SSB SouthState Corporation

SouthState Bank Corporation (NYSE:SSB) saw a 21.8% decrease in short interest during December, totaling 2,573,733 shares as of December 15th, representing 2.6% of the company's shares. The short-interest ratio is 2.8 days based on average trading volume, and institutional investors own 89.76% of the stock. SouthState Bank recently reported strong earnings, exceeding analyst estimates, and declared a quarterly dividend.

Voya Investment Management LLC reduced its stake in SouthState Bank Corporation by 22.8% in Q3, selling 18,867 shares. Despite this, other institutional investors, such as Laurel Wealth Advisors, Norges Bank, and Invesco, aggressively increased their positions, leaving institutional ownership at 89.76%. SouthState Bank (NYSE:SSB) beat Q3 earnings estimates with an EPS of $2.58 and revenue of $698.8 million, and currently has a consensus "Moderate Buy" rating with an average price target of $115.07.

Assenagon Asset Management S.A. acquired a new position of 17,171 shares, valued at approximately $1.70 million, in SouthState Bank Corporation (NYSE:SSB) during the third quarter. Institutional ownership of SSB stands at about 89.76%, with other firms like Laurel Wealth Advisors LLC significantly increasing their stakes. SouthState Bank has a "Moderate Buy" consensus rating from analysts, recently beat Q3 EPS estimates, and pays a quarterly dividend yielding approximately 2.5%.

HBK Sorce Advisory LLC significantly increased its stake in SouthState Bank (NYSE:SSB) by 102% to 33,256 shares, now worth $3.31 million. Institutional investors collectively own nearly 90% of the company. SouthState Bank recently surpassed Q3 earnings expectations and declared a quarterly dividend of $0.60, with analysts having a consensus "Moderate Buy" rating and an average price target of $115.07.

Country Club Bank has acquired a new position in SouthState Bank Corporation, purchasing 19,341 shares valued at approximately $1.92 million in the third quarter. Institutional investors now collectively own 89.76% of SouthState Bank, with Norges Bank also establishing a significant new stake. SouthState Bank recently reported strong Q3 earnings, beating analyst expectations with an EPS of $2.58 and revenue of $698.8 million, and maintains a "Moderate Buy" consensus rating from analysts.

SouthState Bank (SSB) has seen its stock price rebound by 9% over the past month, prompting a re-evaluation of its valuation. Despite the recent surge, the article explores whether the bank is genuinely undervalued given its growing earnings and discount to analyst targets, or if the market has already factored in its future growth potential. Concerns about net interest margin pressure and commercial real estate risks are also considered.