SouthState (SSB) Stock Forecast, Price Target & Predictions
SSB Stock Forecast
SouthState stock forecast is as follows: an average price target of $101.60 (represents a -4.90% downside from SSB’s last price of $106.83) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
SSB Price Target
The average price target for SouthState (SSB) is $101.60 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $112.00 to $90.00. This represents a potential -4.90% downside from SSB's last price of $106.83.
SSB Analyst Ratings
According to 7 Wall Street analysts, SouthState's rating consensus is 'Buy'. The analyst rating breakdown for SSB stock is 0 'Strong Buy' (0.00%), 4 'Buy' (57.14%), 3 'Hold' (42.86%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
SouthState Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 29, 2024 | Russell Gunther | Stephens | $105.00 | $98.47 | 6.63% | -1.71% |
| Oct 28, 2024 | Brandon King | Truist Financial | $103.00 | $98.06 | 5.04% | -3.59% |
| Jul 29, 2024 | Brandon King | Truist Financial | $109.00 | $100.18 | 8.80% | 2.03% |
| Jul 29, 2024 | Russell Gunther | Stephens | $101.00 | $100.18 | 0.82% | -5.46% |
| Jul 26, 2024 | Gary Tenner | D.A. Davidson | $112.00 | $98.88 | 13.27% | 4.84% |
| May 29, 2024 | Stephen Scouten | Piper Sandler | $98.00 | $75.57 | 29.68% | -8.27% |
| May 21, 2024 | Michael Rose | Raymond James | $90.00 | $79.87 | 12.68% | -15.75% |
| Apr 29, 2024 | Stephen Scouten | Piper Sandler | $95.00 | $77.70 | 22.27% | -11.07% |
| Sep 28, 2022 | Stephen Scouten | Piper Sandler | $96.00 | $77.63 | 23.66% | -10.14% |
| Jun 15, 2022 | Jennifer Demba | Truist Financial | $90.00 | $75.60 | 19.05% | -15.75% |
The latest SouthState stock forecast, released on Oct 29, 2024 by Russell Gunther from Stephens, set a price target of $105.00, which represents a 6.63% increase from the stock price at the time of the forecast ($98.47), and a -1.71% decrease from SSB last price ($106.83).
SouthState Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 8 |
| Avg Price Target | $104.00 | $104.00 | $101.63 |
| Last Closing Price | $106.83 | $106.83 | $106.83 |
| Upside/Downside | -2.65% | -2.65% | -4.87% |
In the current month, the average price target of SouthState stock is $104.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -2.65% decrease as opposed to SouthState's last price of $106.83. This month's average price target is down 0.00% compared to last quarter, and up 2.33% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 29, 2024 | Stephens | Equal-Weight | Equal-Weight | Hold |
| Oct 10, 2024 | Citigroup | - | Neutral | Initialise |
| Jul 29, 2024 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| Jul 29, 2024 | Stephens | Equal-Weight | Equal-Weight | Hold |
| Jul 25, 2024 | Truist Financial | Equal-Weight | Equal-Weight | Hold |
| May 29, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| May 28, 2024 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| May 21, 2024 | Raymond James | - | Outperform | Upgrade |
| Apr 29, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 28, 2022 | Truist Financial | - | Buy | Upgrade |
SouthState's last stock rating was published by Stephens on Oct 29, 2024. The company gave SSB a "Equal-Weight" rating, the same as its previous rate.
SouthState Financial Forecast
SouthState Revenue Forecast
| Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Mar 04 | Mar 03 | Mar 02 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | $428.22M | $452.62M | $459.40M | $347.56M | $358.28M | $172.15M | $155.32M | $168.84M | $131.03M | $110.24M | $108.78M | $108.80M | $69.33M | $48.51M | $43.19M | $130.59M | $32.13M | - | - | - | - | - | - | - |
| Avg Forecast | $437.28M | $435.70M | $431.42M | $418.08M | $414.32M | $419.08M | $428.19M | $316.43M | $375.95M | $250.14M | $360.75M | $258.22M | $155.32M | $168.38M | $130.31M | $110.53M | $107.50M | $124.48M | $76.36M | $36.86M | $51.26M | $9.11M | $35.99M | $29.88M | $24.95M | $24.40M | $18.61M | $20.23M | $17.68M | $15.11M |
| High Forecast | $443.20M | $436.80M | $451.46M | $437.50M | $433.56M | $428.00M | $432.00M | $379.71M | $451.14M | $300.17M | $432.90M | $309.86M | $186.39M | $202.06M | $156.37M | $132.63M | $129.00M | $149.38M | $91.63M | $44.23M | $61.52M | $10.93M | $43.19M | $35.85M | $29.94M | $29.28M | $22.33M | $24.28M | $21.22M | $18.13M |
| Low Forecast | $432.50M | $433.90M | $420.87M | $407.86M | $404.19M | $414.90M | $424.00M | $253.14M | $300.76M | $200.11M | $288.60M | $206.57M | $124.26M | $134.70M | $104.25M | $88.42M | $86.00M | $99.59M | $61.09M | $29.49M | $41.01M | $7.29M | $28.79M | $23.90M | $19.96M | $19.52M | $14.89M | $16.19M | $14.14M | $12.08M |
| # Analysts | 6 | 6 | 3 | 2 | 2 | 4 | 7 | 16 | 20 | 14 | 10 | 12 | 19 | 15 | 14 | 13 | 9 | 11 | 20 | 17 | 17 | 20 | 11 | 17 | 17 | 10 | 8 | 9 | 9 | 18 |
| Surprise % | - | - | - | - | - | - | 1.00% | 1.43% | 1.22% | 1.39% | 0.99% | 0.67% | 1.00% | 1.00% | 1.01% | 1.00% | 1.01% | 0.87% | 0.91% | 1.32% | 0.84% | 14.34% | 0.89% | - | - | - | - | - | - | - |
SouthState's average Quarter revenue forecast for Dec 23 based on 4 analysts is $419.08M, with a low forecast of $414.90M, and a high forecast of $428.00M. SSB's average Quarter revenue forecast represents a -2.13% decrease compared to the company's last Quarter revenue of $428.22M (Sep 23).
SouthState EBITDA Forecast
| Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Mar 04 | Mar 03 | Mar 02 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 3 | 2 | 2 | 4 | 7 | 16 | 20 | 14 | 10 | 12 | 19 | 15 | 14 | 13 | 9 | 11 | 20 | 17 | 17 | 20 | 11 | 17 | 17 | 10 | 8 | 9 | 9 | 18 |
| EBITDA | - | - | - | - | - | - | $163.92M | $255.47M | $218.67M | $152.58M | $219.94M | $56.01M | $84.25M | $71.63M | $36.04M | $44.41M | $44.55M | $35.11M | $21.69M | $16.50M | $12.74M | $87.35M | $19.66M | - | - | - | - | - | - | - |
| Avg Forecast | - | - | - | - | $166.87M | - | - | $131.92M | $168.34M | $104.28M | $121.80M | $74.67M | $84.25M | $71.11M | $35.08M | $43.98M | $44.55M | $40.89M | $25.40M | $11.29M | $13.38M | $3.28M | $21.78M | $27.40M | $24.53M | $19.13M | $11.09M | $9.74M | $10.03M | $10.57M |
| High Forecast | - | - | - | - | $200.25M | - | - | $158.30M | $202.01M | $125.14M | $146.16M | $89.61M | $101.10M | $85.33M | $42.09M | $52.78M | $53.46M | $49.07M | $30.48M | $13.55M | $16.06M | $3.93M | $26.14M | $32.88M | $29.44M | $22.95M | $13.31M | $11.68M | $12.03M | $12.68M |
| Low Forecast | - | - | - | - | $133.50M | - | - | $105.53M | $134.68M | $83.43M | $97.44M | $59.74M | $67.40M | $56.88M | $28.06M | $35.18M | $35.64M | $32.71M | $20.32M | $9.03M | $10.70M | $2.62M | $17.43M | $21.92M | $19.63M | $15.30M | $8.88M | $7.79M | $8.02M | $8.46M |
| Surprise % | - | - | - | - | - | - | - | 1.94% | 1.30% | 1.46% | 1.81% | 0.75% | 1.00% | 1.01% | 1.03% | 1.01% | 1.00% | 0.86% | 0.85% | 1.46% | 0.95% | 26.66% | 0.90% | - | - | - | - | - | - | - |
4 analysts predict SSB's average Quarter EBITDA for Dec 23 to be -, with a high of - and a low of -. This is -100.00% lower than SouthState's previous annual EBITDA (Sep 23) of $163.92M.
SouthState Net Income Forecast
| Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Mar 04 | Mar 03 | Mar 02 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 3 | 2 | 2 | 4 | 7 | 16 | 20 | 14 | 10 | 12 | 19 | 15 | 14 | 13 | 9 | 11 | 20 | 17 | 17 | 20 | 11 | 17 | 17 | 10 | 8 | 9 | 9 | 18 |
| Net Income | - | - | - | - | - | - | $124.14M | $139.93M | $143.50M | $100.33M | $146.95M | $24.11M | $44.37M | $42.33M | $18.26M | $24.49M | $23.93M | $16.92M | $10.65M | $7.03M | $2.52M | $48.96M | $4.52M | - | - | - | - | - | - | - |
| Avg Forecast | $92.17M | $132.11M | $123.66M | $118.28M | $115.55M | $118.28M | $125.58M | $91.34M | $112.12M | $72.21M | $81.38M | $32.15M | $44.37M | $42.02M | $17.77M | $24.26M | $23.93M | $19.70M | $12.47M | $4.81M | $2.64M | $541.84M | $5.01M | $5.86M | $5.12M | $4.79M | $3.80M | $3.75M | $3.42M | $3.20M |
| High Forecast | $132.11M | $136.71M | $126.45M | $125.42M | $138.66M | $122.89M | $130.97M | $109.61M | $134.54M | $86.65M | $97.66M | $38.58M | $53.24M | $50.42M | $21.33M | $29.11M | $28.71M | $23.64M | $14.96M | $5.77M | $3.17M | $650.20M | $6.01M | $7.03M | $6.14M | $5.74M | $4.56M | $4.50M | $4.11M | $3.84M |
| Low Forecast | $49.92M | $129.03M | $120.87M | $114.52M | $92.44M | $112.90M | $118.64M | $73.07M | $89.69M | $57.77M | $65.10M | $25.72M | $35.49M | $33.62M | $14.22M | $19.40M | $19.14M | $15.76M | $9.98M | $3.85M | $2.11M | $433.47M | $4.01M | $4.69M | $4.09M | $3.83M | $3.04M | $3.00M | $2.74M | $2.56M |
| Surprise % | - | - | - | - | - | - | 0.99% | 1.53% | 1.28% | 1.39% | 1.81% | 0.75% | 1.00% | 1.01% | 1.03% | 1.01% | 1.00% | 0.86% | 0.85% | 1.46% | 0.95% | 0.09% | 0.90% | - | - | - | - | - | - | - |
SouthState's average Quarter net income forecast for Dec 23 is $118.28M, with a range of $112.90M to $122.89M. SSB's average Quarter net income forecast represents a -4.72% decrease compared to the company's last Quarter net income of $124.14M (Sep 23).
SouthState SG&A Forecast
| Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Mar 04 | Mar 03 | Mar 02 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 3 | 2 | 2 | 4 | 7 | 16 | 20 | 14 | 10 | 12 | 19 | 15 | 14 | 13 | 9 | 11 | 20 | 17 | 17 | 20 | 11 | 17 | 17 | 10 | 8 | 9 | 9 | 18 |
| SG&A | - | - | - | - | - | - | $187.83M | $152.47M | $155.55M | $169.91M | $170.70M | $74.66M | $71.29M | $75.59M | $58.58M | $50.06M | $48.63M | $46.02M | $28.51M | $22.56M | $19.03M | $16.00M | $12.35M | - | - | - | - | - | - | - |
| Avg Forecast | $165.27M | $164.67M | $163.05M | $158.01M | $195.68M | $158.39M | $161.83M | $154.69M | $178.29M | $122.28M | $94.53M | $99.55M | $71.29M | $75.05M | $57.01M | $49.58M | $48.63M | $53.60M | $33.39M | $15.43M | $19.99M | $4.15M | $13.69M | $11.93M | $10.72M | $9.82M | $7.22M | $7.61M | $6.71M | $5.28M |
| High Forecast | $167.50M | $165.08M | $170.63M | $165.35M | $234.81M | $161.76M | $163.27M | $185.62M | $213.95M | $146.74M | $113.44M | $119.46M | $85.54M | $90.06M | $68.41M | $59.49M | $58.35M | $64.32M | $40.06M | $18.52M | $23.98M | $4.97M | $16.43M | $14.31M | $12.87M | $11.78M | $8.66M | $9.13M | $8.05M | $6.33M |
| Low Forecast | $163.46M | $163.99M | $159.07M | $154.15M | $156.54M | $156.81M | $160.25M | $123.75M | $142.63M | $97.82M | $75.63M | $79.64M | $57.03M | $60.04M | $45.61M | $39.66M | $38.90M | $42.88M | $26.71M | $12.35M | $15.99M | $3.32M | $10.95M | $9.54M | $8.58M | $7.85M | $5.77M | $6.09M | $5.37M | $4.22M |
| Surprise % | - | - | - | - | - | - | 1.16% | 0.99% | 0.87% | 1.39% | 1.81% | 0.75% | 1.00% | 1.01% | 1.03% | 1.01% | 1.00% | 0.86% | 0.85% | 1.46% | 0.95% | 3.86% | 0.90% | - | - | - | - | - | - | - |
SouthState's average Quarter SG&A projection for Dec 23 is $158.39M, based on 4 Wall Street analysts, with a range of $156.81M to $161.76M. The forecast indicates a -15.68% fall compared to SSB last annual SG&A of $187.83M (Sep 23).
SouthState EPS Forecast
| Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Mar 04 | Mar 03 | Mar 02 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 3 | 2 | 2 | 4 | 7 | 16 | 20 | 14 | 10 | 12 | 19 | 15 | 14 | 13 | 9 | 11 | 20 | 17 | 17 | 20 | 11 | 17 | 17 | 10 | 8 | 9 | 9 | 18 |
| EPS | - | - | - | - | - | - | $1.63 | $1.84 | $1.90 | $1.40 | $2.07 | $0.72 | $1.25 | $1.15 | $0.63 | $1.02 | $1.00 | $0.66 | $0.64 | $0.51 | $0.19 | $3.89 | $0.33 | - | - | - | - | - | - | - |
| Avg Forecast | $1.20 | $1.72 | $1.61 | $1.54 | $1.54 | $1.54 | $1.64 | $1.43 | $1.95 | $1.43 | $0.80 | $1.64 | $1.26 | $1.37 | $1.09 | $1.02 | $0.99 | $0.92 | $0.89 | $0.26 | $0.21 | $2.99 | $0.41 | $0.56 | $0.54 | $0.52 | $0.42 | $0.49 | $0.41 | $0.36 |
| High Forecast | $1.72 | $1.78 | $1.65 | $1.63 | $1.55 | $1.60 | $1.71 | $1.52 | $2.07 | $1.43 | $0.96 | $1.97 | $1.51 | $1.64 | $1.31 | $1.22 | $1.19 | $1.10 | $1.07 | $0.31 | $0.25 | $3.59 | $0.49 | $0.67 | $0.65 | $0.62 | $0.50 | $0.59 | $0.49 | $0.43 |
| Low Forecast | $0.65 | $1.68 | $1.57 | $1.49 | $1.52 | $1.47 | $1.54 | $1.38 | $1.89 | $1.43 | $0.64 | $1.31 | $1.01 | $1.10 | $0.87 | $0.82 | $0.79 | $0.74 | $0.71 | $0.21 | $0.17 | $2.39 | $0.33 | $0.45 | $0.43 | $0.42 | $0.34 | $0.39 | $0.33 | $0.29 |
| Surprise % | - | - | - | - | - | - | 1.00% | 1.29% | 0.97% | 0.98% | 2.59% | 0.44% | 0.99% | 0.84% | 0.58% | 1.00% | 1.01% | 0.72% | 0.72% | 1.96% | 0.90% | 1.30% | 0.80% | - | - | - | - | - | - | - |
According to 4 Wall Street analysts, SouthState's projected average Quarter EPS for Dec 23 is $1.54, with a low estimate of $1.47 and a high estimate of $1.60. This represents a -5.52% decrease compared to SSB previous annual EPS of $1.63 (Sep 23).
SouthState Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| UCBI | United Community Banks | $27.83 | $31.33 | 12.58% | Buy |
| HTH | Hilltop | $31.65 | $34.00 | 7.42% | Hold |
| NBHC | National Bank | $48.01 | $50.00 | 4.14% | Hold |
| GSBC | Great Southern Bancorp | $62.62 | $62.00 | -0.99% | Hold |
| WSFS | WSFS Financial | $58.71 | $58.00 | -1.21% | Buy |
| SSB | SouthState | $106.83 | $101.60 | -4.90% | Buy |
| FBNC | First Bancorp | $46.69 | $43.00 | -7.90% | Buy |
| FMBH | First Mid Bancshares | $42.01 | $38.00 | -9.55% | Buy |
| PNFP | Pinnacle Financial Partners | $122.46 | $108.80 | -11.15% | Buy |
| FBK | FB Financial | $55.12 | $48.00 | -12.92% | Buy |
| SFBS | ServisFirst Bancshares | $93.25 | $79.00 | -15.28% | Hold |
| SMBK | SmartFinancial | $36.05 | $30.33 | -15.87% | Hold |