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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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Industry | Banks-Regional |
Sector | Financial Services |
CurrencyCode | USD |
Exchange | NASDAQ |
Target Price | 88 |
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Dividend Yield | 2.9% |
Market Cap | 5B |
Beta | 0.81 |
PE Ratio | 10.33 |
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. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment loans. In addition, it provides debit card, mobile and funds transfer products, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust and asset management services; and credit cards, letters of credit, and home equity lines of credit. SouthState Corporation also serves its customers through 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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