South State Receives a Hold from Brean Capital


Brean Capital analyst Blair Brantley reiterated a Hold rating on South State (NASDAQ: SSB) today. The company’s shares opened today at $87.20.

According to TipRanks.com, Brantley is a 4-star analyst with an average return of 6.3% and a 73.7% 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.

Currently, the analyst consensus on South State is Moderate Buy and the average price target is $97, representing an 11.2% upside.

In a report issued on April 25, KBW also downgraded the stock to Hold.

See today’s analyst top recommended stocks >>

Based on South State’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $182 million and quarterly net profit of $42.33 million. In comparison, last year the company earned revenue of $138 million and had a net profit of $18.26 million.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock.

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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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