Insider Filing: Alton Phillips just Sold 1,000 shares of South State Corporation (NASDAQ:SSB), be careful if you are long!

November 23, 2016 - By Darrin Black

Insider Filing: Alton Phillips just Sold 1,000 shares of South State Corporation (NASDAQ:SSB), be careful if you are long!

Alton Phillips Insider Sell

As stated in the DC-based SEC, a document for the trade of 1,000 shares of South State Corp by Alton Phillips was filled. Alton Phillips is currently the director of the corporation. The form was filled on 23/11/2016. Alton Phillips’s shares were sold at average $86.0 for share, and $86,000 U.S Dollars. In the last month, he also unloaded 3,000 shares with a total value $243,147 USD. Alton Phillips right now has ownership of 0.07% of South State Corp’s total market cap with ownership of 17,728 shares. 

South State Corporation (NASDAQ:SSB) Ratings Coverage

Out of 4 analysts covering South State Corp (NASDAQ:SSB), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $82 is the highest target while $78 is the lowest. The $80 average target is -7.57% below today’s ($86.55) stock price. South State Corp has been the topic of 5 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Monday, September 21, the company rating was initiated by Piper Jaffray. The company was initiated on Wednesday, December 2 by Stephens. Wood initiated it with “Outperform” rating and $78 target price in Monday, June 20 report. The rating was upgraded by FIG Partners to “Outperform” on Monday, January 25.

About 37,202 shares traded hands. South State Corporation (NASDAQ:SSB) has risen 24.84% since April 21, 2016 and is uptrending. It has outperformed by 19.51% the S&P500.

According to Zacks Investment Research, “South State Corporation is a bank holding company for South State Bank. The Bank provides a range of retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans. It offers demand, time and savings deposits, lending and credit card servicing; automated teller machine processing; and wealth management and trust services. South State Corporation, formerly known as First Financial Holdings, Inc., is headquartered in South Carolina.”

Analysts await South State Corporation (NASDAQ:SSB) to report earnings on January, 27. They expect $1.15 earnings per share, up 3.60% or $0.04 from last year’s $1.11 per share. SSB’s profit will be $27.90 million for 18.82 P/E if the $1.15 EPS becomes a reality. After $1.18 actual earnings per share reported by South State Corporation for the previous quarter, Wall Street now forecasts -2.54% negative EPS growth.

More news for South State Corporation (NASDAQ:SSB) were recently published by: Seekingalpha.com, which released: “South State Corporation (SSB) CEO Robert Hill on Q3 2016 Results – Earnings ..” on October 21, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: South State, Charles Schwab and Great Western Bancorp” and published on August 08, 2016 is yet another important article.

SSB Company Profile

South State Corporation (South State), formerly First Financial Holdings, Inc., incorporated on February 22, 1985, is a bank holding company. The Firm provides a range of banking services and products to its clients through its bank subsidiary, South State Bank (the Bank), a South Carolina-chartered commercial bank. The Bank provides a range of retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans. The Firm serves clients and conducts its business from over 120 financial centers in over 20 South Carolina counties, over four North Carolina counties, over 10 northeast Georgia counties and approximately two coastal Georgia counties. Through the Bank, the Company provides its clients with checking accounts, Negotiable Order of Withdrawal (NOW) accounts, savings and time deposits of various types, brokerage services and alternative investment products, such as annuities and mutual funds, trust and asset management services, business loans, agriculture loans, real estate loans, personal use loans, home improvement loans, automobile loans, credit cards, letters of credit, home equity lines of credit, safe deposit boxes, bank money orders, wire transfer services, correspondent banking services and use of automated teller machine (ATM) facilities.

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