Citigroup Rates SouthState Bank (SSB) buy, $115 Price Target
SouthState Bank receives a buy rating reiteration from Citigroup, maintaining a $115 price target, a 15.01% upside from the current price.
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Citigroup rated SouthState Bank Corporation ($SSB) "buy" with a $115 price target on June 25, 2026.
Since the rating, $SSB is down 0.6% after 1 week, up 4.3% after 1 month and up 1.9% to date (from the $100.16 close on Jun 25, 2026).
SSB
SouthState Bank Corporation
Key Points
- Citigroup reiterated its buy rating on SouthState Bank (SSB) with a $115 price target on June 25, 2026.
- Citigroup's $115 price target implies 15.01% upside from SouthState Bank Corporation's ($SSB) current $99.99 share price.
- SouthState Bank's stock traded at $99.75 on Friday, with a market cap of $9.84 billion and a P/E ratio of 10.86.
- Analysts maintain a strong buy consensus with a mean target price of $115.69 from 13 opinions.
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Citigroup reiterated its buy rating on SouthState Bank Corporation (NYSE:SSB) on June 25, 2026, maintaining a price target of $115. This reaffirmation comes as shares of SouthState Bank traded at $99.75 on Friday.
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SouthState Bank Corporation Stock Down 3.3%
Shares of NYSE:SSB traded near $99.75 on Friday. SouthState Bank Corporation boasts a market cap of approximately $9.84 billion, with a P/E ratio of 10.86 and a forward P/E of 9.67. The bank's stock has a 52-week low of $84.48 and a high of $108.46, with a 50-day moving average of $96.16 and a 200-day moving average of $95.99.
$SSB price target
SouthState Bank Corporation daily closes and this analyst's $115 target. Not advice.
Analysts Set New Price Targets
On June 25, 2026, Citigroup maintained its buy rating on SouthState Bank, setting a price target of $115. Other analysts have echoed this sentiment, with JP Morgan and TD Cowen also maintaining buy ratings with similar targets. The consensus among 13 analysts is a strong buy, with a mean target price of $115.69.
Insider Buying and Selling at SouthState Bank Corporation
Insider activity at SouthState Bank included several purchases in early May 2026. On May 4, insiders such as Shantella Cooper and Douglas Hertz bought shares at an average price of $96.46. Earlier, on May 1, Benjamin Sasse and Stacy Smith each acquired 1,050 shares at $97.48.
Other Institutional Activity in SouthState Bank
In recent institutional activity, BlackRock, Inc. increased its holdings by 116,333 shares, bringing its total to 9,472,684 shares valued at about $876.41 million. Vanguard Portfolio Management LLC opened a new position with 6,207,998 shares worth approximately $574.36 million. Dimensional Fund Advisors LP added 205,355 shares for a total of 4,934,851 shares valued at $456.55 million. Meanwhile, State Street Corp reduced its stake by 169,113 shares, holding 3,734,578 shares valued at $345.52 million.
About SouthState Bank Corporation
SouthState Bank Corporation, headquartered in Winter Haven, Florida, operates as the holding company for SouthState Bank, National Association. The bank provides a wide range of financial services including checking and savings accounts, loans, and investment products. It serves both individual and business clients across the United States. Led by CEO John C. Corbett, the company employs approximately 6,390 people.
Bottom Line
Citigroup's reiteration of a buy rating for SouthState Bank with a $115 target underscores the bank's solid performance and market confidence. Investors follow these ratings closely as they provide insights into potential stock movements. It's important to note that these analyst ratings are based on past performance and projections, and may not reflect current market conditions.
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Source: Citigroup's rating change on $SSB (Jun 25, 2026). Written by software, not financial advice. How we make alerts