SouthState Company (NASDAQ: SSB), which seven different brokerages currently cover, has been given an average rating of “Moderate Buy,” as reported by Bloomberg. Five market analysts have recommended that investors buy the stock, one recommended that investors sell it, and another recommended that investors keep holding on to it.
Greg A.
Lapointe, an employee of SouthState who is considered an insider, sold 630 shares of the company’s stock on February 22.
This news comes as part of other recent South State information. Ye.commastmastmastmastmastmastmastmastmastmas, and.
After the completion of the transaction, the company insider now directly owns 24,854 shares of the company, which have a value of $2,005,469.26. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website.
Additionally, Greg A.
Lapointe, an employee of the company, sold 630 shares of the company’s stock on Wednesday, February 22.
This information was included in a separate piece of news.
The cost of purchasing all of the shares totaled $50,834.70, which works out to a price of $80.69 per share on average.
After the completion of the transaction, the business insider will directly own 24,854 shares of the company’s stock, which have a value of approximately $2,005,469.26.
These shares were previously owned indirectly by the business insider. You will be taken to a legal file submitted to the SEC if you click on the link we provided, where you will find additional information regarding the sale.
Additionally, on Friday, March 10, the company director G. Ruffner Page Jr., purchased 14,000 shares of the company’s stock.
The total value of one million, four hundred and fifty thousand dollars worth of shares were purchased for $71.75 each, making the average cost per share that amount.
Because of the transaction, the director now owns 72,963 shares with a combined value of $5,235,095.25. You should be able to locate the disclosure concerning this transaction in the following location: Insiders of a company have sold 122,836 shares of company stock over the past three months, bringing in a total of $9,974,384 for their efforts. 1.88 company insiders own a percent of the total shares currently outstanding.
Many analysts and market researchers have been giving their thoughts on the SSB stock recently.
In a report distributed on February 1, Truist Financial lowered both the “buy” rating that they had previously assigned to SouthState and the $96.00 price target that they had set for the stock to $91.00. On Wednesday, the UBS Group published a research report on their findings, which marked the restart of their coverage of the South American market.
The market researchers have given the company a “neutral” rating, and they anticipate that the share price will reach $79 shortly.
In a report published on Wednesday regarding SouthState’s stock, StockNews.com rated the company’s stock as a “sell,” which is a significant downgrade from the previous recommendation of “hold.” Keefe, Bruyette & Woods decreased its price target on SouthState from $110.00 to $100.00 in a research note that was published on January 31.
The note was about the brokerage firm’s decision to lower its price target on SouthState.
Despite this, they did not alter the “outperform” rating they had previously assigned to the company’s stock.
In a research report released on Monday, January 30, Raymond James announced that they have finally decreased their price objective for South State, bringing it down from $98.00 to $95.00.
Despite this modification, Raymond James has not altered their rating of the company from “outperform” to any other.
In the most recent few months, several hedge funds have made alterations to any additional considerations.s to the amount of SSB stock held in their portfolios. Vanguard Group INC increased the amount of SouthState stock that is owned by 3.7% over the a.n an an an an an an an an a.
In the first three months of 2018, BlackRock INC increased the amount of SouthState stock owned by 3.6%, bringing the total to 100%.
BlackRock INC now owns 6,329,638 shares of the bank’s stock after making an additional purchase of 220,760 shares during the period in question.
The stock is currently valued at $516,435,000.
During the first three months of 2018, Capital Research Global Investors saw a rise of 30.9% in the value of Dakotaeir’s investment in South State. Capital Research Global Investments now owns 4,051,286 shares of the bank’s stock following the acquisition of an additional 955,920 shares.
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And After making an additional purchase of 183,939 shares during the period in question, State Street Corp. now has a total of 2,812,683 shares of the bank’s stock, which are now valued at $229,487,000.
This brings the total number of shares owned by State Street Corp.
To 2,812,683.
As a final point of interest, it should be mentioned that during the quarter that ended on December 31, Victory Capital Management INC increased its holdings in South Dakota by 0.3%. Victory Capital Management INC now owns 2,648,814 shares of the bank’s stock, which have a combined value of $202,263,000 after purchasing an additional 7,647 shares during the most recent period.
This brings the total number of shares owned by the company to 2,648,814.
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When trading started on Thursday, a share of SouthState was $73.73, an all-time high.
The stock’s moving average over the past 50 days comes in at $79.29; over the past 200 days, it averages $81.42. SouthState reached an all-time high of $91.74 in one year, while its all-time low was $66.56 in that same period.
The debt-to-equity ratio, the current ratio, and the quick ratio all have the same value of 0.85.
All three ratios share this value.
The company’s market capitalization is currently valued at $5.59 billion, its PE ratio is 11.19, and its beta is 0.81.
On January 27, the most recent earnings report for SouthState (NASDAQ: SSB) was made public.
The report was for the previous quarter.
The bank reported quarterly profits of $1.90, $0.16 less than the average projection of $2.06 for the period. SouthState had a return on equity of 10.56 percent, and the company’s net margin was 29.01 percent.
The actual revenue for the quarter was $459.40 million, which is significantly higher than the consensus prediction of $447.26 million in revenue for the period.
The company had a profit per share of $1.59 during the same period the year before when the same period was compared.
During the period in question, the company’s quarterly revenue rose at a rate that was 31.3% higher than it was the previous year.
The projections of market analysts indicate that SouthState will bring in $8.12 worth of profits per share during the current fiscal year.