Media coverage about South State (NASDAQ:SSB) has been trending positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. South State earned a media sentiment score of 0.34 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 43.6535231333092 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Swiss National Bank Has $5.40 Million Stake in South State Co. (SSB) (americanbankingnews.com)
- South Carolina State Guard to help fight prison cellphones (dailymail.co.uk)
- South State Co. (SSB) Shares Sold by Citadel Advisors LLC (americanbankingnews.com)
- South State (SSB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods (americanbankingnews.com)
- South State Co. (SSB) Stake Lifted by UBS Asset Management Americas Inc. (americanbankingnews.com)
Shares of South State (NASDAQ:SSB) opened at $86.70 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3,281.23, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. South State has a fifty-two week low of $78.60 and a fifty-two week high of $94.50.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.52%. The ex-dividend date was Thursday, February 8th. South State’s dividend payout ratio (DPR) is 44.30%.
Several research analysts recently weighed in on the stock. Brean Capital reissued a “hold” rating on shares of South State in a research note on Tuesday, January 23rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $102.00 target price on shares of South State in a research note on Tuesday. BidaskClub raised shares of South State from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. SunTrust Banks reissued a “buy” rating and issued a $107.00 target price on shares of South State in a research note on Wednesday, November 29th. Finally, Zacks Investment Research raised shares of South State from a “hold” rating to a “strong-buy” rating and set a $102.00 target price for the company in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $100.50.
In other news, CEO Robert R. Hill, Jr. sold 8,878 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $89.12, for a total transaction of $791,207.36. Following the completion of the sale, the chief executive officer now owns 110,441 shares in the company, valued at approximately $9,842,501.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Cherry sold 11,507 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $88.52, for a total value of $1,018,599.64. Following the sale, the director now owns 11,500 shares of the company’s stock, valued at approximately $1,017,980. The disclosure for this sale can be found here. Insiders sold a total of 46,493 shares of company stock valued at $4,150,839 in the last 90 days. 2.78% of the stock is owned by company insiders.
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South State 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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