Great West Life Assurance Co. Can maintained its position in shares of South State Corporation (NASDAQ:SSB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,799 shares of the bank’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in South State Corporation were worth $239,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Strs Ohio boosted its position in shares of South State Corporation by 116.7% in the first quarter. Strs Ohio now owns 1,300 shares of the bank’s stock valued at $116,000 after acquiring an additional 700 shares during the period. Bank of Montreal Can boosted its position in shares of South State Corporation by 2.2% in the second quarter. Bank of Montreal Can now owns 1,550 shares of the bank’s stock valued at $133,000 after acquiring an additional 34 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of South State Corporation in the first quarter valued at about $197,000. Virginia Retirement Systems ET AL bought a new stake in shares of South State Corporation in the first quarter valued at about $206,000. Finally, Oxford Asset Management bought a new stake in shares of South State Corporation in the first quarter valued at about $223,000. Hedge funds and other institutional investors own 66.71% of the company’s stock.

Shares of South State Corporation (SSB) opened at 83.60 on Thursday. South State Corporation has a 12 month low of $70.75 and a 12 month high of $93.40. The company has a market cap of $2.43 billion, a PE ratio of 21.84 and a beta of 1.08. The stock has a 50 day moving average of $82.26 and a 200-day moving average of $85.68.

South State Corporation (NASDAQ:SSB) last announced its quarterly earnings data on Friday, July 21st. The bank reported $1.18 earnings per share for the quarter, hitting the consensus estimate of $1.18. South State Corporation had a return on equity of 9.15% and a net margin of 20.00%. The company had revenue of $136.61 million during the quarter, compared to analyst estimates of $137.00 million. Equities analysts forecast that South State Corporation will post $4.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 11th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Wednesday, August 9th. South State Corporation’s dividend payout ratio (DPR) is currently 34.11%.

SSB has been the subject of a number of recent research reports. BidaskClub cut shares of South State Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Brean Capital reissued a “hold” rating on shares of South State Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of South State Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, September 2nd. Finally, Keefe, Bruyette & Woods raised shares of South State Corporation from a “market perform” rating to an “outperform” rating and set a $95.00 target price for the company in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $96.50.

TRADEMARK VIOLATION NOTICE: “Great West Life Assurance Co. Can Has $239,000 Holdings in South State Corporation (SSB)” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/09/14/great-west-life-assurance-co-can-has-239000-holdings-in-south-state-corporation-ssb.html.

In related news, CEO Robert R. Hill, Jr. sold 2,831 shares of South State Corporation 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 owns 140,215 shares of the company’s stock, valued at approximately $11,511,651.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joe E. Burns sold 500 shares of South State Corporation 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 completion of the sale, the insider now directly owns 39,947 shares of the company’s stock, valued at approximately $3,331,180.33. The disclosure for this sale can be found here. In the last three months, insiders sold 3,581 shares of company stock valued at $294,408. 2.78% of the stock is currently owned by insiders.

About South State Corporation

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.

Institutional Ownership by Quarter for South State Corporation (NASDAQ:SSB)

Receive News & Ratings for South State Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South State Corporation and related companies with MarketBeat.com's FREE daily email newsletter.