SouthState Corporation (NASDAQ: SSB) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and its longer term price trend turned up.
Notable positive changes in fundamentals have recently occurred for SouthState Corporation (NASDAQ: SSB): 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
SSB is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SouthState has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SouthState has a neutral Appreciation Score of 55 and a slightly positive Power Rating of 67, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 12/14/23, SouthState Corporation (NASDAQ: SSB) stock enjoyed a large increase of 4.2%, closing at $86.96. Moreover, unusually high trading volume at 184% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 10.7% during the last week.
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