SouthState Stock: A Deep Dive Into Analyst Perspectives (3 Ratings)

Ratings for SouthState SSB were provided by 3 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $91.0, with a high estimate of $102.00 and a low estimate of $78.00. Marking an increase of 26.39%, the current average surpasses the previous average price target of $72.00.

Interpreting Analyst Ratings: A Closer Look

The analysis of recent analyst actions sheds light on the perception of SouthState by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SouthState. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of SouthState compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of SouthState's stock. This comparison reveals trends in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into SouthState's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on SouthState analyst ratings.

Unveiling the Story Behind SouthState

SouthState Corp is a United States-based bank holding company. It provides a wide range of banking services and products to its customers through a wholly-owned bank subsidiary, South State Bank. The Bank provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans through financial centers in Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. These services include demand, time and savings deposits, lending and credit card servicing, ATM processing, and wealth management and trust services.

Understanding the Numbers: SouthState's Finances

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Decline in Revenue: Over the 3 months period, SouthState faced challenges, resulting in a decline of approximately -1.65% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: SouthState's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 28.99%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): SouthState's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.36%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): SouthState's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.28% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: SouthState's debt-to-equity ratio is below the industry average at 0.07, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Basics of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.