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SouthState Corporation ( (SSB) ) has issued an announcement.
SouthState Corporation has undergone a redomicile, resulting in New SSB assuming all rights and obligations under the company’s senior revolving credit facility with U.S. Bank, as well as Old SSB’s obligations related to trust preferred securities and subordinated notes. This transition includes assuming $350 million in subordinated debt due 2035, $130 million in junior subordinated notes due 2030, and $175 million in subordinated debentures due 2034. The officers and directors of Old SSB have transitioned to New SSB, maintaining their roles in accordance with the new corporate structure.
The most recent analyst rating on (SSB) stock is a Buy with a $109.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.
Spark’s Take on SSB Stock
According to Spark, TipRanks’ AI Analyst, SSB is a Outperform.
SouthState Corporation’s overall stock score is driven by strong financial performance, particularly in revenue growth and balance sheet strength, despite some cash flow challenges. The positive technical indicators and reasonable valuation further support the stock’s attractiveness. The optimistic earnings call, highlighting significant loan production and strategic advancements, enhances the overall outlook.
To see Spark’s full report on SSB stock, click here.
More about SouthState Corporation
Average Trading Volume: 1,107,471
Technical Sentiment Signal: Strong Buy
Current Market Cap: $10.4B
See more data about SSB stock on TipRanks’ Stock Analysis page.