The chart of South State Corporation (SSB) shows a double top with $86.32 target or 21.00% above today’s $71.34 share price. The 5 months chart pattern indicates low risk for the $1.73 billion company. It was reported on Dec, 12 by Finviz.com. If the $86.32 price target is reached, the company will be worth $363.30 million more. Double tops are rare but powerful chart patterns. The stock is up 1.01% or $0.71 after the news, hitting $71.34 per share. About 105,794 shares traded hands. South State Corporation (NASDAQ:SSB) has risen 4.67% since May 8, 2015 and is uptrending. It has outperformed by 7.68% the S&P500.
Out of 7 analysts covering South State Corp (NASDAQ:SSB), 2 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $90 is the highest target while $74 is the lowest. The $81.42 average target is 14.94% above today’s ($71.34) stock price. South State Corp was the topic in 3 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Stephens initiated the stock on December 2 with “Equal-Weight” rating.
According to Zacks Investment Research, “South State Corporation is a bank holding company for South State Bank. The Bank provides a range of retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans. It offers demand, time and savings deposits, lending and credit card servicing; automated teller machine processing; and wealth management and trust services. South State Corporation, formerly known as First Financial Holdings, Inc., is headquartered in South Carolina.” Get a free copy of the Zacks research report on South State Corporation (SSB).
More recent South State Corporation (NASDAQ:SSB) news were published by: Businesswire.com which released: “James C. Mabry IV joins South State Corporation as Executive Vice President of …” on August 18, 2015. Also Businesswire.com published the news titled: “South State Corporation Announces the Acquisition of 13 Branches” on April 22, 2015. Businesswire.com‘s news article titled: “South State Corporation Reports Third Quarter Operating EPS of $1.12 …” with publication date: October 23, 2015 was also an interesting one.
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