Hsbc Holdings PLC Cuts Position in SouthState Bank Corporation $SSB

Hsbc Holdings PLC lessened its position in SouthState Bank Corporation (NYSE:SSB) by 30.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,517 shares of the company’s stock after selling 11,282 shares during the quarter. Hsbc Holdings PLC’s holdings in SouthState Bank were worth $2,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in SouthState Bank by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,937,359 shares of the company’s stock worth $1,029,315,000 after purchasing an additional 161,928 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of SouthState Bank by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,729,496 shares of the company’s stock valued at $445,101,000 after purchasing an additional 62,879 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of SouthState Bank by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,866,033 shares of the company’s stock valued at $175,653,000 after buying an additional 85,981 shares in the last quarter. Invesco Ltd. raised its holdings in shares of SouthState Bank by 3.6% during the 4th quarter. Invesco Ltd. now owns 1,647,727 shares of the company’s stock valued at $155,068,000 after buying an additional 56,693 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in SouthState Bank by 1.0% in the 4th quarter. Franklin Resources Inc. now owns 1,623,728 shares of the company’s stock worth $152,809,000 after buying an additional 15,787 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Insider Transactions at SouthState Bank

In other SouthState Bank news, Director David R. Brooks sold 14,300 shares of the business’s 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 transaction, the director owned 12,700 shares in the company, valued at approximately $1,249,553. The trade was a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on SSB shares. Barclays reduced their price target on shares of SouthState Bank from $123.00 to $118.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Wall Street Zen cut shares of SouthState Bank from a “hold” rating to a “sell” rating in a research note on Saturday. DA Davidson reaffirmed a “buy” rating and set a $125.00 target price on shares of SouthState Bank in a report on Wednesday, June 10th. Citigroup decreased their target price on shares of SouthState Bank from $116.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Finally, UBS Group downgraded shares of SouthState Bank from a “buy” rating to a “neutral” rating and set a $108.00 price target for the company. in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, SouthState Bank currently has an average rating of “Moderate Buy” and a consensus price target of $117.50.

SouthState Bank Stock Performance

Shares of 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. SouthState Bank Corporation has a fifty-two week low of $84.47 and a fifty-two week high of $108.46. The stock has a 50 day moving average price of $97.97 and a two-hundred day moving average price of $97.76. The company has a market capitalization of $10.35 billion, a P/E ratio of 11.15 and a beta of 0.70.

SouthState Bank (NYSE:SSB) last released its quarterly earnings data on Thursday, July 23rd. The company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. SouthState Bank had a return on equity of 10.70% and a net margin of 25.09%.The firm had revenue of $672.67 million during the quarter, compared to analyst estimates of $676.83 million. During the same quarter in the prior year, the firm posted $2.30 earnings per share. Analysts expect that SouthState Bank Corporation will post 9.51 earnings per share for the current year.

SouthState Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 7th will be issued a $0.66 dividend. This is a boost from SouthState Bank’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.64 dividend on an annualized basis and a yield of 2.5%. SouthState Bank’s payout ratio is 25.89%.

Key Stories Impacting 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

SouthState Bank Profile

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.