South State Co. (NASDAQ:SSB) insider Keith S. Rainwater sold 315 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $91.00, for a total transaction of $28,665.00. Following the completion of the transaction, the insider now owns 5,013 shares in the company, valued at $456,183. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

South State Co. (NASDAQ SSB) opened at $87.35 on Thursday. The firm has a market cap of $3,198.09, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.88 and a beta of 1.05. South State Co. has a 12-month low of $78.60 and a 12-month high of $94.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.93 and a quick ratio of 0.92.

South State (NASDAQ:SSB) last released its earnings results on Tuesday, January 23rd. The bank reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.11. The business had revenue of $151.37 million during the quarter, compared to the consensus estimate of $147.91 million. South State had a net margin of 15.22% and a return on equity of 9.04%. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. equities analysts forecast that South State Co. will post 5.78 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, February 8th. South State’s dividend payout ratio is currently 44.30%.

Several equities research analysts have recently issued reports on SSB shares. Brean Capital reissued a “hold” rating on shares of South State in a research report on Tuesday, January 23rd. BidaskClub raised shares of South State from a “strong sell” rating to a “sell” rating in a research report on Monday. SunTrust Banks reissued a “buy” rating and set a $108.00 price objective on shares of South State in a research report on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of South State from a “hold” rating to a “strong-buy” rating and set a $102.00 price objective for the company in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. South State has a consensus rating of “Hold” and a consensus price target of $98.75.

A number of hedge funds have recently made changes to their positions in SSB. Victory Capital Management Inc. lifted its stake in South State by 23.1% in the third quarter. Victory Capital Management Inc. now owns 1,070,254 shares of the bank’s stock valued at $96,376,000 after acquiring an additional 201,107 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in South State by 46.6% in the second quarter. Wasatch Advisors Inc. now owns 521,307 shares of the bank’s stock valued at $44,676,000 after acquiring an additional 165,801 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in South State by 37.8% in the second quarter. Westwood Holdings Group Inc. now owns 505,381 shares of the bank’s stock valued at $43,269,000 after acquiring an additional 138,626 shares during the last quarter. BlackRock Inc. lifted its stake in South State by 4.9% in the second quarter. BlackRock Inc. now owns 1,991,637 shares of the bank’s stock valued at $170,684,000 after acquiring an additional 92,562 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C acquired a new stake in South State in the third quarter valued at $8,013,000. Hedge funds and other institutional investors own 56.16% of the company’s stock.

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South State Company Profile

South State Corporation (NASDAQ: SSB) is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company’s primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years.

Insider Buying and Selling by Quarter for South State (NASDAQ:SSB)

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