SouthState stock is trading -16.51% below its average target price of $84.25 after dropping -2.3% during today's afternoon session. Analysts are giving the mid-cap Banking company an average rating of buy and target prices ranging from $74.0 to $95.0 per share.
The stock has an average amount of shares sold short at 7.5%, and a short ratio of 9.02. Since 1.15% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 83.1% of SouthState's shares being owned by this investor type.
Institutions Invested in SouthState
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Blackrock Inc. | 12% | 8,927,017 | $627,926,343 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 12% | 8,780,487 | $617,619,423 |
| 2023-03-31 | T. Rowe Price Investment Management, Inc. | 5% | 3,932,544 | $276,615,130 |
| 2023-03-31 | State Street Corporation | 4% | 3,402,771 | $239,350,899 |
| 2023-03-31 | Select Equity Group, Inc. | 4% | 3,063,903 | $215,514,925 |
| 2023-03-31 | Victory Capital Management Inc. | 4% | 2,769,066 | $194,776,092 |
| 2023-03-31 | Dimensional Fund Advisors LP | 3% | 2,300,809 | $161,838,896 |
| 2023-03-31 | Bank of America Corporation | 3% | 2,017,648 | $141,921,352 |
| 2023-03-31 | American Century Companies, Inc. | 3% | 1,935,668 | $136,154,880 |
| 2023-03-31 | Franklin Resources, Inc. | 2% | 1,773,757 | $124,766,060 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on SouthState.
