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South State Corporation (SSB)

Stock Price: $49.55 USD 1.40 (2.91%)
Updated Aug 4, 2020 4:00 PM EDT - Market closed
After-hours: $50.00 +0.45 (0.91%) Aug 4, 4:22 PM

Stock Price Chart

Key Info

Market Cap 1.66B
Revenue (ttm) 521.18M
Net Income (ttm) 166.23M
Shares Out 70.77M
EPS (ttm) 1.10
PE Ratio 45.05
Forward PE 12.25
Dividend $1.88
Dividend Yield 3.79%

Stock Quote

Trading Day Aug 4, 2020
Last Price $49.55
Previous Close $48.15
Change ($) 1.40
Change (%) 2.91%
Day's Open 48.19
Day's Range 47.70 - 49.64
Day's Volume 413,308
52-Week Range 40.42 - 88.10

More Stats

Market Cap 1.66B
Enterprise Value 2.04B
Earnings Date (est) Oct 21, 2020
Ex-Dividend Date May 7, 2020
Shares Outstanding 70.77M
Float 69.58M
EPS (basic) 4.87
EPS (diluted) 1.10
FCF / Share 5.07
Dividend $1.88
Dividend Yield 3.79%
Earnings Yield 2.22%
FCF Yield 10.25%
Payout Ratio 36.10%
Shares Short 1.25M
Short Ratio 2.87
Short % of Float 1.73%
Beta 1.02
PE Ratio 45.05
Forward PE 12.25
P/FCF Ratio 9.75
PS Ratio 3.18
PB Ratio 1.45
Revenue 521.18M
Operating Income 203.19M
Net Income 166.23M
Free Cash Flow 170.06M
Net Cash -378.99M
Net Cash / Share -11.32
Gross Margin 121.85%
Operating Margin 38.99%
Profit Margin 26.90%
FCF Margin 32.63%
ROA 0.15%
ROE 1.16%
ROIC 1.30%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy 1
Overweight 1
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$61.17*
(23.45% upside)
Low
52.0
Current: $49.55
High
75.0
Target: 61.17
*Average 12-month price target from 6 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue635645537439437414325204176206
Revenue Growth-1.57%20.12%22.29%0.4%5.55%27.45%59.36%15.72%-14.43%-
Gross Profit635645537439437414325204176206
Operating Income23022416915415011174.5745.1633.3684.02
Net Income18617987.5510199.4775.4449.2230.0322.6051.88
Shares Outstanding34.5636.5329.6924.0023.9723.9019.8714.7013.6812.62
Earnings Per Share5.364.862.934.184.113.082.382.031.634.08
EPS Growth10.29%65.87%-29.9%1.7%33.44%29.41%17.24%24.54%-60.05%-
Dividend Per Share1.671.381.321.210.980.820.740.690.680.68
Dividend Growth21.01%4.55%9.09%23.47%19.51%10.81%7.25%1.47%0%-
Operating Cash Flow181284198138187119242171155103
Capital Expenditures-15.79-14.39-15.15-25.74-15.19-12.19-13.69-8.33-19.44-24.12
Free Cash Flow16526918311217210622916213679.16
Cash & Equivalents689409378374696418479381171237
Total Debt1,115537503369343323313294227238
Net Cash / Debt-426-128-1265.3235295.1216687.35-55.69-0.90
Assets15,92114,67614,4678,9018,5577,8267,9315,1363,8973,595
Liabilities13,54812,31012,1587,7667,4986,8416,9504,6293,5153,265
Book Value2,3732,3662,3091,1351,059985981508382330
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name South State Corporation
Country United States
Employees 5,369
CEO John C. Corbett

Stock Information

Ticker Symbol SSB
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: SSB
IPO Date January 28, 1997

Description

South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, and trust and wealth management services. The company accepts demand deposits, savings deposits, interest-bearing transaction accounts, checking accounts, money market accounts, certificates of deposit, and other time deposits. It also offers commercial real estate loans, residential real estate loans, commercial and industrial loans, and other consumer loans; lending and credit card services; and automated teller machines processing services. In addition, the company provides treasury management services, merchant services, debit card products, automated clearing house services, lock-box services, remote deposit capture services, and other treasury services. As of December 31, 2019, it served customers through 155 financial centers in 29 South Carolina counties, nine North Carolina counties, 17 Georgia counties, and four Virginia counties. The company was formerly known as First Financial Holdings, Inc. and changed its name to South State Corporation in July 2013. South State Corporation was founded in 1933 and is headquartered in Columbia, South Carolina.