South State NASDAQ SSB reaches 52-week high of $ 87.39: South State Corp (NASDAQ: SSB) reached a new 52-week high during trading on Wednesday. The company traded as high as $ 87.39 and last time traded at $ 87.21, with a volume of 3297 shares held. The stock had previously closed at $ 87.22.

A number of research analysts have recently joined the firm. Stephens upgraded the state of South from a "low weight" rating to an "equal weight" rating in a research note on Monday, November 4th. BidaskClub raised shares of South State from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. SunTrust Banks set a $ 88.00 target price on shares of South State and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, ValuEngine boosted shares of South State from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. South State presently has a consensus rating of "Hold" and an average target price of $ 76.67.

The company has a market capitalization of $ 2.94 billion, a PE ratio of 15.85 and a beta of 1.34. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt / equity ratio of 0.35. The company has a 50-day moving average price of $ 82.75 and a two-day moving average price of $ 76.70.

South State NASDAQ SSB reaches 52-week high

South State (NASDAQ: SSB) last announced its quarterly earnings results on Monday, October 28th. The bank reported $ 1.49 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $ 1.43 by $ 0.06. South State had a return on capital of 8.22% and a net margin of 25.53%. The firm had revenue of $ 164,960,000 for the quarter, compared to analysts ’expectations of $ 163,790,000. During the same period last year, the business reported earnings of $ 1.33 per share. The company's revenue increased 2.9% year over year. As a group, equities analysts anticipate that South State Corp will post 5.56 EPS for the current fiscal year.

In related news, Director James W. Roquemore sold 4,791 shares of the company’s stock in a transaction that happened on Wednesday, September 25th. The shares were sold at an average price of $ 76.15, for a total value of $ 364,834.65. Following the transaction, the director now directly owns 37,515 shares in the company, valued at $ 2,856,767.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC's web page. Also, insider Keith S. Rainwater sold 519 shares of the company’s stock in a transaction that happened on Wednesday, November 6th. The stock was sold at an average price of $ 82.00, for a total transaction of $ 42,558.00. Following the completion of the transaction, the insider now owns 6,211 shares in the company, valued at $ 509,302. The disclosure of this sale can be found here. 2.05% of the stock is owned by people of the company.

A number of large investors have recently modified their holdings of the company. Evoke Wealth LLC purchased a new stake in South State in the third quarter worth approximately $ 26,000. Ladenburg Thalmann Financial Services Inc raised its stake in shares of South State to 35.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 763 shares of the bank’s stock valued at $ 57,000 after buying an additional 201 shares in the last quarter. Cwm LLC lifted its stake in shares of South State by 5,404.8% in the third quarter. Cwm LLC now owns 1,156 shares of the bank’s stock valued at $ 87,000, after buying an additional 1,135 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of South State during the third quarter valued at $ 165,000. Finally, Jacobs Levy Equity Management Inc bought a new position in shares of South State during the second quarter valued at $ 217,000. 79.13% of the stock is owned by hedge funds and other institutional investors.

Southern State Company Profile (NASDAQ: SSB)

South State Corporation operates as the South State Bank banking group of companies offering a range of retail and commercial banking, mortgage loan services, trust and equity management services, and finance loans.