South State Corporation (SSB) Getting Positive News Coverage, Analysis Shows

News articles about South State Corporation (NASDAQ:SSB) have trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. South State Corporation earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.169975352329 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of South State Corporation (NASDAQ:SSB) opened at 92.85 on Wednesday. South State Corporation has a 12 month low of $70.75 and a 12 month high of $93.40. The company’s 50 day moving average price is $84.88 and its 200 day moving average price is $85.42. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 24.26 and a beta of 1.10.

South State Corporation (NASDAQ:SSB) last released its quarterly earnings data on Friday, July 21st. The bank reported $1.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.18. The firm had revenue of $136.61 million for the quarter, compared to the consensus estimate of $137.00 million. South State Corporation had a return on equity of 9.15% and a net margin of 20.00%. On average, equities analysts expect that South State Corporation will post $4.75 EPS for the current fiscal year.

A number of research firms have commented on SSB. BidaskClub upgraded South State Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Brean Capital reiterated a “hold” rating on shares of South State Corporation in a research report on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “neutral” rating and issued a $90.00 price target on shares of South State Corporation in a research report on Thursday, October 5th. Finally, Zacks Investment Research upgraded South State Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. South State Corporation has a consensus rating of “Buy” and a consensus price target of $92.50.

COPYRIGHT VIOLATION WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/11/south-state-corporation-ssb-getting-positive-news-coverage-analysis-shows.html.

In related news, insider Joe E. Burns sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $83.39, for a total value of $41,695.00. Following the sale, the insider now directly owns 39,947 shares of the company’s stock, valued at $3,331,180.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert R. Hill, Jr. sold 2,831 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $82.10, for a total value of $232,425.10. Following the completion of the sale, the chief executive officer now directly owns 140,215 shares in the company, valued at $11,511,651.50. The disclosure for this sale can be found here. Insiders sold 3,581 shares of company stock worth $294,408 over the last three months. 2.78% of the stock is owned by insiders.

South State Corporation Company Profile

South State Corporation (NASDAQ: SSB) is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company’s primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years.

Shares of South State Corporation (NASDAQ:SSB) opened at 92.85 on Wednesday. South State Corporation has a 12 month low of $70.75 and a 12 month high of $93.40. The company’s 50 day moving average price is $84.88 and its 200 day moving average price is $85.42. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 24.26 and a beta of 1.10.

South State Corporation (NASDAQ:SSB) last released its quarterly earnings data on Friday, July 21st. The bank reported $1.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.18. The firm had revenue of $136.61 million for the quarter, compared to the consensus estimate of $137.00 million. South State Corporation had a return on equity of 9.15% and a net margin of 20.00%. On average, equities analysts expect that South State Corporation will post $4.75 EPS for the current fiscal year.

A number of research firms have commented on SSB. BidaskClub upgraded South State Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Brean Capital reiterated a “hold” rating on shares of South State Corporation in a research report on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “neutral” rating and issued a $90.00 price target on shares of South State Corporation in a research report on Thursday, October 5th. Finally, Zacks Investment Research upgraded South State Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. South State Corporation has a consensus rating of “Buy” and a consensus price target of $92.50.

COPYRIGHT VIOLATION WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/11/south-state-corporation-ssb-getting-positive-news-coverage-analysis-shows.html.

In related news, insider Joe E. Burns sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $83.39, for a total value of $41,695.00. Following the sale, the insider now directly owns 39,947 shares of the company’s stock, valued at $3,331,180.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert R. Hill, Jr. sold 2,831 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $82.10, for a total value of $232,425.10. Following the completion of the sale, the chief executive officer now directly owns 140,215 shares in the company, valued at $11,511,651.50. The disclosure for this sale can be found here. Insiders sold 3,581 shares of company stock worth $294,408 over the last three months. 2.78% of the stock is owned by insiders.

South State Corporation Company Profile

South State Corporation (NASDAQ: SSB) is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company’s primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years.

Insider Buying and Selling by Quarter for South State Corporation (NASDAQ:SSB)

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