South State Corp (NASDAQ:SSB) insider Joe E. Burns sold 4,261 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $69.24, for a total transaction of $295,031.64. Following the completion of the sale, the insider now owns 37,590 shares of the company’s stock, valued at approximately $2,602,731.60. The transaction was disclosed in a filing with the SEC, which is available through this link.

NASDAQ SSB opened at $68.64 on Wednesday. South State Corp has a 1 year low of $61.26 and a 1 year high of $94.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $2.51 billion, a PE ratio of 14.15 and a beta of 1.07.

South State (NASDAQ:SSB) last posted its earnings results on Monday, October 22nd. The bank reported $1.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.11). South State had a return on equity of 8.32% and a net margin of 19.08%. The firm had revenue of $160.32 million during the quarter, compared to the consensus estimate of $167.07 million. During the same quarter in the previous year, the company earned $1.22 EPS. Analysts forecast that South State Corp will post 5.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Friday, November 9th were issued a $0.36 dividend. This is an increase from South State’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Thursday, November 8th. South State’s payout ratio is 29.69%.

Several research firms have recently issued reports on SSB. BidaskClub upgraded shares of South State from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Brean Capital reiterated a “hold” rating on shares of South State in a research note on Monday, July 30th. FIG Partners lowered shares of South State from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 31st. Zacks Investment Research lowered shares of South State from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $81.00 target price on shares of South State in a research note on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. South State has an average rating of “Hold” and a consensus price target of $88.40.

Large investors have recently modified their holdings of the stock. UBS Group AG boosted its holdings in shares of South State by 109.3% in the 1st quarter. UBS Group AG now owns 1,877 shares of the bank’s stock worth $160,000 after buying an additional 980 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of South State in the 2nd quarter worth about $232,000. First National Bank of Omaha purchased a new position in shares of South State in the 3rd quarter worth about $240,000. Glenmede Trust Co. NA boosted its holdings in shares of South State by 59.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,508 shares of the bank’s stock worth $287,000 after buying an additional 1,313 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of South State by 46.6% in the 2nd quarter. Sei Investments Co. now owns 3,783 shares of the bank’s stock worth $327,000 after buying an additional 1,202 shares during the last quarter. 76.39% of the stock is currently owned by institutional investors.

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About South State

South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, trust and wealth management, and consumer finance loans. The company accepts demand deposits, savings deposits, interest-bearing transaction accounts, certificates of deposit, and other time deposits; and offers lending and credit card, ATM processing, and wealth management and trust services.

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

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