Here’s The Case for and Against South State Corporation (SSB)

On Monday, shares of South State Corporation (NASDAQ:SSB) marked $63.93 per share versus a previous $60.27 closing price. With having a 6.07% gain, an insight into the fundamental values of South State Corporation, investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. SSB showed a fall of -26.31% within its YTD performance, with highs and lows between $40.42 – $88.10 during the period of 52 weeks, compared to the simple moving average of -10.52% in the period of the last 200 days.

DA Davidson equity researchers changed the status of South State Corporation (NASDAQ: SSB) shares from “Neutral” to a “Buy” rating in the report published on April 24th, 2020. Other analysts, including DA Davidson, also published their reports on SSB shares. DA Davidson repeated the rating from the previous report, marking SSB under “Neutral” rating, in the report published on February 28th, 2020. Additionally, SSB shares got another “Equal-Weight” rating from Stephens. On the other hand, FIG Partners Downgrade the “Market Perform” rating for SSB shares, as published in the report on July 31st, 2018. Keefe Bruyette seems to be going bullish on the price of SSB shares, based on the price prediction for SSB. Another “Neutral” rating came from Piper Jaffray, providing a prediction for price target according to the report published in October 5th, 2017.

South State Corporation (SSB) Analysis

The present dividend yield for SSB owners is set at 0.03, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with South State Corporation, the company needs to provide a healthy cash flow, currently at the value of 19.53. In addition, the growth of sales from quarter to quarter is recording 3.10%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of South State Corporation (SSB) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 7.10% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while SSB is currently recording an average of 349.07K in volumes. The volatility of the stock on monthly basis is set at 6.10%, while the weekly volatility levels are marked at 7.54%with 20.58% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $63.00, indicating growth from the present price of $63.93, which can represent yet another valuable research and analysis points that can help you decide whether to invest in SSB or pass.

What to Look for When Analyzing South State Corporation Shares?

South State Corporation (SSB) is based in the USA and it represents one of the well-known company operating with Financial sector. If you wish to compare SSB shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 13.22 for South State Corporation, while the value 12.99 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 4.84 is supported by the yearly EPS growth of 10.80%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 2.10%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 82.70% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in SSB Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in SSB in the recent period. That is how The Vanguard Group, Inc. now has an increase position in SSB by 2.32% in the first quarter, owning 3.09 million shares of SSB stocks, with the value of $178.61 million after the purchase of an additional 70,007 shares during the last quarter. In the meanwhile, Wellington Management Co. LLP also increased their stake in SSB shares changed 1.05% in the first quarter, which means that the company now owns 2.41 million shares of company, all valued at $139.62 million after the acquisition of additional 25,039 shares during the last quarter.

Select Equity Group LP acquired a new position in South State Corporation during the first quarter, with the value of $66.13 million, and EARNEST Partners LLC increased their stake in the company’s shares by 2.55% in the first quarter, now owning 27,608 shares valued at $64.26 million after the acquisition of the additional 1.11 million shares during the last quarter. At the present, 82.70% of SSB shares are in the ownership of institutional investors.