South State Corp. (NASDAQ:SSB) Director Alton Clarence Phillips sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $86.00, for a total value of $86,000.00. Following the transaction, the director now directly owns 12,467 shares of the company’s stock, valued at approximately $1,072,162. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alton Clarence Phillips also recently made the following trade(s):

  • On Wednesday, November 16th, Alton Clarence Phillips sold 1,000 shares of South State Corp. stock. The shares were sold at an average price of $83.46, for a total value of $83,460.00.
  • On Thursday, November 10th, Alton Clarence Phillips sold 2,000 shares of South State Corp. stock. The shares were sold at an average price of $79.84, for a total value of $159,680.00.

Shares of South State Corp. (NASDAQ:SSB) opened at 87.20 on Friday. The company has a 50 day moving average price of $76.59 and a 200 day moving average price of $73.08. The firm has a market cap of $2.09 billion, a PE ratio of 20.57 and a beta of 0.97. South State Corp. has a 12-month low of $59.19 and a 12-month high of $87.75.

South State Corp. (NASDAQ:SSB) last issued its quarterly earnings results on Friday, October 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.01. South State Corp. had a return on equity of 9.98% and a net margin of 22.27%. On average, analysts forecast that South State Corp. will post $4.55 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 11th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, November 8th. This is a positive change from South State Corp.’s previous quarterly dividend of $0.31. South State Corp.’s payout ratio is currently 30.26%.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake 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 worth $113,551,000 after buying an additional 65,339 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $72,383,000 after buying an additional 66,143 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake 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 worth $69,590,000 after buying an additional 47,472 shares in the last quarter. Victory Capital Management Inc. raised its stake 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 worth $56,918,000 after buying an additional 239,430 shares in the last quarter. Finally, Channing Capital Management LLC raised its stake in shares of South State Corp. by 8.9% in the third quarter. Channing Capital Management LLC now owns 637,809 shares of the company’s stock worth $47,861,000 after buying an additional 52,379 shares in the last quarter. 69.63% of the stock is currently owned by institutional investors.

SSB has been the subject of a number of research analyst reports. FIG Partners raised South State Corp. from a “market-perform” rating to an “outperform” rating in a report on Thursday, November 3rd. Zacks Investment Research raised South State Corp. from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Tuesday, October 25th.

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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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