SouthState Corporation (NYSE: SSB) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent significant positive changes in fundamentals have benefitted SouthState Corporation (NYSE: SSB): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
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 be above the cost of capital.
SouthState has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. SouthState has a neutral Appreciation Score of 54 and a slightly positive Power Rating of 65, with the High Neutral Value Trend Rating the result.
Recent Price Action
SouthState Corporation (NYSE: SSB) stock closed at $91.95 on 9/11/24 after a slight decline of -0.9%. However, unusually low trading volume at 53% of normal accompanied the decline. The stock has declined -4.4% during the last week and has performed in line with the market over the last nine months.
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