Media stories about South State Corporation (NASDAQ:SSB) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. South State Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.2632858194899 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of South State Corporation (NASDAQ SSB) opened at 80.40 on Friday. The firm has a 50-day moving average of $83.96 and a 200 day moving average of $86.49. South State Corporation has a 12-month low of $70.75 and a 12-month high of $93.40. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 21.00 and a beta of 1.09.
South State Corporation (NASDAQ:SSB) last posted its quarterly earnings data on Friday, July 21st. The bank reported $1.18 EPS for the quarter, meeting analysts’ consensus estimates of $1.18. The company had revenue of $136.61 million for the quarter, compared to analyst estimates of $137 million. South State Corporation had a net margin of 20.00% and a return on equity of 9.15%. Equities analysts forecast that South State Corporation will post $4.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 11th were paid a $0.33 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $1.32 dividend on an annualized basis and a yield of 1.64%. South State Corporation’s dividend payout ratio is presently 34.11%.
A number of equities analysts have recently issued reports on SSB shares. Zacks Investment Research raised South State Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. BidaskClub raised South State Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Stephens reaffirmed a “hold” rating on shares of South State Corporation in a research report on Friday, May 12th. Keefe, Bruyette & Woods raised South State Corporation from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research report on Tuesday, July 25th. Finally, Brean Capital reissued a “hold” rating on shares of South State Corporation in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $96.50.
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In other news, CEO Robert R. Hill, Jr. sold 5,727 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $85.27, for a total transaction of $488,341.29. Following the transaction, the chief executive officer now directly owns 137,269 shares in the company, valued at $11,704,927.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Keith S. Rainwater sold 300 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $86.10, for a total transaction of $25,830.00. Following the transaction, the insider now owns 5,328 shares in the company, valued at $458,740.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,265 shares of company stock worth $873,954. 2.78% of the stock is currently owned by company 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.
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