South State

SouthState: TD Cowen Raises Price Target to $120 from $115.

Citigroup

Citigroup Raises SouthState PT to $120, Maintains Buy Rating

SouthState: Barclays raises PT to $126 from $122, maintains Overweight rating

SouthState: DA Davidson maintains Buy, raises PT to $119 from $112.

SouthState: Stephens & Co. raises PT to $120 from $110, maintains Overweight.

Catalyst<ul> <li>Most analysts rate SSB Buy or Strong Buy, showing broad institutional optimism.</li></ul>Risk<ul> <li>Fund flows show negative trends across all order sizes indicating potential lack of investor confidence.</li> <li>Bearish technical signals such as recent MACD Golden Cross events are dominant over bullish ones.</li></ul>

Key Factors

SouthState (SSB) reported Q4 2025 earnings with EPS of $2.47, exceeding the consensus forecast of $2.10 by 17.62%. SSB's loan portfolio reached $48.6 billion, a 43.4% year-over-year increase, following the acquisition of Independent Financial. SSB's deposits rose to $55.1 billion, up 44.9% year-over-year, as part of its strategic expansion into high-growth regions. SSB's Q4 net interest margin was 3.9%, higher than the estimated 3.8%, with an efficiency ratio of 49.7%, below the estimated 52%. SSB's CEO stated that the integration of Independent Financial is complete and highlighted a 30% increase in earnings per share and a 11% dividend increase.

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