How to Buy Southstate Stock
Southstate Corp
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.
Southstate stock last closed at $85.22, down 3.09% from the previous day, and has increased 18.03% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.02 percentage points. Southstate stock is currently +20.57% from its 52-week low of $70.68, and -25.42% from its 52-week high of $114.27.
There are currently 101.49M SSB shares outstanding. The market value of SSB is $8.65B. In the past 24 hours, 855,000 SSB shares were traded.
How to Buy Southstate Stock
Not sure how to invest in Southstate stock? Here's how.
- Decide where to buy Southstate stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Southstate stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your information.
- Research Southstate stock: The Southstate ticker symbol is SSB. Is Southstate stock a good investment? Should you buy shares of SSB? How do SSB's underlying business fundamentals look? Do top analysts think Southstate is a good buy? Why has SSB's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if SSB is a good stock to buy).
- Place your SSB purchase: Decide if you will purchase SSB shares at the current market price or use a limit order to purchase SSB shares at a given price.
- Keep tabs on your SSB investment: Create a watchlist to the latest updates on your investment in Southstate stock.
Step 1: Decide where to buy Southstate stock
You will need a brokerage account to access the NYSE market and buy SSB stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you can buy SSB stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your investment account
Now that you've created your account on stock apps to use, you need to deposit funds:
Check out this video walkthrough for more details depositing money into your brokerage account.
Step 4: Research Southstate stock
After you have decided on the best place to buy Southstate stock, it's absolutely critical to evaluate their stock before you invest, so you truly comprehend the risk and upside.
Southstate stock quick numbers
Southstate Fundamentals
WallStreetZen was built to help average investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on SSB's stock page.
What is the fair value of SSB stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SSB's intrinsic value.
Using relative valuations ratios:
- SSB could be overvalued based on its P/E ratio of 13.34x, relative to Banks - Regional industry P/E ratio of 11.9x
- SSB could be undervalued based on its P/B ratio of 1x, relative to Banks - Regional industry P/B ratio of 1.15x
- SSB may be undervalued based on its PEG ratio of 0.75x
You can do more valuation research on SSB's stock here.
A quick look at SSB Financials
Pros:
- SSB earnings of $667.98M is not sufficient to cover its interest payments.
Cons:
- SSB's operating cash flow of $108.04M allows it to safely service it's debt of $1.43B.
- SSB profit margin has gone down from 29.2% to 27.8% in the past year.
- Total SSB debt is higher than 5 years ago, relative to shareholder equity.
- SSB has a relatively high debt to equity ratio of 6.55.
Is SSB stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 9 Equities analysts who monitor SSB, the consensus analyst rating on Southstate is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest SSB Analyst Recommendations
Jared Shaw, a bottom 8% analyst from Barclays maintains SSB with a strong buy rating and lowers their SSB price target from $120.00 to $115.00, on Apr 8, 2025.
Michael Rose, a top 9% analyst from Raymond James upgrades SSB to a strong buy rating and lowers their SSB price target from $120.00 to $115.00, on Apr 2, 2025.
Ben Gerlinger, a top 14% analyst from Citigroup upgrades SSB to a strong buy rating and raises their SSB price target from $106.00 to $128.00, on Jan 27, 2025.
Citigroup's Ben Gerlinger upgraded their rating on Southstate (NYSE: SSB) from Hold to Strong Buy on 2025/01/27. The analyst also raised their price target by 20.8% from $106 to $128.
Southstate reported its Q4 and FY 2024 earnings on 2025/01/23.
In light of the enhanced operational and profitability prospects brought about by the merger of CenterState, South State, and Independent Oil and Gas, the current share price represents a "clearly positive risk/reward" opportunity, Gerlinger told investors.
Although Southstate's expansion into Texas could cause operational "turbulence," the analyst said they still believe the stock's price is "too good to ignore."
South State is in a strong financial position to increase its organic net interest margin, thanks to a securities reorganization that more than offsets the sale and lease-back of branches, Gerlinger noted.
Footnotes
Earnings Report
Southstate reported:
For Q4 2024:
- EPS of $1.93, which beat the Zacks Consensus Estimate of $1.73 and, by 15.6%, Q4 2023’s $1.67.
- Revenue of $450.32M, which beat the Zacks Consensus Estimate by 3.37% and, by 7.3%, Q4 2023’s $419.72M.
For FY 2024:
- EPS of $7.21, up 5.1% Y/Y.
Management did not provide EPS and revenue guidance in its press release.
CEO John C. Corbett commented: "SouthState finished strong in 2024.
“We produced steady growth in loans and deposits and had a nice uptick in net interest margin and fees.
“The result was net income of $144M and a 9% increase in PPNR over Q3, driven by 6% revenue growth.
"We were also pleased to receive prompt regulatory approval of the IBTX acquisition, which allowed us to close ahead of schedule on 2025/01/01.
“With Independent Financial, our momentum carries forward into 2025.
“We will continue working to build a high-quality bank with scale in the fastest growing markets in the country."
Nicholas Holowko, a bottom 18% analyst from UBS initiates coverage on SSB with a strong buy rating and announces their SSB price target of $132.00, on Dec 17, 2024.
You can dive deeper into what analysts are saying on the Southstate stock forecast page.
Metrics for Advanced SSB Traders
SSB Performance Numbers
Last year, SSB earnings were $508.81M. During the last five year, SSB's earnings have increased by 5.58% per year. This was slower than the Banks - Regional industry average of 17.8%.
Last year, SSB revenue was $1.83B. During the past 5 year, SSB's revenue has gone up by 24.28% per year. This was faster than the Banks - Regional industry average of 13.05%.
Dig into SSB's earnings and revenue performance here.
Who is buying/selling SSB?
Over the last year, insiders at SSB have sold more shares than they have bought.
Shantella E. Cooper, Director of SSB, was the latest SSB insider to buy. They bought $25,079.25 worth of SSB shares on May 5, 2025.
Research more about who owns SSB shares here.
Does SSB provide a stable income stream?
Southstate pays a dividend of 1.9%, compared to the Banks - Regional industry's average dividend yield of 2.96%. If you owned $1,000 of SSB stock, you would have received $19.01 in the past year.
Southstate dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Southstate dividend yield and history here.
Get opinions from other traders
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Step 5: Place your SSB purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, place a limit order.
Hit the Open button and your broker will execute the order.
If you want more assistance investing in stocks on eToro, click the how to video below:
Step 6: Keep tabs on your SSB investment
Now that you own some SSB shares, you'll want to stay up-to-date on your shares.
Start a watchlist to track the most important metrics related to your SSB stock.
SSB Feed
How to Buy Stock in Southstate
To summarize, here are the 6 steps for buying Southstate stock:
- Decide where to buy Southstate stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Southstate stock
- Place your SSB purchase
- Keep tabs on your SSB investment
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Southstate, create a watchlist on WallStreetZen today.
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