South State Receives a Hold from Brean Capital


In a report released yesterday, Blair Brantley from Brean Capital reiterated a Hold rating on South State (NASDAQ: SSB). The company’s shares opened today at $89.95.

According to TipRanks.com, Brantley is a 4-star analyst with an average return of 11.2% and a 82.9% success rate. Brantley covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, Carolina Financial Corporation, and Patriot National Bancorp Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for South State with a $100 average price target.

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Based on South State’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $42.33 million. In comparison, last year the company had a net profit of $31.82 million.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

South State Corp. is a bank holding company. It provides consumer, commercial, mortgage and wealth management solutions throughout the Carolinas, Georgia and Virginia. The company was founded on February 22, 1985 and is headquartered in Columbia, SC.

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