South State (SSB) Getting Somewhat Positive Media Coverage, Accern Reports
Media stories about South State (NASDAQ:SSB) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. South State earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 44.4225929884855 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- South State Corp. is trading above its 50 day moving average : SSB-US : December 20, 2017 (finance.yahoo.com)
- Brokerages Anticipate South State Corporation (SSB) Will Post Quarterly Sales of $152.75 Million (americanbankingnews.com)
- South State (SSB) & Bay Banks of Virginia (BAYK) Critical Contrast (americanbankingnews.com)
- Bay Banks of Virginia (BAYK) versus South State (SSB) Head-To-Head Comparison (americanbankingnews.com)
South State (NASDAQ SSB) traded down $0.75 during mid-day trading on Wednesday, hitting $89.25. 74,521 shares of the company were exchanged, compared to its average volume of 124,218. 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 has a 12-month low of $78.60 and a 12-month high of $94.50. The stock has a market capitalization of $3,317.59, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 2.39 and a beta of 1.09.
A number of analysts have issued reports on SSB shares. BidaskClub lowered shares of South State from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. SunTrust Banks restated a “buy” rating and set a $98.00 target price on shares of South State in a research note on Thursday, October 12th. Brean Capital restated a “hold” rating on shares of South State in a research note on Monday, October 23rd. Finally, Zacks Investment Research upgraded shares of South State from a “sell” rating to a “hold” rating in a research note on Saturday, September 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. South State has a consensus rating of “Hold” and a consensus price target of $97.33.
In other South State news, Director James C. Cherry sold 16,255 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $89.01, for a total value of $1,446,857.55. Following the transaction, the director now directly owns 23,007 shares in the company, valued at $2,047,853.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert R. Horger sold 21,252 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $91.89, for a total transaction of $1,952,846.28. Following the completion of the transaction, the director now owns 75,084 shares in the company, valued at $6,899,468.76. The disclosure for this sale can be found here. Insiders have sold 72,620 shares of company stock worth $6,611,006 over the last 90 days. Insiders own 2.78% of the company’s stock.
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About South State
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.
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