South State price target lowered to $110 from $115 at Stephens

Stephens lowered the firm’s price target on South State (SSB) to $110 from $115 and keeps an Overweight rating on the shares. Lower core net interest income was offset by stronger correspondent banking and capital markets-driven fees and lower expenses, but a core net interest margin miss and lower related outlook for 2026 is weighing on the firm’s 2026 pre-provision net revenue expectations, the analyst tells investors.