South State Co. (SSB) President John F. Windley Sells 2,028 Shares of Stock
South State Co. (NASDAQ:SSB) President John F. Windley sold 2,028 shares of South State stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $79.74, for a total transaction of $161,712.72. Following the completion of the sale, the president now owns 41,862 shares in the company, valued at approximately $3,338,075.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
South State Co. (NASDAQ:SSB) opened at 85.00 on Tuesday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 20.05 and a beta of 0.97. South State Co. has a 1-year low of $59.19 and a 1-year high of $87.75. The stock has a 50 day moving average of $74.54 and a 200 day moving average of $72.32.
South State (NASDAQ:SSB) last released its quarterly earnings results on Friday, October 21st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.17 by $0.01. South State had a net margin of 22.27% and a return on equity of 9.98%. On average, analysts expect that South State Co. will post $4.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Friday, November 11th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.51%. This is an increase from South State’s previous quarterly dividend of $0.31. South State’s dividend payout ratio is presently 30.26%.
SSB has been the topic of several research reports. FIG Partners raised shares of South State from a “market-perform” rating to an “outperform” rating in a research note on Thursday, November 3rd. Zacks Investment Research raised shares of South State from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Tuesday, October 25th.
A number of institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its position in shares of South State by 3.0% in the second quarter. Advisory Services Network LLC now owns 1,600 shares of the company’s stock worth $109,000 after buying an additional 47 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of South State during the second quarter worth approximately $109,000. Advisor Group Inc. purchased a new position in shares of South State during the second quarter worth approximately $109,000. BNP Paribas Arbitrage SA increased its position in shares of South State by 377.0% in the second quarter. BNP Paribas Arbitrage SA now owns 1,636 shares of the company’s stock worth $111,000 after buying an additional 1,293 shares during the last quarter. Finally, Roberts Glore & Co. Inc. IL purchased a new position in shares of South State during the third quarter worth approximately $206,000. Institutional investors own 69.96% of the company’s stock.
About South State
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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