Hovde Group analysts reiterates a Market perform rating for SouthState Corporation (SSB)

SouthState Corporation’s recently made public that its President MURRAY RICHARD IV unloaded Company’s shares for reported $0.52 million on Aug 14 ’25. In the deal valued at $97.20 per share,5,302 shares were sold. As a result of this transaction, MURRAY RICHARD IV now holds 60,798 shares worth roughly $5.84 million.

Then, MURRAY RICHARD IV bought 5,302 shares, generating $514,294 in total proceeds.

Before that, SMITH G STACY bought 2,500 shares. SouthState Corporation shares valued at $230,750 were divested by the Director at a price of $92.30 per share. As a result of the transaction, SMITH G STACY now holds 39,546 shares, worth roughly $3.8 million.

Hovde Group reiterated its SouthState Corporation [SSB] rating to a Market perform in a research note published on July 25, 2025; the price target was $105. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Truist began covering SSB with “Buy” recommendation on May 13, 2025. Raymond James revised its rating on April 02, 2025. It rated SSB as “a Strong buy” which previously was an “an Outperform”.

Price Performance Review of SSB

On Monday, SouthState Corporation [NYSE:SSB] saw its stock jump 0.62% to $95.99. Over the last five days, the stock has gained 4.29%. SouthState Corporation shares have risen nearly 9.37% since the year began. Nevertheless, the stocks have fallen -3.51% over the past one year. While a 52-week high of $114.26 was reached on 01/29/25, a 52-week low of $77.74 was recorded on 04/07/25.

Levels Of Support And Resistance For SSB Stock

The 24-hour chart illustrates a support level at 95.33, which if violated will result in even more drops to 94.67. On the upside, there is a resistance level at 96.32. A further resistance level may holdings at 96.66.

How much short interest is there in SouthState Corporation?

A steep rise in short interest was recorded in SouthState Corporation stocks on 2025-07-31, dropping by -1.64 million shares to a total of 2.73 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-30 was 4.36 million shares. There was a decline of -60.05%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 01, 2025 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $120 price target.

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