SouthState Stock: A Deep Dive Into Analyst Perspectives (3 Ratings)
Portfolio Pulse from Benzinga Insights
SouthState (NYSE:SSB) received mixed analyst ratings with 1 bullish and 2 indifferent in the past three months. The average 12-month price target is $91.0, up from the previous $72.0, with a high estimate of $102.00 and a low of $78.00. The company, a bank holding company operating in the Southeastern US, has shown strong profitability with a net margin of 28.99% and ROE of 2.36%, but experienced a revenue decline of -1.65% over the last quarter.
January 29, 2024 | 2:00 pm
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SouthState has a new average 12-month price target of $91, reflecting a positive sentiment from analysts. Despite a recent revenue decline, strong profitability metrics like net margin and ROE may support investor confidence.
The increase in the average price target to $91 suggests a bullish outlook from analysts, which could lead to positive investor sentiment and a potential short-term increase in stock price. The strong profitability indicators such as net margin and ROE support this view, despite the recent revenue decline. The relevance is high as the article is directly about SouthState's analyst ratings and financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100