Q3 Earnings Forecast for SouthState Issued By DA Davidson

SouthState Co. (NASDAQ:SSB) – Equities researchers at DA Davidson issued their Q3 2025 EPS estimates for SouthState in a research report issued on Monday, July 28th. DA Davidson analyst G. Tenner forecasts that the bank will post earnings of $2.25 per share for the quarter. DA Davidson has a “Buy” rating and a $117.00 price target on the stock. The consensus estimate for SouthState’s current full-year earnings is $8.12 per share. DA Davidson also issued estimates for SouthState’s FY2025 earnings at $8.35 EPS and FY2026 earnings at $9.37 EPS.

SouthState (NASDAQ:SSB) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $2.30 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.32. SouthState had a return on equity of 9.62% and a net margin of 22.38%. The business had revenue of $840.50 million during the quarter, compared to the consensus estimate of $645.12 million. During the same period in the prior year, the company earned $1.74 earnings per share.

Other equities analysts have also issued research reports about the company. Barclays reissued an “overweight” rating and set a $120.00 price target (up previously from $117.00) on shares of SouthState in a report on Monday. Keefe, Bruyette & Woods lowered their target price on SouthState from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 6th. Citigroup reissued a “buy” rating and issued a $117.00 target price (up previously from $113.00) on shares of SouthState in a report on Monday. Hovde Group lifted their target price on shares of SouthState from $97.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, July 25th. Finally, Raymond James Financial set a $110.00 price target on shares of SouthState in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $115.27.

SouthState Trading Down 1.0%

Shares of SouthState stock opened at $96.08 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $9.75 billion, a P/E ratio of 13.80 and a beta of 0.77. SouthState has a 1 year low of $77.74 and a 1 year high of $114.26. The company’s fifty day moving average is $92.00 and its two-hundred day moving average is $93.37.

Institutional Trading of SouthState

A number of institutional investors have recently bought and sold shares of SSB. Tributary Capital Management LLC increased its position in shares of SouthState by 4.1% in the second quarter. Tributary Capital Management LLC now owns 14,476 shares of the bank’s stock valued at $1,332,000 after buying an additional 566 shares in the last quarter. Ethic Inc. grew its stake in SouthState by 49.6% in the 2nd quarter. Ethic Inc. now owns 4,878 shares of the bank’s stock valued at $444,000 after acquiring an additional 1,617 shares during the last quarter. Liberty One Investment Management LLC grew its stake in SouthState by 8.9% in the 2nd quarter. Liberty One Investment Management LLC now owns 8,953 shares of the bank’s stock valued at $824,000 after acquiring an additional 731 shares during the last quarter. Stephens Inc. AR increased its holdings in SouthState by 3.2% during the 2nd quarter. Stephens Inc. AR now owns 4,805 shares of the bank’s stock valued at $442,000 after acquiring an additional 151 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of SouthState in the second quarter valued at about $1,859,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SouthState

In other news, Director Janet P. Froetscher purchased 3,338 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were acquired at an average price of $97.31 per share, for a total transaction of $324,820.78. Following the acquisition, the director directly owned 8,294 shares in the company, valued at approximately $807,089.14. The trade was a 67.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

SouthState Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 8th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from SouthState’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, August 8th. SouthState’s dividend payout ratio (DPR) is presently 35.77%.

SouthState Company Profile

SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services.