<div id="readability-page-1"><p><span>SouthState (NASDAQ:SSB - Get Free Report)</span>'s stock had its &#34;overweight&#34; rating reiterated by analysts at Stephens in a report issued on Friday,Benzinga reports. They presently have a $130.00 price target on the bank's stock. Stephens' price objective would suggest a potential upside of 41.62% from the stock's previous close.</p><ul><li>Want Diversified Exposure in the Regional Banks? Try These ETFs</li></ul><p>Several other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette &amp; Woods  restated an &#34;outperform&#34; rating and issued a $120.00 price target (up previously from $115.00) on shares of SouthState in a research report on Thursday, November 7th. Hovde Group cut shares of SouthState from an &#34;outperform&#34; rating to a &#34;market perform&#34; rating in a research report on Wednesday, November 13th. UBS Group assumed coverage on shares of SouthState in a report on Tuesday, December 17th. They issued a &#34;buy&#34; rating and a $132.00 price target for the company. Finally, Citigroup raised SouthState from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and boosted their price objective for the stock from $106.00 to $128.00 in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and seven have issued  a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $115.44.</p><p><b>Get Our Latest Analysis on SSB</b></p><h2>SouthState Price Performance</h2><ul><li>3 Mid-cap Stocks Ready to Break Out</li></ul><p>NASDAQ SSB traded down $0.57 during trading on Friday, hitting $91.80. 27,186 shares of the stock traded hands, compared to its average volume of 792,252. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. SouthState has a 12-month low of $70.68 and a 12-month high of $114.26. The firm has a 50-day simple moving average of $100.67 and a 200-day simple moving average of $100.72. The company has a market capitalization of $9.30 billion, a P/E ratio of 13.23 and a beta of 0.68. </p><h2>Insider Buying and Selling</h2><p>In related news, Director G Stacy Smith acquired 3,100 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $93.60 per share, with a total value of $290,160.00. Following the transaction, the director now directly owns 36,779 shares in the company, valued at approximately $3,442,514.40. This represents a 9.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO William E. V. Matthews sold 6,531 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $108.29, for a total transaction of $707,241.99. Following the transaction, the chief financial officer now directly owns 34,107 shares in the company, valued at approximately $3,693,447.03. This trade represents a 16.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders. </p><h2>Institutional Inflows and Outflows</h2><p>A number of institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in shares of  SouthState by 24.2% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the bank's stock valued at $51,000 after purchasing an additional 99 shares in the last quarter.  Louisiana State Employees Retirement System lifted its holdings in  SouthState by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the bank's stock worth $2,109,000 after buying an additional 100 shares during the period.  Commonwealth Equity Services LLC boosted its position in  SouthState by 1.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 9,537 shares of the bank's stock valued at $949,000 after purchasing an additional 112 shares in the last quarter.  Bragg Financial Advisors Inc boosted its holdings in shares of  SouthState by 4.3% in the 4th quarter. Bragg Financial Advisors Inc now owns 2,776 shares of the bank's stock valued at $276,000 after buying an additional 115 shares in the last quarter.  Finally, CIBC Asset Management Inc raised its stake in shares of  SouthState by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 2,324 shares of the bank's stock worth $231,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own  89.76% of the company's stock. </p><h2>SouthState Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than SouthState</li><li>What is the Hang Seng index?  </li><li>These 3 Iconic Brands Just Announced Bigger Dividend Payouts</li><li>How Investors Can Find the Best Cheap Dividend Stocks</li><li>Zscaler: Bullish Pressure Builds, Rapid Price Increase Expected</li><li>What is a support level?</li><li>4 EV Stocks Facing Uncertainty—Which Ones Will Survive?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1NC?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1NC"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in SouthState Right Now?</h2><p>Before you consider SouthState, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SouthState wasn't on the list.</p><p>While SouthState currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Stephens has reiterated an "overweight" rating for SouthState (NASDAQ:SSB) with a target price of $130.00, suggesting a potential upside of 41.62% from its previous close. Other analysts have also provided ratings, with a consensus rating of "Moderate Buy" and a price target of $115.44. SouthState's stock traded at $91.80, with a market cap of $9.30 billion. Recent insider trading includes a purchase by Director G Stacy Smith and a sale by CFO William E. V. Matthews. Institutional investors hold 89.76% of the company's stock.</p>

Stephens Reiterates "Overweight" Rating for SouthState (NASDAQ:SSB)