South State (SSB) Receives a Hold from KBW


KBW analyst Catherine Mealor reiterated a Hold rating on South State (NASDAQ: SSB) yesterday and set a price target of $90. The company’s shares closed on Friday at $83.05.

According to TipRanks.com, Mealor is a 5-star analyst with an average return of 14.4% and a 72.1% success rate. Mealor covers the Financial sector, focusing on stocks such as The Community Financial Corporation, Union First Market Bankshares Corp, and Capstar Financial Holdings Inc.

Currently, the analyst consensus on South State is a Hold with an average price target of $87, implying a 4.8% upside from current levels. In a report issued on July 23, Brean Capital also reiterated a Hold rating on the stock.

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South State’s market cap is currently $3.06B and has a P/E ratio of 23.61. The company has a Price to Book ratio of 1.30.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is neutral 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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