SouthState (SSB) Stock Forecast, Price Target & Predictions


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SSB Stock Forecast


SouthState stock forecast is as follows: an average price target of $102.00 (represents a 2.93% upside from SSB’s last price of $99.10) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

SSB Price Target


The average price target for SouthState (SSB) is $102.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $112.00 to $90.00. This represents a potential 2.93% upside from SSB's last price of $99.10.

SSB Analyst Ratings


Buy

According to 6 Wall Street analysts, SouthState's rating consensus is 'Buy'. The analyst rating breakdown for SSB stock is 0 'Strong Buy' (0.00%), 4 'Buy' (66.67%), 2 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

SouthState Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 29, 2024Brandon KingTruist Financial$109.00$100.188.80%9.99%
Jul 29, 2024Russell GuntherStephens$101.00$100.180.82%1.92%
Jul 26, 2024Gary TennerD.A. Davidson$112.00$98.8813.27%13.02%
May 29, 2024Stephen ScoutenPiper Sandler$98.00$75.5729.68%-1.11%
May 21, 2024Michael RoseRaymond James$90.00$79.8712.68%-9.18%
Apr 29, 2024Stephen ScoutenPiper Sandler$95.00$77.7022.27%-4.14%
Sep 28, 2022Stephen ScoutenPiper Sandler$96.00$77.6323.66%-3.13%
Jun 15, 2022Jennifer DembaTruist Financial$90.00$75.6019.05%-9.18%
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The latest SouthState stock forecast, released on Jul 29, 2024 by Brandon King from Truist Financial, set a price target of $109.00, which represents a 8.80% increase from the stock price at the time of the forecast ($100.18), and a 9.99% increase from SSB last price ($99.10).

SouthState Price Target by Period


1M3M12M
# Anlaysts-36
Avg Price Target-$107.33$100.83
Last Closing Price$99.10$99.10$99.10
Upside/Downside-100.00%8.30%1.75%

In the current month, the average price target of SouthState stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to SouthState's last price of $99.10. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jul 29, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
Jul 29, 2024StephensEqual-WeightEqual-WeightHold
Jul 25, 2024Truist FinancialEqual-WeightEqual-WeightHold
May 29, 2024Piper SandlerOverweightOverweightHold
May 28, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
May 21, 2024Raymond James-OutperformUpgrade
Apr 29, 2024Piper SandlerOverweightOverweightHold
Sep 28, 2022Truist Financial-BuyUpgrade
Sep 28, 2022Atlantic Equities-OverweightUpgrade
Sep 28, 2022Piper Sandler-OverweightUpgrade
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SouthState's last stock rating was published by Keefe, Bruyette & Woods on Jul 29, 2024. The company gave SSB a "Outperform" rating, the same as its previous rate.

SouthState Financial Forecast


SouthState Revenue Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jul 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17
Revenue-----$428.22M-$452.62M$459.40M$435.39M-$347.56M$350.00M$347.00M$332.15M$358.28M$356.09M$385.14M$216.90M$172.15M$158.34M$164.96M$164.80M$155.32M$159.60M$159.94M$166.78M$168.84M$145.89M$133.61M
Avg Forecast$439.82M$432.95M$418.08M$414.32M$419.08M$428.19M$419.18M$316.43M$375.95M$379.51M$381.07M$250.14M$341.77M$345.01M$346.43M$360.75M$358.54M$231.75M$24.35M$258.22M$157.26M$158.31M$155.38M$155.32M$157.23M$168.74M$175.28M$168.38M$138.78M$132.90M
High Forecast$448.30M$441.00M$426.14M$422.31M$428.00M$432.00M$503.02M$379.71M$451.14M$455.41M$457.29M$300.17M$410.12M$414.01M$415.72M$432.90M$430.25M$278.10M$29.21M$309.86M$188.72M$189.98M$186.46M$186.39M$188.68M$202.48M$210.34M$202.06M$166.53M$159.48M
Low Forecast$432.60M$429.80M$411.22M$407.52M$414.90M$424.00M$335.34M$253.14M$300.76M$303.61M$304.86M$200.11M$273.42M$276.01M$277.14M$288.60M$286.84M$185.40M$19.48M$206.57M$125.81M$126.65M$124.30M$124.26M$125.79M$134.99M$140.22M$134.70M$111.02M$106.32M
# Analysts7422471316201316148181610810712915111991112152013
Surprise %-----1.00%-1.43%1.22%1.15%-1.39%1.02%1.01%0.96%0.99%0.99%1.66%8.91%0.67%1.01%1.04%1.06%1.00%1.02%0.95%0.95%1.00%1.05%1.01%

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

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jul 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17
# Analysts7422471316201316148181610810712915111991112152013
EBITDA-----$163.92M-$255.47M$218.67M$203.49M-$152.58M$160.43M$180.79M$157.88M$219.94M$102.56M$156.62M$-81.28M$56.01M$87.72M$95.33M$82.80M$84.25M$87.94M$81.02M$73.36M$71.63M$56.19M$63.78M
Avg Forecast$158.22M$155.75M$150.40M$166.87M$150.76M$154.04M$162.91M$131.92M$168.34M$138.81M$148.10M$104.28M$153.04M$126.19M$134.64M$121.80M$103.26M$113.68M$-396.22M$74.67M$84.65M$91.33M$77.78M$84.25M$85.26M$85.07M$76.78M$71.11M$52.01M$63.25M
High Forecast$161.27M$158.64M$153.30M$200.25M$153.97M$155.41M$195.49M$158.30M$202.01M$166.57M$177.72M$125.14M$183.65M$151.43M$161.56M$146.16M$123.91M$136.41M$-316.98M$89.61M$101.58M$109.60M$93.34M$101.10M$102.31M$102.08M$92.14M$85.33M$62.41M$75.90M
Low Forecast$155.62M$154.61M$147.93M$133.50M$149.25M$152.53M$130.33M$105.53M$134.68M$111.05M$118.48M$83.43M$122.43M$100.95M$107.71M$97.44M$82.61M$90.94M$-475.46M$59.74M$67.72M$73.07M$62.22M$67.40M$68.21M$68.05M$61.43M$56.88M$41.61M$50.60M
Surprise %-----1.06%-1.94%1.30%1.47%-1.46%1.05%1.43%1.17%1.81%0.99%1.38%0.21%0.75%1.04%1.04%1.06%1.00%1.03%0.95%0.96%1.01%1.08%1.01%

4 analysts predict SSB's average Quarter EBITDA for Dec 23 to be $150.76M, with a high of $153.97M and a low of $149.25M. This is -8.03% lower than SouthState's previous annual EBITDA (Sep 23) of $163.92M.

SouthState Net Income Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jul 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17
# Analysts7422471316201316148181610810712915111991112152013
Net Income-----$124.14M-$139.93M$143.50M$133.04M-$100.33M$106.85M$122.79M$98.96M$146.95M$86.24M$95.22M$-84.94M$24.11M$49.09M$51.56M$41.46M$44.37M$49.00M$47.08M$40.46M$42.33M$2.42M$35.05M
Avg Forecast-$129.47M$117.98M$115.55M$117.98M$125.25M$102.11M$91.34M$112.12M$94.27M$92.83M$72.21M$101.93M$85.70M$84.39M$81.38M$86.83M$69.11M$-414.06M$32.15M$47.37M$49.40M$38.95M$44.37M$47.51M$49.44M$42.35M$42.02M$2.24M$34.76M
High Forecast-$134.83M$120.93M$138.66M$122.57M$130.63M$122.53M$109.61M$134.54M$113.13M$111.39M$86.65M$122.31M$102.85M$101.27M$97.66M$104.20M$82.93M$-331.25M$38.58M$56.85M$59.28M$46.74M$53.24M$57.01M$59.32M$50.82M$50.42M$2.69M$41.71M
Low Forecast-$124.87M$115.46M$92.44M$112.61M$118.34M$81.69M$73.07M$89.69M$75.42M$74.26M$57.77M$81.54M$68.56M$67.51M$65.10M$69.46M$55.29M$-496.87M$25.72M$37.90M$39.52M$31.16M$35.49M$38.01M$39.55M$33.88M$33.62M$1.79M$27.81M
Surprise %-----0.99%-1.53%1.28%1.41%-1.39%1.05%1.43%1.17%1.81%0.99%1.38%0.21%0.75%1.04%1.04%1.06%1.00%1.03%0.95%0.96%1.01%1.08%1.01%

SouthState's average Quarter net income forecast for Dec 23 is $117.98M, with a range of $112.61M to $122.57M. SSB's average Quarter net income forecast represents a -4.97% decrease compared to the company's last Quarter net income of $124.14M (Sep 23).

SouthState SG&A Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jul 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17
# Analysts7422471316201316148181610810712915111991112152013
SG&A-----$187.83M-$152.47M$155.55M$176.45M-$169.91M$169.91M$163.77M$169.85M$170.70M$175.32M$163.18M$98.42M$74.66M$83.99M$71.13M$80.65M$71.29M$83.38M$70.87M$69.78M$75.59M$72.10M$56.51M
Avg Forecast$200.21M$197.08M$190.31M$195.68M$190.76M$194.91M$175.26M$154.69M$178.29M$125.74M$159.33M$122.28M$162.08M$114.31M$144.84M$94.53M$176.53M$118.44M$11.08M$99.55M$81.05M$68.14M$75.76M$71.29M$80.83M$74.42M$73.03M$75.05M$66.74M$56.04M
High Forecast$204.07M$200.74M$193.98M$234.81M$194.82M$196.65M$210.31M$185.62M$213.95M$150.89M$191.19M$146.74M$194.50M$137.17M$173.81M$113.44M$211.83M$142.12M$13.30M$119.46M$97.26M$81.77M$90.92M$85.54M$97.00M$89.30M$87.64M$90.06M$80.08M$67.25M
Low Forecast$196.92M$195.64M$187.19M$156.54M$188.86M$193.00M$140.21M$123.75M$142.63M$100.59M$127.46M$97.82M$129.67M$91.45M$115.87M$75.63M$141.22M$94.75M$8.87M$79.64M$64.84M$54.51M$60.61M$57.03M$64.67M$59.53M$58.42M$60.04M$53.39M$44.83M
Surprise %-----0.96%-0.99%0.87%1.40%-1.39%1.05%1.43%1.17%1.81%0.99%1.38%8.88%0.75%1.04%1.04%1.06%1.00%1.03%0.95%0.96%1.01%1.08%1.01%

SouthState's average Quarter SG&A projection for Dec 23 is $190.76M, based on 4 Wall Street analysts, with a range of $188.86M to $194.82M. The forecast indicates a 1.56% rise compared to SSB last annual SG&A of $187.83M (Sep 23).

SouthState EPS Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jul 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17
# Analysts7422471316201316148181610810712915111991112152013
EPS-----$1.63-$1.84$1.90$1.76-$1.40$1.53$1.75$1.40$2.07$1.22$1.34$-1.96$0.72$1.46$1.51$1.18$1.25$1.36$1.28$1.10$1.15$0.08$1.20
Avg Forecast-$1.69$1.54$1.54$1.54$1.64$1.19$1.43$1.95$1.27$1.15$1.43$1.89$1.25$1.01$0.80$1.46$0.90$0.59$1.64$1.38$1.37$1.24$1.26$1.27$1.47$1.57$1.37$1.12$1.20
High Forecast-$1.76$1.58$1.58$1.60$1.71$1.21$1.46$1.98$1.30$1.17$1.44$1.91$1.26$1.02$0.96$1.75$1.08$0.70$1.97$1.66$1.64$1.49$1.51$1.52$1.76$1.88$1.64$1.34$1.44
Low Forecast-$1.63$1.51$1.51$1.47$1.54$1.17$1.40$1.92$1.24$1.14$1.41$1.87$1.23$1.00$0.64$1.17$0.72$0.47$1.31$1.10$1.10$0.99$1.01$1.02$1.18$1.26$1.10$0.90$0.96
Surprise %-----1.00%-1.29%0.97%1.38%-0.98%0.81%1.41%1.38%2.59%0.84%1.49%-3.32%0.44%1.06%1.10%0.95%0.99%1.07%0.87%0.70%0.84%0.07%1.00%

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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NBHCNational Bank$41.81$47.6714.02%Hold
UCBIUnited Community Banks$27.83$31.3312.58%Buy
WSFSWSFS Financial$52.76$58.009.93%Buy
HTHHilltop$32.78$34.003.72%Hold
SSBSouthState$98.72$102.003.32%Buy
PNFPPinnacle Financial Partners$96.11$99.003.01%Buy
FBNCFirst Bancorp$42.85$43.000.35%Buy
FMBHFirst Mid Bancshares$39.66$38.00-4.19%Strong Buy
FBKFB Financial$47.34$44.33-6.36%Hold
SMBKSmartFinancial$29.40$26.50-9.86%Hold
SFBSServisFirst Bancshares$81.51$70.00-14.12%Hold

SSB Forecast FAQ


Yes, according to 6 Wall Street analysts, SouthState (SSB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 66.67% of SSB's total ratings.

SouthState (SSB) average price target is $102 with a range of $90 to $112, implying a 2.93% from its last price of $99.1. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for SSB stock, the company can go up by 2.93% (from the last price of $99.1 to the average price target of $102), up by 13.02% based on the highest stock price target, and down by -9.18% based on the lowest stock price target.

SSB's average twelve months analyst stock price target of $102 does not support the claim that SouthState can reach $150 in the near future.

SouthState's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $1.58B (high $1.74B, low $1.43B), average EBITDA is $599.62M (high $663.17M, low $537.64M), average net income is $436.68M (high $485.35M, low $385.71M), average SG&A $715.62M (high $787.41M, low $645.82M), and average EPS is $5.8 (high $5.98, low $5.59). SSB's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $1.71B (high $1.74B, low $1.68B), average EBITDA is $631.24M (high $673.46M, low $591.67M), average net income is $362.99M (high $394.42M, low $332.77M), average SG&A $783.27M (high $833.6M, low $736.29M), and average EPS is $4.77 (high $4.92, low $4.64).

Based on SouthState's last annual report (Dec 2022), the company's revenue was $1.64B, beating the average analysts forecast of $1.39B by 18.62%. Apple's EBITDA was $727.92M, beating the average prediction of $559.53M by 30.09%. The company's net income was $496.05M, beating the average estimation of $371.43M by 33.55%. Apple's SG&A was $606.76M, beating the average forecast of $585.64M by 3.61%. Lastly, the company's EPS was $9.06, beating the average prediction of $5.81 by 55.97%. In terms of the last quarterly report (Sep 2023), SouthState's revenue was $428.22M, beating the average analysts' forecast of $428.19M by 0.01%. The company's EBITDA was $163.92M, beating the average prediction of $154.04M by 6.42%. SouthState's net income was $124.14M, missing the average estimation of $125.25M by -0.89%. The company's SG&A was $187.83M, missing the average forecast of $194.91M by -3.63%. Lastly, the company's EPS was $1.63, missing the average prediction of $1.64 by -0.31%