState Stock Up 1.5 %
NASDAQ SSB opened at $98.06 on Friday. SouthState has a 1 year low of $63.36 and a 1 year high of $103.82. The stock has a market capitalization of $7.47 billion, a PE ratio of 16.00 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $96.27 and its 200 day moving average is $86.18.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Truist Financial boosted their price target on shares of SouthState from $109.00 to $111.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Citigroup initiated coverage on SouthState in a research report on Thursday, October 10th. They issued a “neutral” rating and a $102.00 target price for the company. Hovde Group raised their target price on SouthState from $97.00 to $112.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Stephens upped their price target on SouthState from $88.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Finally, DA Davidson raised their price objective on SouthState from $102.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.89.
Get Our Latest Analysis on SouthState
Insiders Place Their Bets
In related news, CFO William E. V. Matthews sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $100.00, for a total value of $500,000.00. Following the transaction, the chief financial officer now directly owns 36,964 shares of the company’s stock, valued at approximately $3,696,400. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Daniel E. Bockhorst sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the insider now directly owns 33,328 shares of the company’s stock, valued at $3,332,800. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William E. V. Matthews sold 5,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $100.00, for a total transaction of $500,000.00. Following the transaction, the chief financial officer now owns 36,964 shares in the company, valued at approximately $3,696,400. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.
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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