Strs Ohio trimmed its stake in shares of SouthState Bank Corporation (NYSE:SSB – Free Report) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,954 shares of the company’s stock after selling 16,411 shares during the quarter. Strs Ohio owned 0.09% of SouthState Bank worth $9,091,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings in SouthState Bank by 4.6% during the 1st quarter. Jane Street Group LLC now owns 82,984 shares of the company’s stock valued at $7,703,000 after buying an additional 3,678 shares in the last quarter. GAMMA Investing LLC grew its stake in SouthState Bank by 56.1% during the second quarter. GAMMA Investing LLC now owns 1,829 shares of the company’s stock valued at $168,000 after acquiring an additional 657 shares in the last quarter. Fifth Third Bancorp grew its stake in SouthState Bank by 14.0% during the second quarter. Fifth Third Bancorp now owns 1,090 shares of the company’s stock valued at $100,000 after acquiring an additional 134 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in SouthState Bank by 204.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 46,705 shares of the company’s stock worth $4,298,000 after acquiring an additional 31,360 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in SouthState Bank by 4.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 163,849 shares of the company’s stock worth $15,079,000 after purchasing an additional 6,980 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.
Analyst Ratings Changes
SSB has been the subject of a number of recent analyst reports. Piper Sandler reduced their price target on shares of SouthState Bank from $121.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, October 27th. Citigroup reduced their target price on SouthState Bank from $117.00 to $116.00 and set a “buy” rating for the company in a research report on Monday, October 27th. Raymond James Financial upped their target price on SouthState Bank from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 7th. DA Davidson dropped their price target on SouthState Bank from $117.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Finally, Stephens cut their price objective on SouthState Bank from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.07.
Key SouthState Bank News
Here are the key news stories impacting SouthState Bank this week:
- Positive Sentiment: Q4 beat — SouthState reported $2.47 EPS vs. $2.30 expected and revenue of $686.9M vs. ~$667.9M, driven by higher net interest income and fee revenue; EPS rose ~28% year-over-year. MarketBeat Q4 Results
- Positive Sentiment: Shareholder returns boosted — company declared a $0.60 quarterly dividend (ex-div Feb 6) and authorized a new stock repurchase plan, supporting capital return expectations. Press Release
- Positive Sentiment: Balance-sheet momentum — loan and deposit growth accelerated in the quarter, reinforcing revenue runway from higher earning assets. Investing.com Article
- Neutral Sentiment: Full detail available — the company’s Q4 earnings call transcript and slide presentation give management commentary and metrics for investors doing deeper diligence. Earnings Call Transcript Presentation
- Neutral Sentiment: Analyst narrative shifting — coverage and price-target commentary are changing after the print; this could re-rate sentiment but the direction depends on follow-through from guidance and capital metrics. Yahoo Finance: Analyst Update
- Neutral Sentiment: Talent hire announced — new strategic hiring aimed at 2026 growth; likely helpful longer-term but low immediate impact on results. Talent Acquisition Release
- Negative Sentiment: Rising provisions and higher operating expenses — analysts and press coverage note increased loan-loss provisions and expense growth that weighed on margins despite the top-line beat, a key reason investors are cautious. Zacks Earnings Analysis
SouthState Bank Stock Down 0.4%
Shares of SSB stock opened at $100.18 on Monday. The business’s 50-day moving average price is $94.28. SouthState Bank Corporation has a 12-month low of $77.74 and a 12-month high of $109.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 12.75 and a beta of 0.74.
SouthState Bank (NYSE:SSB – Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.17. The company had revenue of $686.87 million for the quarter, compared to analysts’ expectations of $667.88 million. SouthState Bank had a return on equity of 10.86% and a net margin of 21.26%.During the same period last year, the firm posted $1.93 EPS.
SouthState Bank Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. SouthState Bank’s dividend payout ratio (DPR) is 30.53%.
About SouthState Bank
SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.
In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.
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