Stephens Begins Coverage on South State Corp (NASDAQ:SSB). What’s Next?

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How Stephens Currently Rates South State Corp (NASDAQ:SSB)

Research professionals at Stephens launched coverage South State Corp (NASDAQ:SSB) shares in recent note finalized on Wednesday morning, IR.net reports. The brokerage firm has set a Equal-weight rating on SSB stock.

From a total of 6 analysts covering South State Corp (NASDAQ:SSB) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $90 while the lowest target price is $74. The mean of all analyst targets is $81.32 with a 4.17% above today’s ($78.72) stock price. South State Corp was the topic of 2 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Piper Jaffray initiated shares on September 21 with “Neutral” rating.

The stock closed the day at $78.72 during the previous session. It is down 12.18% since April 29, 2015 and is uptrending. It has outperformed by 12.39% the S&P500.

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).

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