South State Corp

Company Profile

South State Corp had its IPO on 1997-01-28 under the ticker symbol SSB.

The company operates in the Financial Services sector and Banks-Regional industry. South State Corp has a staff strength of 5,162 employees.

Stock update

Shares of South State Corp opened at $69.79 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $69.48 - $71.01, and closed at $70.36.

This is a +1.03% increase from the previous day's closing price.

A total volume of 203,214 shares were traded at the close of the day’s session.

In the last one week, shares of South State Corp have slipped by -5.96%.

South State Corp's Key Ratios

South State Corp has a market cap of $5.29 billion, indicating a price to book ratio of 1.179 and a price to sales ratio of 3.7618.

In the last 12-months South State Corp’s revenue was $1.64 billion with a gross profit of $1.56 billion and an EBITDA of $0. The EBITDA ratio measures South State Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, South State Corp’s operating margin was 47.25% while its return on assets stood at 1.18% with a return of equity of 10.45%.

In Q2, South State Corp’s quarterly earnings growth was a positive 3.2% while revenue growth was a positive 4.5%.

South State Corp’s PE and PEG Ratio

Forward PE

9.6805

Trailing PE

9.8223

PEG

1.61

Its diluted EPS in the last 12-months stands at $7.09 per share while it has a forward price to earnings multiple of 9.6805 and a PEG multiple of 1.61. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into South State Corp’s profitability.

South State Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.7618.

South State Corp stock pays annual dividends of $2 per share, indicating a yield of 2.97% and a payout ratio of 27.56%.

Balance sheet and cash flow metrics

Total Assets

$44.94 billion

Total Liabilities

$36.99 billion

Operating Cash Flow

$-631666000.00

Capital Expenditure

$7.39 million

Dividend Payout Ratio

27.56%

South State Corp ended 2024 with $44.94 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $44.94 billion while shareholder equity stood at $5.29 billion.

South State Corp ended 2024 with $0 in deferred long-term liabilities, $36.99 billion in other current liabilities, 189990000.00 in common stock, $1.53 billion in retained earnings and $1.92 billion in goodwill. Its cash balance stood at $552.90 million and cash and short-term investments were $5.50 billion. The company’s total short-term debt was $0 while long-term debt stood at $792.09 million.

South State Corp’s total current assets stands at $5.50 billion while long-term investments were $7.79 billion and short-term investments were $4.95 billion. Its net receivables were $0 compared to accounts payable of $0 and inventory worth $0.

In 2024, South State Corp's operating cash flow was $-631666000.00 while its capital expenditure stood at $7.39 million.

Comparatively, South State Corp paid $0.28 in dividends in 2024.

Other key metrics

Current Trading Price

$70.36

52-Week High

$89.5485

52-Week Low

$58.636

Analyst Target Price

$86.38

South State Corp stock is currently trading at $70.36 per share. It touched a 52-week high of $89.5485 and a 52-week low of $89.5485. Analysts tracking the stock have a 12-month average target price of $86.38.

Its 50-day moving average was $72.81 and 200-day moving average was $72.6 The short ratio stood at 10.19 indicating a short percent outstanding of 0%.

Around 115.6% of the company’s stock are held by insiders while 9429.2% are held by institutions.