SouthState Bank (NYSE:SSB) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of SouthState Bank (NYSE:SSB) from a hold rating to a sell rating in a research report released on Saturday morning.

SSB has been the subject of several other research reports. DA Davidson reissued a “buy” rating and set a $125.00 price objective on shares of SouthState Bank in a report on Wednesday, June 10th. Barclays reduced their target price on SouthState Bank from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Fundamental Research set a $120.00 target price on SouthState Bank in a research report on Wednesday, July 1st. UBS Group downgraded SouthState Bank from a “buy” rating to a “neutral” rating and set a $108.00 target price on the stock. in a research report on Tuesday, July 7th. Finally, Weiss Ratings raised SouthState Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $117.50.

SouthState Bank Price Performance

SSB stock opened at $106.00 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.93. The company’s fifty day moving average price is $97.97 and its 200-day moving average price is $97.76. SouthState Bank has a one year low of $84.47 and a one year high of $108.46. The company has a market capitalization of $10.35 billion, a PE ratio of 11.15 and a beta of 0.70.

SouthState Bank (NYSE:SSB) last posted its earnings results on Thursday, July 23rd. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. The company had revenue of $672.67 million during the quarter, compared to analysts’ expectations of $676.83 million. SouthState Bank had a net margin of 25.09% and a return on equity of 10.70%. During the same period last year, the company posted $2.30 earnings per share. On average, equities analysts anticipate that SouthState Bank will post 9.51 EPS for the current fiscal year.

SouthState Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be given a dividend of $0.66 per share. The ex-dividend date is Friday, August 7th. This represents a $2.64 annualized dividend and a dividend yield of 2.5%. This is a positive change from SouthState Bank’s previous quarterly dividend of $0.60. SouthState Bank’s dividend payout ratio is currently 25.89%.

Insider Activity at SouthState Bank

In related news, Director David R. Brooks sold 14,300 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $98.39, for a total value of $1,406,977.00. Following the completion of the transaction, the director owned 12,700 shares of the company’s stock, valued at approximately $1,249,553. This trade represents a 52.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On SouthState Bank

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its stake in shares of SouthState Bank by 4.6% during the 1st quarter. Jane Street Group LLC now owns 82,984 shares of the company’s stock worth $7,703,000 after purchasing an additional 3,678 shares during the period. M&T Bank Corp bought a new stake in shares of SouthState Bank during the second quarter worth $245,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of SouthState Bank by 1,801.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 63,291 shares of the company’s stock valued at $5,825,000 after purchasing an additional 59,962 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of SouthState Bank by 31.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock worth $176,000 after purchasing an additional 452 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of SouthState Bank in the second quarter worth about $919,000. 89.76% of the stock is owned by institutional investors.

Trending Headlines about SouthState Bank

Here are the key news stories impacting SouthState Bank this week:

• Positive Sentiment: SouthState reported Q2 EPS of $2.35, ahead of the $2.31 consensus, signaling stronger-than-expected bottom-line performance. SouthState Bank Corporation Reports Second Quarter 2026 Results, Declares an Increase in the Quarterly Cash Dividend
• Positive Sentiment: The company raised its quarterly dividend to $0.66 per share from $0.60, a 10% increase, which can signal confidence in capital strength and future cash generation. SouthState Bank Corporation Reports Second Quarter 2026 Results, Declares an Increase in the Quarterly Cash Dividend
• Positive Sentiment: Management said it expects net interest margin of about 3.75% to 3.80% through 2027 and is targeting mid- to high single-digit loan growth, which suggests stable earnings power and continued balance-sheet expansion. SouthState signals stable 3.75%-3.80% NIM through 2027 while targeting mid- to high single-digit loan growth
• Neutral Sentiment: Revenue came in slightly below expectations at about $672.7 million versus $676.8 million estimated, with weaker net interest income offset by growth in non-interest income, loans, and deposits. SouthState Q2 Earnings Beat Estimates, Revenues Miss on Lower NII
• Neutral Sentiment: The Q2 earnings call transcript and related market coverage indicate investors are weighing the strong earnings beat against the revenue miss and NII pressure, keeping the overall reaction mixed but constructive. SouthState Bank Corporation (SSB) Q2 2026 Earnings Call Transcript

About SouthState Bank

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.