TD Cowen Increases SouthState Bank (NYSE:SSB) Price Target to $120.00

SouthState Bank (NYSE:SSB) had its target price upped by stock analysts at TD Cowen from $115.00 to $120.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 18.67% from the company’s previous close.

Several other brokerages have also recently weighed in on SSB. JPMorgan Chase & Co. initiated coverage on shares of SouthState Bank in a research note on Friday, December 12th. They set an “overweight” rating and a $115.00 price target for the company. Citigroup increased their price objective on shares of SouthState Bank from $116.00 to $120.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SouthState Bank in a report on Monday, December 29th. UBS Group reduced their price target on SouthState Bank from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, Barclays boosted their price objective on shares of SouthState Bank from $122.00 to $126.00 and gave the company an “overweight” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $117.21.

SouthState Bank Stock Up 0.8%

Shares of SSB opened at $101.12 on Monday. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 12.87 and a beta of 0.74. The firm has a 50 day simple moving average of $94.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.92 and a current ratio of 0.93. SouthState Bank has a 52-week low of $77.74 and a 52-week high of $109.64.

SouthState Bank (NYSE:SSB) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.30 by $0.17. SouthState Bank had a return on equity of 10.86% and a net margin of 21.26%.The business had revenue of $686.87 million for the quarter, compared to analyst estimates of $667.88 million. During the same quarter in the previous year, the firm earned $1.93 EPS.

Institutional Trading of SouthState Bank

A number of hedge funds have recently modified their holdings of SSB. Fort Washington Investment Advisors Inc. OH raised its holdings in SouthState Bank by 52.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 250,083 shares of the company’s stock valued at $24,723,000 after buying an additional 86,234 shares during the period. CWM LLC increased its holdings in shares of SouthState Bank by 689.1% in the 3rd quarter. CWM LLC now owns 91,288 shares of the company’s stock valued at $9,026,000 after acquiring an additional 79,719 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of SouthState Bank by 100.1% during the third quarter. HBK Sorce Advisory LLC now owns 32,944 shares of the company’s stock worth $3,192,000 after purchasing an additional 16,482 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of SouthState Bank by 101.0% in the 3rd quarter. Signaturefd LLC now owns 25,068 shares of the company’s stock valued at $2,478,000 after buying an additional 12,597 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in SouthState Bank during the third quarter worth about $1,190,000. Institutional investors own 89.76% of the company’s stock.

Key Stories Impacting SouthState Bank

Here are the key news stories impacting SouthState Bank this week:

• Positive Sentiment: Q4 2025 earnings call transcript — management reiterated strong results, margin resilience and progress on past deals; the call highlighted completed integration work that should reduce expenses and support revenue pickup. SouthState Corporation (NYSE: SSB) Q4 2025 earnings call transcript
• Positive Sentiment: Deep dive: integration complete and organic growth accelerating — reporting indicates the company is converting cost synergies and seeing faster-than-expected loan and deposit growth in new markets, which supports revenue momentum going into 2026. SSB Q4 2025 deep dive: Integration complete, organic growth accelerates in new markets
• Positive Sentiment: Multiple analyst price-target raises — TD Cowen, Citigroup, DA Davidson, Stephens and Barclays raised targets (examples: TD Cowen to $120, Citigroup to $120, Barclays to $126), several assigning Buy/Overweight ratings and implying double-digit upside vs. the current level; this analyst momentum often supports near-term buying. Benzinga roundup of analyst actions TickerReport — Barclays/Stephens notes

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.