Recent exceptional positive changes in investment behavior have benefitted SouthState Corporation (NASDAQ: SSB): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
SouthState Corporation (NASDAQ: SSB) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SSB is expected to continue to be a Value Builder.
SouthState has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. SouthState has a neutral Power Rating of 50 and a neutral Appreciation Score of 56, triggering the Neutral Value Trend Rating.
Recent Price Action
SouthState Corporation (NASDAQ: SSB) stock closed at $75.40 on 11/17/23 after a modest gain of 0.6%. Relative to the market the stock has been strong over the last nine months and has risen 10.1% during the last week.
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