South State (SSB) Given Daily Media Sentiment Score of 0.09

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Press coverage about South State (NASDAQ:SSB) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. South State earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.9408148062948 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

A number of research analysts recently issued reports on SSB shares. TheStreet upgraded South State from a “c+” rating to an “a” rating in a report on Thursday, May 24th. Zacks Investment Research downgraded South State from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. BidaskClub upgraded South State from a “sell” rating to a “hold” rating in a report on Saturday, June 23rd. Brean Capital restated a “hold” rating on shares of South State in a report on Monday, July 30th. Finally, Sandler O’Neill restated a “hold” rating and set a $81.00 price target on shares of South State in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $93.20.

SSB stock opened at $81.40 on Friday. South State has a fifty-two week low of $78.60 and a fifty-two week high of $94.50. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.77 and a beta of 0.94.

South State (NASDAQ:SSB) last posted its earnings results on Monday, July 30th. The bank reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.04). South State had a return on equity of 8.41% and a net margin of 18.27%. The firm had revenue of $167.10 million for the quarter, compared to analysts’ expectations of $177.03 million. During the same quarter last year, the company posted $1.18 EPS. The firm’s revenue was up 24.4% on a year-over-year basis. analysts expect that South State will post 5.83 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 17th were issued a dividend of $0.35 per share. This is an increase from South State’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.72%. South State’s dividend payout ratio is 28.87%.

In other news, Director Martin Bernard Davis bought 1,000 shares of South State stock in a transaction on Wednesday, August 1st. The shares were purchased at an average price of $84.03 per share, for a total transaction of $84,030.00. Following the acquisition, the director now owns 1,820 shares of the company’s stock, valued at $152,934.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.96% of the stock is currently owned by corporate insiders.

About South State

South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, trust and wealth management, and consumer finance loans. The company accepts demand deposits, savings deposits, interest-bearing transaction accounts, certificates of deposit, and other time deposits; and offers lending and credit card, ATM processing, and wealth management and trust services.

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