Media headlines about South State (NASDAQ:SSB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. South State earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 44.7686668264577 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Becky Hammon discussed head coaching job with Colorado State but ultimately decided to stay in the NBA (reporterherald.com)
- South Africa – the small town where your fortunes depends on who you know (iol.co.za)
- Ohio State outlasts South Dakota State 81-73 (latimes.com)
- South State (SSB) Downgraded by BidaskClub (americanbankingnews.com)
- Australia looks into resettling white South African farmers who say they are persecuted (washingtonpost.com)
Shares of SSB stock opened at $89.05 on Wednesday. The firm has a market cap of $3,294.10, a PE ratio of 29.88, a PEG ratio of 1.93 and a beta of 1.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.93. South State has a 1 year low of $78.60 and a 1 year high of $94.50.
A number of brokerages have issued reports on SSB. BidaskClub raised shares of South State from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Brean Capital reissued a “hold” rating on shares of South State in a research report on Wednesday, December 6th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $102.00 price objective on shares of South State in a research report on Tuesday, February 27th. SunTrust Banks reissued a “buy” rating and set a $107.00 price objective on shares of South State in a research report on Wednesday, November 29th. Finally, Zacks Investment Research raised shares of South State from a “hold” rating to a “strong-buy” rating and set a $102.00 price objective on the stock in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. South State has an average rating of “Hold” and an average price target of $100.50.
In other news, Director James C. Cherry sold 11,507 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $88.52, for a total value of $1,018,599.64. Following the sale, the director now directly owns 11,500 shares of the company’s stock, valued at approximately $1,017,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert R. Hill, Jr. sold 9,272 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $91.01, for a total transaction of $843,844.72. Following the completion of the sale, the chief executive officer now directly owns 111,879 shares in the company, valued at $10,182,107.79. The disclosure for this sale can be found here. Insiders sold a total of 32,252 shares of company stock worth $2,887,856 over the last ninety days. Insiders own 1.96% of the company’s stock.
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South State Company Profile
South State Corporation (NASDAQ: SSB) is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company’s primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years.
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