
South State (SSB) Stock Forecast & Price Target
South State (SSB) Analyst Ratings
Bulls say
SouthState Bank Corp has demonstrated solid loan production growth, with a year-over-year increase in loan production observed at $3.4 billion, reflecting a 67% year-to-date rise in Texas and Colorado. The bank is anticipating accelerated net loan growth moving forward, particularly in commercial and residential lending, supported by a positive outlook on core profitability metrics despite slight reductions in core net interest income. Additionally, the favorable adjustment of earnings estimates reflects strong performance in correspondent banking and capital markets-driven fees, indicating a robust financial health and growth potential for the bank going into future quarters.
Bears say
The financial outlook for SouthState Bank Corp indicates a negative trend, highlighted by a downward adjustment to the price target and an anticipated slowdown in year-over-year earnings per share growth due to early recognition of deal-related income. The core net interest margin (NIM) of 3.48% fell short of expectations, suggesting potential challenges in future earnings capacity, especially if interest rates decrease beyond projections. Additionally, risks related to regulatory changes and the bank's ability to integrate acquisitions effectively could further exacerbate earnings volatility and negatively impact stock performance.
This aggregate rating is based on analysts' research of South State and is not a guaranteed prediction by Public.com or investment advice.
South State (SSB) Analyst Forecast & Price Prediction
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