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 (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.

South State (NASDAQ:SSB) last released its earnings results on Tuesday, October 24th. The bank reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.02. South State had a net margin of 20.48% and a return on equity of 8.85%. The firm had revenue of $136.36 million for the quarter, compared to analyst estimates of $139.85 million. During the same period in the prior year, the firm earned $1.18 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. sell-side analysts forecast that South State will post 4.72 earnings per share for the current fiscal year.

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.

WARNING: “South State (SSB) Getting Somewhat Positive Media Coverage, Accern Reports” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at

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.

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

Receive News & Ratings for South State Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South State and related companies with's FREE daily email newsletter.