(SSB) SouthState - Ratings and Ratios

SouthState Corporation is a bank holding company that provides a comprehensive range of financial services to individuals and businesses across the United States through its subsidiary, SouthState Bank, National Association. The companys extensive product portfolio includes various deposit accounts, loans, and credit products, as well as asset and wealth management services, treasury management, and alternative investment products. With a history dating back to 1933, SouthState Corporation has established itself as a significant player in the regional banking sector, headquartered in Winter Haven, Florida.

Analyzing the companys financials and market performance, we observe that SouthState Corporation has a market capitalization of approximately $8.92 billion USD, with a price-to-earnings ratio of 13.86 and a forward P/E of 10.81. The return on equity stands at 7.81%, indicating a relatively stable profitability profile. The stocks current price is $87.33, with a 20-day simple moving average (SMA) of $89.28, a 50-day SMA of $87.69, and a 200-day SMA of $96.01. The average true range (ATR) is 2.30, representing a 2.63% volatility.

Based on the provided technical and fundamental data, a forecast for SouthState Corporation can be derived. The stock is currently trading below its 20-day and 50-day SMAs, indicating a potential short-term bearish trend. However, the P/E and forward P/E ratios suggest that the stock may be undervalued, presenting a potential buying opportunity. Considering the companys stable profitability profile and the overall trend in the regional banking sector, a potential price target for SSB could be around $95-$100 in the medium term, representing a 9-15% increase from the current price. Nevertheless, this forecast is contingent upon the stocks ability to break above its current resistance levels and maintain a stable upward trend.

To achieve the forecasted price target, SouthState Corporation will need to maintain its current profitability profile and potentially benefit from a favorable interest rate environment. The companys diversified product portfolio and established presence in the regional banking sector position it for potential long-term growth. However, the stocks current volatility and the overall market conditions will need to be closely monitored to adjust the forecast accordingly.