Wealth Enhancement Advisory Services LLC Raises Stock Position in SouthState Bank Corporation $SSB

Wealth Enhancement Advisory Services LLC raised its holdings in shares of SouthState Bank Corporation (NYSE:SSB) by 168.3% during the third quarter, Holdings Channel.com reports. The fund owned 84,046 shares of the company’s stock after buying an additional 52,718 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SouthState Bank were worth $8,406,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Laurel Wealth Advisors LLC raised its stake in SouthState Bank by 9,074.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,435,668 shares of the company’s stock valued at $132,125,000 after purchasing an additional 1,420,019 shares during the period. Norges Bank purchased a new stake in SouthState Bank during the 2nd quarter valued at approximately $109,029,000. Qube Research & Technologies Ltd bought a new stake in shares of SouthState Bank during the second quarter valued at approximately $81,769,000. Jane Street Group LLC boosted its position in shares of SouthState Bank by 810.7% during the second quarter. Jane Street Group LLC now owns 755,705 shares of the company’s stock worth $69,548,000 after acquiring an additional 672,721 shares during the last quarter. Finally, Invesco Ltd. grew its stake in SouthState Bank by 90.8% during the second quarter. Invesco Ltd. now owns 1,173,003 shares of the company’s stock valued at $107,951,000 after acquiring an additional 558,252 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

More SouthState Bank News

Here are the key news stories impacting SouthState Bank this week:

• Positive Sentiment: Q4 beat — SouthState reported $2.47 EPS vs. $2.30 expected and revenue of $686.9M vs. ~$667.9M, driven by higher net interest income and fee revenue; EPS rose ~28% year-over-year. MarketBeat Q4 Results
• Positive Sentiment: Shareholder returns boosted — company declared a $0.60 quarterly dividend (ex-div Feb 6) and authorized a new stock repurchase plan, supporting capital return expectations. Press Release
• Positive Sentiment: Balance-sheet momentum — loan and deposit growth accelerated in the quarter, reinforcing revenue runway from higher earning assets. Investing.com Article
• Neutral Sentiment: Full detail available — the company’s Q4 earnings call transcript and slide presentation give management commentary and metrics for investors doing deeper diligence. Earnings Call Transcript Presentation
• Neutral Sentiment: Analyst narrative shifting — coverage and price-target commentary are changing after the print; this could re-rate sentiment but the direction depends on follow-through from guidance and capital metrics. Yahoo Finance: Analyst Update
• Neutral Sentiment: Talent hire announced — new strategic hiring aimed at 2026 growth; likely helpful longer-term but low immediate impact on results. Talent Acquisition Release
• Negative Sentiment: Rising provisions and higher operating expenses — analysts and press coverage note increased loan-loss provisions and expense growth that weighed on margins despite the top-line beat, a key reason investors are cautious. Zacks Earnings Analysis

Wall Street Analysts Forecast Growth

Several brokerages have commented on SSB. Weiss Ratings reiterated a “hold (c+)” rating on shares of SouthState Bank in a research note on Monday, December 29th. JPMorgan Chase & Co. began coverage on SouthState Bank in a research note on Friday, December 12th. They set an “overweight” rating and a $115.00 price target for the company. Stephens cut their price target on SouthState Bank from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Piper Sandler decreased their price objective on SouthState Bank from $121.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, October 27th. Finally, TD Cowen cut their target price on shares of SouthState Bank from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.07.

SouthState Bank Price Performance

Shares of SSB stock opened at $100.18 on Friday. The stock has a market capitalization of $10.07 billion, a P/E ratio of 12.75 and a beta of 0.74. SouthState Bank Corporation has a 1 year low of $77.74 and a 1 year high of $109.64. The company’s 50 day moving average is $94.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93.

SouthState Bank (NYSE:SSB) last released its earnings results on Thursday, January 22nd. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.17. The firm had revenue of $686.87 million for the quarter, compared to the consensus estimate of $667.88 million. SouthState Bank had a return on equity of 10.94% and a net margin of 21.26%.During the same quarter in the previous year, the company posted $1.93 EPS.

SouthState Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, February 6th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, February 6th. SouthState Bank’s dividend payout ratio (DPR) is 30.53%.

SouthState Bank Profile

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.