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1 Comment
South State Corporation is currently in a long term uptrend where the price is trading 1.7% above its 200 day moving average.
From a valuation standpoint, the stock is 57.0% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.9.
South State Corporation's total revenue rose by 121.6% to $356M since the same quarter in the previous year.
Its net income has increased by 75.7% to $86M since the same quarter in the previous year.
Finally, its free cash flow grew by 247.2% to $177M since the same quarter in the previous year.
Based on the above factors, South State Corporation gets an overall score of 5/5.
ISIN | US8404411097 |
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Sector | Financial Services |
Industry | Banks - Regional |
Exchange | NASDAQ |
CurrencyCode | USD |
PE Ratio | 12.49 |
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Target Price | 117.6 |
Dividend Yield | 2.5% |
Market Cap | 9B |
Beta | 0.64 |
SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States. The company offers checking accounts, savings accounts, money market accounts, and time deposit accounts; interest-bearing deposits, certificates of deposits, and other time deposits; and interest-bearing transaction accounts. It also provides bond accounting services for correspondents, asset/liability consulting related activities, international wires, and other clearing and corporate checking account services. In addition, the company offers commercial real estate, residential real estate, and commercial and industrial loans, as well as consumer loans, including auto, boat, and personal installment, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. Further, it provides debit and credit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking services. Additionally, the company offers safe deposit boxes, bank money orders, wire transfer and ACH services, brokerage services, and alternative investment products, such as annuities and mutual funds, trust and asset management services; letters of credit and home equity lines of credit; and online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.
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