What is DA Davidson’s Estimate for SouthState Q1 Earnings?

SouthState Co. (NASDAQ:SSB) – DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for SouthState in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner expects that the bank will earn $1.11 per share for the quarter. The consensus estimate for SouthState’s current full-year earnings is $6.99 per share.

Several other equities research analysts have also recently issued reports on SSB. Hovde Group cut shares of SouthState from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th. UBS Group initiated coverage on shares of SouthState in a research note on Tuesday, December 17th. They issued a “buy” rating and a $132.00 price target on the stock. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of SouthState in a research report on Friday, January 24th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of SouthState in a report on Thursday, November 7th. Finally, Citigroup raised SouthState from a “neutral” rating to a “buy” rating and increased their price target for the company from $106.00 to $128.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.44.

SouthState Trading Down 0.6 %

Shares of NASDAQ:SSB opened at $105.88 on Wednesday. SouthState has a 12-month low of $70.68 and a 12-month high of $114.26. The company has a market cap of $8.08 billion, a PE ratio of 16.34 and a beta of 0.70. The stock has a 50 day moving average of $103.41 and a 200 day moving average of $98.95. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10.

SouthState Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.54 dividend. The ex-dividend date is Friday, February 7th. This represents a $2.16 annualized dividend and a yield of 2.04%. SouthState’s dividend payout ratio (DPR) is presently 33.33%.

Insider Transactions at SouthState

In other SouthState news, CFO William E. V. Matthews sold 6,531 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $108.29, for a total value of $707,241.99. Following the completion of the transaction, the chief financial officer now owns 34,107 shares of the company’s stock, valued at approximately $3,693,447.03. This trade represents a 16.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On SouthState

Hedge funds and other institutional investors have recently bought and sold shares of the business. BIP Wealth LLC lifted its stake in shares of SouthState by 605.2% in the 3rd quarter. BIP Wealth LLC now owns 31,422 shares of the bank’s stock valued at $3,054,000 after purchasing an additional 26,966 shares during the period. Stifel Financial Corp boosted its position in shares of SouthState by 10.5% during the 3rd quarter. Stifel Financial Corp now owns 63,573 shares of the bank’s stock valued at $6,178,000 after acquiring an additional 6,062 shares during the last quarter. JPMorgan Chase & Co. grew its position in SouthState by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 408,894 shares of the bank’s stock worth $39,736,000 after acquiring an additional 9,863 shares during the period. Fisher Asset Management LLC increased its position in shares of SouthState by 3.7% during the third quarter. Fisher Asset Management LLC now owns 711,853 shares of the bank’s stock valued at $69,178,000 after acquiring an additional 25,495 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of SouthState in the 4th quarter valued at $1,008,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

About SouthState

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.