The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for SouthState Corporation (SSB) shows that investor sentiment remained same, with the stock’s consolidated last price to $74.85. The SouthState Corporation has recorded 22,462 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed SouthState Builds PayTech and Private Capital Solutions Team.
The company is listed on the NASDAQ and operates within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $74.85 and fluctuated between $75.17 as its day high and $71.56 as its day low. The current market capitalization of SouthState Corporation is $5.69B. A total of 0.8 million shares were traded on the day, compared to an average of 374.25K shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SSB has seen 10 BUY and 1 SELL insider trades, representing the acquisition of 12,150 and the disposition of 690 shares. Over the last 12 months, there were 62 BUYs and 45 SELLs from insiders. Insiders purchased 183,805 shares during that period but sold 235,208.
In the most recent transaction, PAGE G RUFFNER JR bought 2,633 shares of SSB for 68.93 per share on Nov 13. After the transaction, the Director now owns 76,811 company shares. In a previous transaction on Aug 04, Lapointe Greg A sold 4,000 shares at 79.19 per share. SSB shares that Chief Banking Officer owns now total 23,676.
Among the insiders who sold shares, POLLOK JOHN C disposed of 7,744 shares on Jun 02 at a per-share price of $67.24. This resulted in the Director holding 729 shares of SSB after the transaction. In another insider transaction, PAGE G RUFFNER JR bought 14,000 shares at $71.75 per share on Mar 10. Company shares held by the Director now total 72,963.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. SouthState Corporation pays an annual dividend of $2.04, resulting in a dividend yield of 2.73%, and it has a price to earnings (P/E) ratio of 10.77. SSB’s most recent ex-dividend date was 11/9/2023 when it declared a $0.52 quarterly dividend that was paid in cash on 11/17/2023. Previously, the company paid the dividend on 8/18/2023 with an ex-dividend date of 8/10/2023. The SSB stock dividend was $0.52 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SSB in the last 3 months, the mean price target is $78.16 with high estimates of $85.00 and low estimates of $72.00. In terms of 52-week highs and lows, SSB has a high of $88.60 and a low of $59.51.
As of this writing, SSB has an earnings estimate of $1.54 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.64 per share and a lower estimate of $1.49. The company reported an EPS of $1.63 in the last quarter, which was -10.90% lower than expectations of $1.83.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $68.81, while its Total Shareholder’s Equity was $4.80B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SSB is Buy with a score of 3.86.