Recent exceptional positive changes in investment behavior have benefitted SouthState Corporation (NASDAQ: SSB): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
SouthState Corporation (NASDAQ: SSB) has benefited from significant 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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. SouthState has a neutral Appreciation Score of 56 and a slightly positive Power Rating of 62, resulting in the High Neutral Value Trend Rating.
Recent Price Action
SouthState Corporation (NASDAQ: SSB) stock closed at $80.05 on 12/4/23 after an increase of 1.8%. NORMAL trading volume accompanied the advance. The stock has risen 8.7% during the last week and has been strong relative to the market over the last nine months.
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