South State Corp. (NASDAQ:SSB) insider Robert R. Hill, Jr. sold 800 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $83.62, for a total transaction of $66,896.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of South State Corp. (NASDAQ:SSB) traded up 0.84% on Friday, reaching $84.40. 6,799 shares of the company’s stock traded hands. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 19.91 and a beta of 0.97. South State Corp. has a 52 week low of $59.19 and a 52 week high of $87.75. The stock’s 50-day moving average price is $75.29 and its 200-day moving average price is $72.57.

South State Corp. (NASDAQ:SSB) last released its quarterly earnings data on Friday, October 21st. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.17 by $0.01. South State Corp. had a net margin of 22.27% and a return on equity of 9.98%. Equities analysts predict that South State Corp. will post $4.55 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Friday, November 11th will be given a $0.32 dividend. The ex-dividend date is Tuesday, November 8th. This is a positive change from South State Corp.’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.53%. South State Corp.’s payout ratio is currently 30.26%.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of South State Corp. by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,668,649 shares of the company’s stock valued at $113,551,000 after buying an additional 65,339 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of South State Corp. by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,063,690 shares of the company’s stock valued at $72,383,000 after buying an additional 66,143 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of South State Corp. by 4.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,022,626 shares of the company’s stock valued at $69,590,000 after buying an additional 47,472 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of South State Corp. by 46.1% in the third quarter. Victory Capital Management Inc. now owns 758,507 shares of the company’s stock valued at $56,918,000 after buying an additional 239,430 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of South State Corp. by 5.1% in the first quarter. Wellington Management Group LLP now owns 723,931 shares of the company’s stock valued at $46,498,000 after buying an additional 35,409 shares during the last quarter. Institutional investors and hedge funds own 69.96% of the company’s stock.

Several equities research analysts recently issued reports on SSB shares. FIG Partners upgraded shares of South State Corp. from a “market-perform” rating to an “outperform” rating in a research report on Thursday, November 3rd. Zacks Investment Research upgraded shares of South State Corp. from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, October 25th.

About South State Corp.

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.

5 Day Chart for NASDAQ:SSB

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