SouthState Corporation – Consensus Indicates Upside Potential of 18.4%

Southern State Corporation with ticker code (SSB) now have 8 analysts covering the stock with the consensus suggesting a buy rating. The target price ranges between 96 and 82, with the average target price standing at 91.44. Given that the stock’s previous close was at 77.21, this would indicate that there is upside potential of 18.4%. The 50-day moving average now stands at 85.01 and the 200-day MA is at 78.97. The company has a market capitalization of $5,876 million. Company website: https://www.southstatebank.com

The potential market capitalization would be $6,959 million based on market consensus.

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SouthState Corporation operates as a bank holding company for SouthState Bank, a National Association which provides a range of personal and business banking services and products. It accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposit, money market accounts, and other term deposits. The company also offers commercial real estate loans, residential real estate loans, commercial and industrial loans, and consumer loans, including auto, boat and personal installment loans. In addition, it provides debit cards, mobile and money transfer products, as well as cash management services including merchant, automated clearing house, safe deposit box, remote deposit capture and cash management services. other treasury services. In addition, the Company offers safe deposit boxes, money orders, electronic transfers, brokerage services and alternative investment products, including annuities, mutual funds and trust and investment management services. assets ; and credit cards, letters of credit and home equity lines of credit. As of December 31, 2021, it served customers at 281 branches in Florida, South Carolina, Alabama, Georgia, North Carolina and Virginia. SouthState Corporation also serves its customers through online, mobile and telephone banking platforms. The company was formerly known as First Financial Holdings and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

Luisa D. Fuller