Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
3/15/2023 | $79.00 | Neutral | UBS |
9/28/2022 | $92.00 → $96.00 | Neutral → Overweight | Piper Sandler |
Nacha announced today that SouthState Bank has become its newest Direct Member. With SouthState Bank's addition, Nacha now has 46 Direct Members, which include financial institutions and Payments Associations. "We are thrilled to welcome SouthState Bank to our community of Direct Members," said Jane Larimer, President and CEO of Nacha. "We look forward to SouthState Bank's participation in the Nacha Rulemaking process for the ACH Network and influencing the strategic direction for Nacha and the payments industry." "Joining Nacha as a Direct Member gives us a significant role in shaping the rules governing the ACH Network, ensuring our customers can continue to send and receive payments
WINTER HAVEN, Fla., July 25, 2024 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) announced today that Merriann Metz was appointed to the board of directors of both the company and its bank subsidiary, SouthState Bank, N.A. Metz, 49, serves as general counsel, chief compliance officer, and corporate secretary for Publix Super Markets, Inc. ("Publix"), based in Lakeland, Florida. With over $50 billion in annual revenue and more than 250,000 employees, Publix operates 1,376 store locations across an eight-state footprint of Florida, Georgia, Alabama, the Carolinas, Tennessee,
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
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.
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
Raymond James upgraded South State from Mkt Perform to Outperform and set a new price target of $90.00
DA Davidson resumed coverage of South State with a rating of Buy and set a new price target of $102.00 from $96.00 previously
4 - SouthState Corp (0000764038) (Issuer)
4 - SouthState Corp (0000764038) (Issuer)
4 - SouthState Corp (0000764038) (Issuer)
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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., July 8, 2024 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) ("SouthState") announced today that it will release second quarter 2024 earnings results on Wednesday, July 24, 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, July 25, 2024 at 9:00 a.m. (ET) to discuss its second 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 conference
WINTER HAVEN, Fla. and MCKINNEY, Texas, May 20, 2024 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) ("SouthState") and Independent Bank Group, Inc. (NASDAQ:IBTX) ("Independent Bank Group") jointly announced today that they have entered into a definitive agreement under which SouthState will acquire Independent Bank Group, in an all-stock transaction valued at approximately $2 billion. Independent Bank Group, based in McKinney, Texas, has approximately $18.9 billion in total assets, $15.7 billion in total deposits and $14.6 billion in total loans as of March 31, 2024, and op
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).
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