SSB Stock Summary and Trading Ideas (Southstate | NYSE:SSB)

SouthState Corp is a United States-based bank holding company. It provides a wide range of banking services and products to its customers through a wholly-owned bank subsidiary, South State Bank. The Bank provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans through financial centers in Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. These services include demand, time and savings deposits, lending and credit cards servicing, ATM processing, and wealth management and trust services.

Southstate trades on the NYSE stock market under the symbol SSB.

As of April 19, 2024, SSB stock price climbed to $78.33 with 593,448 million shares trading.

SSB has a beta of 1.38, meaning it tends to be more sensitive to market movements. SSB has a correlation of 0.27 to the broad based SPY ETF.

SSB has a market cap of $5.97 billion. This is considered a Mid Cap stock.

Last quarter Southstate reported $420 million in Revenue and $1.67 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.13.

In the last 3 years, SSB stock traded as high as $93.34 and as low as $59.51.

The top ETF exchange traded funds that SSB belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

SSB has underperformed the market in the last year with a return of +17.9%, while the SPY ETF gained +21.2%. In the last 3 month period, SSB fell short of the market, returning -1.7%, while SPY returned +4.3%. However, in the most recent 2 weeks SSB has outperformed the stock market by returning -2.2%, while SPY returned -3.5%.

SSB support price is $75.01 and resistance is $78.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SSB stock will trade within this expected range on the day.