SouthState Corporation (NYSE: SSB) has reported earnings for its first fiscal quarter (ending March 31) of $1.51 versus $1.84 for the same period a year ago. E.P.S. were $6.16 for the latest four quarters through March 31 versus $7.08 for the same period a year ago.
Recent Price Action
SouthState Corporation (NYSE: SSB) stock closed at $78.96 on 4/25/24 after a modest decline of -1.5%. Moreover, trading volume in this decline was above average at 149% of normal. The stock has risen 3.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SSB is expected to continue to be a Value Builder.
SouthState has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. SouthState has a neutral Appreciation Score of 60 but a good Power Rating of 80, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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