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South State Corporation (SSB)

Stock Price: $53.49 USD -1.31 (-2.39%)
Updated Oct 16, 2020 4:00 PM EDT - Market closed
After-hours: $53.49 0.00 (0.00%) Oct 16, 4:02 PM

Stock Price Chart

Key Info

Market Cap 3.79B
Revenue (ttm) 521.18M
Net Income (ttm) 39.83M
Shares Out 70.92M
EPS (ttm) 1.10
PE Ratio 48.63
Forward PE 10.89
Dividend $1.88
Dividend Yield 3.51%

Stock Quote

Trading Day Oct 16, 2020
Last Price $53.49
Previous Close $54.80
Change ($) -1.31
Change (%) -2.39%
Day's Open 54.47
Day's Range 53.05 - 54.98
Day's Volume 282,120
52-Week Range 40.42 - 88.10

More Stats

Market Cap 3.79B
Enterprise Value 1.24B
Earnings Date (est) Oct 21, 2020
Ex-Dividend Date Aug 13, 2020
Shares Outstanding 70.92M
Float 69.63M
EPS (basic) 1.73
EPS (diluted) 1.10
FCF / Share 3.16
Dividend $1.88
Dividend Yield 3.51%
Earnings Yield 2.06%
FCF Yield 3.60%
Payout Ratio 105.80%
Shares Short 1.00M
Short Ratio 3.04
Short % of Float 1.44%
Beta 1.15
PE Ratio 48.63
Forward PE 10.89
P/FCF Ratio 27.74
PS Ratio 7.28
PB Ratio 0.87
Revenue 521.18M
Operating Income 41.82M
Net Income 39.83M
Free Cash Flow 136.75M
Net Cash 2.55B
Net Cash / Share 36.01
Gross Margin 121.85%
Operating Margin 8.02%
Profit Margin 7.60%
FCF Margin 26.24%
ROA 0.15%
ROE 1.16%
ROIC 0.20%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (7)

Buy 4
Overweight 1
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$59.79*
(11.78% upside)
Low
52.0
Current: $53.49
High
70.0
Target: 59.79
*Average 12-month price target from 7 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 5,368
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.