SouthState Corporation (NYSE: SSB) has reported E.P.S. of $1.88 for its third fiscal quarter (ending September 30) versus $1.63 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $6.52 compared to $7.00 a year ago.
Recent Price Action
SouthState Corporation (NYSE: SSB) stock closed at $96.64 on 10/23/24 after a slight decline of -0.6%. Moreover, unusually high trading volume at 160% of normal accompanied the decline. The stock has declined -4.8% during the last week but has been strong relative to the market over the last nine months.
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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SouthState has a neutral Appreciation Score of 54 but a good Power Rating of 82, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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