"" SouthState Bank CFO William E. Matthews V has sold $435,720 worth of the company’s common stock. Matthews V, who directly holds 40,568 shares, sold 4,000 shares at a price of $108.93 per share on August 19, 2026.
The stock has seen a 19% year-to-date gain and a P/E ratio of 11.29. According to InvestingPro analysis, SouthState Bank appears undervalued at current levels. The company has raised its dividend for 14 consecutive years, currently yielding 2.4%.
SouthState Corporation reported its second-quarter 2026 earnings, surpassing Wall Street’s expectations. The company announced earnings of $2.35 per share, exceeding the projected $2.30 per share. However, SouthState’s revenue for the same period was $672.68 million, which fell slightly short of the anticipated $676.75 million.
TD Cowen has raised its price target for SouthState to $120 from $114, maintaining a Buy rating on the stock. The firm highlighted that the bank’s core net interest margin expanded, with the reported margin remaining stable. SouthState has guided its net interest margin to stay within the 3.75% to 3.8% range through 2027.
Recent Developments
SouthState Bank’s recent financial performance and analyst sentiment indicate a focus on stable financial performance.
Market Performance
The stock has seen a 19% year-to-date gain and a P/E ratio of 11.29.
Dividend History
SouthState Bank has raised its dividend for 14 consecutive years, currently yielding 2.4%.
Analyst Sentiment
TD Cowen has raised its price target for SouthState to $120 from $114, maintaining a Buy rating on the stock.
