Hovde Group reiterated coverage of South State with a rating of Outperform and set a new price target of $112.00 from $97.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | Outperform → Market Perform | Hovde Group | |
| 10/10/2024 | $102.00 | Neutral | Citigroup |
| 7/29/2024 | $97.00 → $112.00 | Outperform | Hovde Group |
| 5/21/2024 | $90.00 | Mkt Perform → Outperform | Raymond James |
| 1/29/2024 | $96.00 → $102.00 | Buy | DA Davidson |
| 1/5/2024 | Outperform → Mkt Perform | Raymond James | |
| 12/19/2023 | $78.00 | Equal-Weight | Stephens |
| 9/27/2023 | $86.00 → $73.00 | Buy → Hold | Truist |
Hovde Group downgraded South State from Outperform to Market Perform
Citigroup initiated coverage of South State with a rating of Neutral and set a new price target of $102.00
Hovde Group reiterated coverage of South State with a rating of Outperform and set a new price target of $112.00 from $97.00 previously
13F-HR - SouthState Corp (0000764038) (Filer)
10-Q - SouthState Corp (0000764038) (Filer)
8-K - SouthState Corp (0000764038) (Filer)
4 - SouthState Corp (0000764038) (Issuer)
4 - SouthState Corp (0000764038) (Issuer)
4 - SouthState Corp (0000764038) (Issuer)
WINTER HAVEN, Fla., Oct. 23, 2024 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) today released its unaudited results of operations and other financial information for the three-month and nine-month periods ended September 30, 2024. "Despite the challenges of hurricane season, SouthState produced steady growth in loans, deposits, revenue, and earnings per share. Furthermore, with the compounding effect of interest rate changes, our tangible book value per share increased 7% during the quarter", commented John C. Corbett, SouthState's Chief Executive Officer. "We were also pleased to receive overwhelming shareholder support for our acquisition of IBTX.
WINTER HAVEN, Fla., Oct. 4, 2024 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) ("SouthState") announced today that it will release third quarter 2024 earnings results on Wednesday, October 23, 2024, after the market closes. Upon release, investors may access a copy of SouthState's earnings results at the Company's website at www.SouthStateBank.com under Investor Relations, News, News & Market Data section. SouthState will host a conference call on Thursday, October 24, 2024 at 9:00 a.m. (ET) to discuss its third quarter 2024 results. Investors may call in (toll free) by dialing (888) 350-3899 within the US and (646) 960-0343 for all other locations (host: Will Matthews, CFO). The con
WINTER HAVEN, Fla., July 24, 2024 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) today released its unaudited results of operations and other financial information for the three-month and six-month periods ended June 30, 2024. "Both revenue and net interest margin inflected during the second quarter as loans repriced faster than deposits. Loans grew at a 7% annualized pace and earnings per share increased 15% over the first quarter", commented John C. Corbett, SouthState's Chief Executive Officer. "On May 20th, we announced the acquisition of Texas-based Independent Bank Group. During June, we traveled in town hall meetings with the Independent team a
WINTER HAVEN, Fla., Oct. 23, 2024 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) today released its unaudited results of operations and other financial information for the three-month and nine-month periods ended September 30, 2024. "Despite the challenges of hurricane season, SouthState produced steady growth in loans, deposits, revenue, and earnings per share. Furthermore, with the compounding effect of interest rate changes, our tangible book value per share increased 7% during the quarter", commented John C. Corbett, SouthState's Chief Executive Officer. "We were also pleased to receive overwhelming shareholder support for our acquisition of IBTX.
Adoption of Blend's Close solution has cut closing times to 20 minutes and reduced loan processing from 7 days to 48 hours, enhancing efficiency and borrower satisfaction Blend, the leading origination platform for digital banking solutions, is pleased to announce the successful implementation of its Close solution at SouthState Bank (SouthState), resulting in significant enhancements to borrower experience and operational efficiency. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021622665/en/ SouthState, a regional bank with $44 billion in assets and over 1 million customers across the southeastern United States, sought Ble
WINTER HAVEN, Fla., Oct. 4, 2024 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) ("SouthState") announced today that it will release third quarter 2024 earnings results on Wednesday, October 23, 2024, after the market closes. Upon release, investors may access a copy of SouthState's earnings results at the Company's website at www.SouthStateBank.com under Investor Relations, News, News & Market Data section. SouthState will host a conference call on Thursday, October 24, 2024 at 9:00 a.m. (ET) to discuss its third quarter 2024 results. Investors may call in (toll free) by dialing (888) 350-3899 within the US and (646) 960-0343 for all other locations (host: Will Matthews, CFO). The con
SC 13G/A - SouthState Corp (0000764038) (Subject)
SC 13G - SouthState Corp (0000764038) (Subject)
SC 13G/A - SouthState Corp (0000764038) (Subject)
ATLANTA, April 29, 2024 /PRNewswire/ -- SouthState Bank today announced the retirement of Doug Williams, president of the Atlanta Banking Group and head of Corporate Banking, effective Dec. 31. Williams culminates his 44-year career with SouthState after spearheading the Atlantic Capital merger in 2022. He founded the Atlanta-based bank after 26 years with Wachovia. "We cannot thank Doug enough for shepherding Atlantic Capital through the transition to SouthState. His knowledge of the Atlanta market and client base has been invaluable, and the Bank remains poised for growth in
ATLANTA, March 1, 2022 /PRNewswire/ -- SouthState Corporation (NASDAQ:SSB) ("SouthState" or the "Company") today announced the closing of its acquisition of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) ("Atlantic Capital") through the merger of Atlantic Capital with and into SouthState. Immediately after that merger, Atlantic Capital's subsidiary bank, Atlantic Capital Bank, N.A. merged with and into SouthState Bank, N.A. ("SouthState Bank"). As a result of these transactions, the combined company has an expanded presence in the Atlanta market, with $5 billion in deposits and ranks 8th in market share (3rd among banks under $100 billion in assets).
SouthState (NASDAQ:SSB) reported quarterly earnings of $1.79 per share which beat the analyst consensus estimate of $1.54 by 16.23 percent. The company reported quarterly sales of $425.00 million which beat the analyst consensus estimate of $418.08 million by 1.66 percent. This is a 3.18 percent decrease over sales of $438.96 million the same period last year.