Today, Keefe, Bruyette & Woods lowers the Stock rating of South State Corp. (SSB)

Today, Keefe, Bruyette & Woods lowers the Stock rating of South State Corp. (SSB)

South State Corp. (NASDAQ:SSB) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Tuesday.

A number of other research analysts also recently issued reports on SSB. Zacks Investment Research raised South State Corp. from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Tuesday, October 25th. FIG Partners raised South State Corp. from a “market-perform” rating to an “outperform” rating in a report on Thursday, November 3rd.

South State Corp. (NASDAQ:SSB) opened at 84.85 on Tuesday. The firm’s 50-day moving average price is $77.20 and its 200 day moving average price is $73.38. The company has a market capitalization of $2.04 billion, a PE ratio of 20.01 and a beta of 0.97. South State Corp. has a 52 week low of $59.19 and a 52 week high of $87.75.

South State Corp. (NASDAQ:SSB) last issued its quarterly earnings results on Friday, October 21st. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.01. South State Corp. had a return on equity of 9.98% and a net margin of 22.27%. Equities research analysts expect that South State Corp. will post $4.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 11th were issued a $0.32 dividend. This is an increase from South State Corp.’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.47%. South State Corp.’s dividend payout ratio is currently 30.26%.

In other South State Corp. news, President John F. Windley sold 2,028 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $79.74, for a total value of $161,712.72. Following the completion of the sale, the president now owns 41,862 shares in the company, valued at $3,338,075.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alton Clarence Phillips sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $86.00, for a total value of $86,000.00. Following the completion of the sale, the director now owns 12,467 shares of the company’s stock, valued at approximately $1,072,162. The disclosure for this sale can be found here. 4.18% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of SSB. D.A. Davidson & CO. boosted its stake in shares of South State Corp. by 6.0% in the third quarter. D.A. Davidson & CO. now owns 1,399 shares of the company’s stock worth $104,000 after buying an additional 79 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of South State Corp. by 3.0% in the second quarter. Advisory Services Network LLC now owns 1,600 shares of the company’s stock worth $109,000 after buying an additional 47 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of South State Corp. during the second quarter worth approximately $109,000. Advisor Group Inc. bought a new stake in shares of South State Corp. during the second quarter worth approximately $109,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of South State Corp. by 377.0% in the second quarter. BNP Paribas Arbitrage SA now owns 1,636 shares of the company’s stock worth $111,000 after buying an additional 1,293 shares during the last quarter. Institutional investors and hedge funds own 68.95% of the company’s stock.

South State Corp. Company Profile

Related posts

Leave a Comment

Today, Keefe, Bruyette & Woods lowers the Stock rating of South State Corp. (SSB)

Today, Keefe, Bruyette & Woods lowers the Stock rating of South State Corp. (SSB)

South State Corp. (NASDAQ:SSB) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Tuesday.

A number of other research analysts also recently issued reports on SSB. Zacks Investment Research raised South State Corp. from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Tuesday, October 25th. FIG Partners raised South State Corp. from a “market-perform” rating to an “outperform” rating in a report on Thursday, November 3rd.

South State Corp. (NASDAQ:SSB) opened at 84.85 on Tuesday. The firm’s 50-day moving average price is $77.20 and its 200 day moving average price is $73.38. The company has a market capitalization of $2.04 billion, a PE ratio of 20.01 and a beta of 0.97. South State Corp. has a 52 week low of $59.19 and a 52 week high of $87.75.

South State Corp. (NASDAQ:SSB) last issued its quarterly earnings results on Friday, October 21st. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.01. South State Corp. had a return on equity of 9.98% and a net margin of 22.27%. Equities research analysts expect that South State Corp. will post $4.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 11th were issued a $0.32 dividend. This is an increase from South State Corp.’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.47%. South State Corp.’s dividend payout ratio is currently 30.26%.

In other South State Corp. news, President John F. Windley sold 2,028 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $79.74, for a total value of $161,712.72. Following the completion of the sale, the president now owns 41,862 shares in the company, valued at $3,338,075.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alton Clarence Phillips sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $86.00, for a total value of $86,000.00. Following the completion of the sale, the director now owns 12,467 shares of the company’s stock, valued at approximately $1,072,162. The disclosure for this sale can be found here. 4.18% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of SSB. D.A. Davidson & CO. boosted its stake in shares of South State Corp. by 6.0% in the third quarter. D.A. Davidson & CO. now owns 1,399 shares of the company’s stock worth $104,000 after buying an additional 79 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of South State Corp. by 3.0% in the second quarter. Advisory Services Network LLC now owns 1,600 shares of the company’s stock worth $109,000 after buying an additional 47 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of South State Corp. during the second quarter worth approximately $109,000. Advisor Group Inc. bought a new stake in shares of South State Corp. during the second quarter worth approximately $109,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of South State Corp. by 377.0% in the second quarter. BNP Paribas Arbitrage SA now owns 1,636 shares of the company’s stock worth $111,000 after buying an additional 1,293 shares during the last quarter. Institutional investors and hedge funds own 68.95% of the company’s stock.

South State Corp. Company Profile

Related posts

Leave a Comment