SouthState Corporation – Consensus points to potential upside of 14.7%


South State Corporation with ticker code (SSB) now have 7 analysts covering the stock with consensus suggesting a rating of Buy. The target price is between 110 and 88, when we calculate the average target price we see 100.14. With the shares previous close at 87.27, this would suggest that there is potential upside of 14.7%. The 50-day MA is 82.39 and the 200-moving average is now at 81.64. The company’s market capitalization is $6,808 million. You can visit the Company’s website at https://www.southstatebank.com

The potential market cap would be $7,812 million based on the market consensus.

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SouthState Corporation functions as the bank holding company of SouthState Bank, National Association, which provides a range of banking services and products to individuals and businesses. Checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposit, money market accounts and other time deposits are accepted. 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. It also offers debit card, mobile and money transfer products and treasury management services including merchant, automated clearing house, safe deposit box, remote deposit capture and other treasury services. In addition, the Company offers safe deposit boxes, money orders, remittances, brokerage services and alternative investment products including annuities, mutual funds, and trustee and wealth management services; and credit cards, letters of credit, and home equity lines of credit. As of December 31, 2021, it served customers through 281 stores 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.

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