South State was Downgraded to a Hold Rating at KBW

By Jason Carr

South State (NASDAQ: SSB) received a Hold rating from KBW analyst Jefferson Harralson today. The company’s shares closed yesterday at $84.85, close to its 52-week high of $87.75.

According to TipRanks.com, Harralson is a 5-star analyst with an average return of 17.9% and a 82.9% success rate. Harralson covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, Pinnacle Financial Partners, and Southern First Bancshares.

South State has an analyst consensus of Hold.

South State’s market cap is currently $2.05B and has a P/E ratio of 20.06. The company has a book value ratio of 1.8273.

South State Corp. is a bank holding company. The company through its primary subsidiary provides banking services; South State Bank serves the financial needs of local communities in South Carolina, Georgia and North Carolina. Its other subsidiaries include Minis & Co., Inc., First Southeast 401K Fiduciaries, Inc., and First Southeast Investor Services. South State was founded on February 22, 1985 and is headquartered in Columbia, SC.