Rating Worth Watching: South State (NASDAQ:SSB) Is Now Covered By Brean Capital. What to Expect?

November 30, 2016 - By Winifred Garcia

Rating Worth Watching: South State (NASDAQ:SSB) Is Now Covered By Brean Capital. What to Expect?

How Brean Capital Rates South State (NASDAQ:SSB)

Analysts at Brean Capital has Hold rating on South State (NASDAQ:SSB). The firm has started coverage on SSBin a research note revealed on 30 November.

South State Corporation (NASDAQ:SSB) Ratings Coverage

Out of 5 analysts covering South State Corp (NASDAQ:SSB), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $82 is the highest target while $78 is the lowest. The $80 average target is -6.60% below today’s ($85.65) stock price. South State Corp has been the topic of 6 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was initiated by Piper Jaffray with “Neutral” on Monday, September 21. The firm has “Outperform” rating given on Monday, January 25 by FIG Partners. Stephens initiated the shares of SSB in a report on Wednesday, December 2 with “Equal-Weight” rating. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Tuesday, November 29. The firm has “Outperform” rating given on Monday, June 20 by Wood.

About 5,402 shares traded hands. South State Corporation (NASDAQ:SSB) has risen 20.34% since April 27, 2016 and is uptrending. It has outperformed by 15.12% the S&P500.

Analysts await South State Corporation (NASDAQ:SSB) to report earnings on January, 27. They expect $1.15 EPS, up 3.60% or $0.04 from last year’s $1.11 per share. SSB’s profit will be $27.79M for 18.62 P/E if the $1.15 EPS becomes a reality. After $1.18 actual EPS reported by South State Corporation for the previous quarter, Wall Street now forecasts -2.54% negative EPS growth.

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.”

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.

More recent South State Corporation (NASDAQ:SSB) news were published by: Nasdaq.com which released: “5 Reasons to Buy South State Corp. (SSB) Stock Now” on November 15, 2016. Also Equitiesfocus.com published the news titled: “South State Corporation (NASDAQ:SSB) To Disburse Dividend Of $0.32” on November 30, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: South State, Charles Schwab and Great Western Bancorp” with publication date: August 08, 2016 was also an interesting one.

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