SouthState Bank (NYSE:SSB) Rating Lowered to “Sell” at Wall Street Zen

SouthState Bank (NYSE:SSB) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other brokerages have also recently issued reports on SSB. Truist Financial lowered their price objective on shares of SouthState Bank from $110.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Barclays cut their target price on shares of SouthState Bank from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Fundamental Research set a $120.00 target price on shares of SouthState Bank in a report on Wednesday, July 1st. TD Cowen decreased their price target on shares of SouthState Bank from $117.00 to $114.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Finally, UBS Group downgraded SouthState Bank from a “buy” rating to a “neutral” rating and set a $108.00 price objective for the company. in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

SouthState Bank Trading Down 0.0%

Shares of SouthState Bank stock opened at $106.00 on Friday. The business has a fifty day simple moving average of $97.97 and a 200-day simple moving average of $97.77. SouthState Bank has a fifty-two week low of $84.47 and a fifty-two week high of $108.46. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 11.15 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11.

SouthState Bank (NYSE:SSB) last released its earnings results on Thursday, July 23rd. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. SouthState Bank had a return on equity of 10.67% and a net margin of 25.09%.The firm had revenue of $672.67 million for the quarter, compared to analyst estimates of $676.83 million. During the same period in the previous year, the company earned $2.30 earnings per share. On average, equities analysts forecast that SouthState Bank will post 9.51 EPS for the current fiscal year.

Insider Activity at SouthState Bank

In other news, Director David R. Brooks sold 14,300 shares of SouthState Bank stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $98.39, for a total value of $1,406,977.00. Following the transaction, the director directly owned 12,700 shares of the company’s stock, valued at $1,249,553. This trade represents a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SouthState Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in SouthState Bank by 100.0% during the 1st quarter. Root Financial Partners LLC now owns 420 shares of the company’s stock valued at $39,000 after purchasing an additional 210 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of SouthState Bank in the second quarter worth $50,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of SouthState Bank in the third quarter worth $51,000. GHP Investment Advisors Inc. acquired a new stake in shares of SouthState Bank in the first quarter worth $52,000. Finally, Danske Bank A S purchased a new position in shares of SouthState Bank during the third quarter valued at $59,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Key Headlines Impacting SouthState Bank

Here are the key news stories impacting SouthState Bank this week:

• Positive Sentiment: SouthState reported Q2 EPS of $2.35, ahead of the $2.31 consensus, signaling stronger-than-expected bottom-line performance. SouthState Bank Corporation Reports Second Quarter 2026 Results, Declares an Increase in the Quarterly Cash Dividend
• Positive Sentiment: The company raised its quarterly dividend to $0.66 per share from $0.60, a 10% increase, which can signal confidence in capital strength and future cash generation. SouthState Bank Corporation Reports Second Quarter 2026 Results, Declares an Increase in the Quarterly Cash Dividend
• Positive Sentiment: Management said it expects net interest margin of about 3.75% to 3.80% through 2027 and is targeting mid- to high single-digit loan growth, which suggests stable earnings power and continued balance-sheet expansion. SouthState signals stable 3.75%-3.80% NIM through 2027 while targeting mid- to high single-digit loan growth
• Neutral Sentiment: Revenue came in slightly below expectations at about $672.7 million versus $676.8 million estimated, with weaker net interest income offset by growth in non-interest income, loans, and deposits. SouthState Q2 Earnings Beat Estimates, Revenues Miss on Lower NII
• Neutral Sentiment: The Q2 earnings call transcript and related market coverage indicate investors are weighing the strong earnings beat against the revenue miss and NII pressure, keeping the overall reaction mixed but constructive. SouthState Bank Corporation (SSB) Q2 2026 Earnings Call Transcript

SouthState Bank Company Profile

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.