South State Corporation (SSB) Receives Media Sentiment Rating of 0.10
News articles about South State Corporation (NASDAQ:SSB) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. South State Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 44.5064238830165 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of South State Corporation (NASDAQ:SSB) traded up $0.40 during midday trading on Friday, hitting $86.50. The company’s stock had a trading volume of 24,477 shares, compared to its average volume of 121,615. The company has a market capitalization of $2,520.00, a PE ratio of 18.55, a PEG ratio of 2.30 and a beta of 1.09. South State Corporation has a 12 month low of $76.25 and a 12 month high of $93.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.92 and a current ratio of 0.93.
South State Corporation (NASDAQ:SSB) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.02. The company had revenue of $136.36 million during the quarter, compared to analysts’ expectations of $139.85 million. South State Corporation had a return on equity of 8.85% and a net margin of 20.48%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the business earned $1.18 earnings per share. equities analysts forecast that South State Corporation will post 4.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.53%. South State Corporation’s dividend payout ratio (DPR) is presently 33.85%.
Several research analysts recently commented on SSB shares. BidaskClub raised South State Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $98.00 target price on shares of South State Corporation in a research report on Thursday, October 12th. Zacks Investment Research raised South State Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Brean Capital reaffirmed a “hold” rating on shares of South State Corporation in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $90.00 target price on shares of South State Corporation in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. South State Corporation has an average rating of “Hold” and an average price target of $95.67.
In related news, Director Robert R. Horger sold 21,252 shares of South State Corporation stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $91.89, for a total value of $1,952,846.28. Following the completion of the sale, the director now directly owns 75,084 shares in the company, valued at $6,899,468.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joe E. Burns sold 500 shares of South State Corporation stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $83.39, for a total value of $41,695.00. Following the completion of the sale, the insider now owns 39,947 shares of the company’s stock, valued at $3,331,180.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,688 shares of company stock valued at $4,798,586. 2.78% of the stock is currently owned by corporate insiders.
South State Corporation Company Profile
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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