SouthState Bank Corporation (NYSE:SSB) Shareholders to Get $0.66 Quarterly Dividend

SouthState Bank Corporation (NYSE:SSB) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, November 6th will be given a dividend of $0.66 per share on Friday, November 13th. This represents a $2.64 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, November 6th.

SouthState Bank Price Performance

Shares of SouthState Bank stock traded up $0.70 during trading on Thursday, hitting $103.48. The stock had a trading volume of 206,592 shares, compared to its average volume of 816,198. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.06. SouthState Bank has a 12 month low of $84.47 and a 12 month high of $112.20. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 10.89 and a beta of 0.78. The business’s 50-day moving average is $104.16 and its 200 day moving average is $100.77.

SouthState Bank (NYSE:SSB) last posted its quarterly earnings data on Wednesday, October 21st. The company reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.10). SouthState Bank had a net margin of 25.09% and a return on equity of 10.67%. The business had revenue of $685.43 million for the quarter, compared to the consensus estimate of $691.13 million. During the same period in the prior year, the business posted $2.58 EPS. As a group, sell-side analysts anticipate that SouthState Bank will post 9.47 earnings per share for the current year.

SouthState Bank Company Profile

SouthState Bank is a regional banking institution and the principal banking subsidiary of SouthState Corporation (NYSE: SSB). The bank provides financial services to individuals, families, businesses and institutions, including checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, credit cards and online and mobile banking.

SouthState also offers business banking and treasury-management services, commercial real estate lending, equipment financing, wealth management and investment services.