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Summary

News

08/22 11:46 EST - zacks.com
Regional Banks Ramp Up M&A Deals to Strengthen Balance Sheet
Regional banks like SSB, UMBF and RNST are resorting to M&A deals to bolster their balance sheet amid deposit competition.

08/01 10:55 EST - zacks.com
SouthState (SSB) Now Trades Above Golden Cross: Time to Buy?
SouthState Corporation (SSB) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, SSB's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

07/30 07:31 EST - seekingalpha.com
7 Upcoming Dividend Increases
The article presents upcoming dividend increases, with an average increase of 7.1% and a median of 5.9%. Investment strategy involves buying companies with a consistent dividend growth history and beating benchmarks for long-term portfolio success. Data is sourced from the U.S. Dividend Champions spreadsheet and NASDAQ for companies with at least 5 years of dividend growth.

07/25 16:30 EST - prnewswire.com
SouthState Corporation adds Merriann Metz, Publix General Counsel and Chief Compliance Officer, to Board
WINTER HAVEN, Fla. , July 25, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) announced today that Merriann Metz was appointed to the board of directors of both the company and its bank subsidiary, SouthState Bank, N.A.

07/24 20:35 EST - zacks.com
SouthState (SSB) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for SouthState (SSB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

07/24 18:25 EST - zacks.com
SouthState (SSB) Tops Q2 Earnings and Revenue Estimates
SouthState (SSB) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.63 per share a year ago.

07/24 16:05 EST - prnewswire.com
SouthState Corporation Reports Second Quarter 2024 Results, Declares an Increase in the Quarterly Cash Dividend
WINTER HAVEN, Fla. , July 24, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month and six-month periods ended June 30, 2024.

07/23 09:27 EST - prnewswire.com
SouthState earns "America's Best Mid-Size Companies" award from TIME Magazine
WINTER HAVEN, Fla. , July 23, 2024 /PRNewswire/ -- SouthState Bank has earned the "America's Best Mid-Size Companies" award from TIME Magazine, being one of the select few regional banks to receive the award.

07/17 11:08 EST - zacks.com
Earnings Preview: SouthState (SSB) Q2 Earnings Expected to Decline
SouthState (SSB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

07/08 10:45 EST - prnewswire.com
SouthState Corporation to Announce Quarterly Earnings Results on Wednesday, July 24, 2024
WINTER HAVEN, Fla. , July 8, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") announced today that it will release second quarter 2024 earnings results on Wednesday, July 24, 2024, after the market closes.

07/01 12:00 EST - prnewswire.com
Cantor Fitzgerald and Silverstein Properties Announce Joint Venture with Turnbull Development, LLC for Opportunity Zone Development in Summerville, SC
NEW YORK , July 1, 2024 /PRNewswire/ -- Affiliates of Cantor Fitzgerald, L.P., ("Cantor Fitzgerald"), a leading global financial services firm and real assets investment company, and Silverstein Properties ("Silverstein"), a leading global full-service real estate development, investment, and management firm, announced that they have entered into a joint venture with Turnbull Development, LLC, a Charleston-based development firm.

06/28 12:53 EST - seekingalpha.com
SouthState Bank Keeping Its Foot Firmly On The Accelerator
SouthState continues to aggressively pursue growth across the Southeastern U.S., and the acquisition of Independent Bank gives the company a foothold in the attractive Texas market. IBTX will give SouthState some attractive growth leverage, and long-term funding and margin improvement opportunities, but a retail and office-heavy portfolio is a near-term risk. I expected around 7% core earnings growth from SouthState before the deal, supporting a fair value in the low-$80's, and I think IBTX will be a value-adding deal over time.

06/10 09:30 EST - prnewswire.com
SouthState Welcomes Slate of Seven Georgia Bankers
WINTER HAVEN, Fla. , June 10, 2024 /PRNewswire/ -- SouthState Bank has announced the addition of seven new commercial and private bankers in its growing Georgia market.

05/21 10:05 EST - zacks.com
SouthState (SSB) to Acquire Independent Bank for $2 Billion
SouthState (SSB) announces a deal to acquire Independent Bank. This deal is set to help SSB to fortify its loans and deposit base and expand its geographical locations.

05/20 19:54 EST - prnewswire.com
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Independent Bank Group, Inc.
NEW YORK , May 20, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Independent Bank Group, Inc. (NASDAQ: IBTX) and its board of directors concerning the proposed acquisition of the company by SouthState Corporation (NYSE: SSB). Stockholders will receive 0.60 shares of SouthState common stock for each share of Independent Bank Group stock that they hold.

05/20 11:35 EST - https://www.prnewswire.com
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates OSG, IBTX, AGR, SSB
NEW YORK, May 20, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Overseas Shipholding Group, Inc. (NYSE: OSG)'s sale to Saltchuk Resources, Inc. for $8.50 per share in cash. If you are an Overseas shareholder, click here to learn more about your rights and options. Independent Bank Group, Inc. (NASDAQ: IBTX)'s sale SouthState Corporation for 0.60 shares of SouthState common stock for each outstanding share of Independent Bank common stock. If you are an Independent Bank shareholder, click here to learn more about your rights and options. Avangrid, Inc. (NYSE: AGR)'s sale to Iberdrola, S.A. for $35.75 per share. If you are an Avangrid shareholder, click here to learn more about your rights and options. SouthState Corporation (NYSE: SSB)'s merger with Independent Bank Group, Inc. If you are a SouthState shareholder, click here to learn more about your rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLCDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060 [email protected] [email protected] https://www.halpersadeh.com

05/20 08:18 EST - businesswire.com
SSB STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Merger of SouthState Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of SouthState Corporation (NYSE: SSB) and Independent Bank Group, Inc. is fair to SouthState shareholders. Halper Sadeh encourages SouthState shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether SouthState and its bo.

05/20 07:59 EST - marketwatch.com
Texas-based Independent Bank to be bought for $2 billion by Florida's SouthState
Independent Bank Group Inc. will no longer be independent, after the Texas-based bank announced Friday an agreement to be acquired by Florida's SouthState Corp. in an all-stock deal valued at about $2 billion.

05/20 07:24 EST - https://www.defenseworld.net
Foundations Investment Advisors LLC Purchases New Stake in The Kroger Co. (NYSE:KR)
Foundations Investment Advisors LLC acquired a new stake in The Kroger Co. (NYSE:KR – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,962 shares of the company’s stock, valued at approximately $232,000. A number of other large investors have also recently made changes to their positions in KR. SouthState Corp lifted its position in shares of Kroger by 334.3% during the fourth quarter. SouthState Corp now owns 595 shares of the company’s stock valued at $27,000 after purchasing an additional 458 shares in the last quarter. VisionPoint Advisory Group LLC lifted its holdings in Kroger by 370.1% during the third quarter. VisionPoint Advisory Group LLC now owns 630 shares of the company’s stock worth $28,000 after acquiring an additional 496 shares during the period. ORG Partners LLC boosted its position in Kroger by 613.0% in the fourth quarter. ORG Partners LLC now owns 820 shares of the company’s stock worth $38,000 after purchasing an additional 705 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Kroger in the 3rd quarter valued at $40,000. Finally, Field & Main Bank purchased a new stake in shares of Kroger during the 4th quarter valued at $45,000. 80.93% of the stock is owned by institutional investors. Analysts Set New Price Targets Several equities analysts recently weighed in on KR shares. BNP Paribas restated an “underperform” rating and set a $48.00 price target on shares of Kroger in a research report on Monday, April 8th. Wells Fargo & Company raised shares of Kroger from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $58.00 to $65.00 in a research report on Tuesday, April 16th. Telsey Advisory Group restated an “outperform” rating and set a $62.00 price target on shares of Kroger in a research note on Tuesday, April 23rd. Guggenheim upped their price objective on Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Evercore ISI decreased their target price on Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.17. Get Our Latest Analysis on Kroger Kroger Stock Down 0.4 % Shares of NYSE:KR opened at $54.20 on Monday. The company has a market cap of $39.12 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.53 and a beta of 0.49. The Kroger Co. has a one year low of $42.10 and a one year high of $58.34. The firm has a fifty day moving average price of $55.89 and a two-hundred day moving average price of $49.41. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.36. Kroger (NYSE:KR – Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.21. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The business had revenue of $37.06 billion for the quarter, compared to analyst estimates of $37.07 billion. During the same period in the prior year, the company earned $0.99 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that The Kroger Co. will post 4.43 EPS for the current fiscal year. Kroger Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, May 14th. Kroger’s dividend payout ratio is currently 39.19%. Insider Buying and Selling In other news, SVP Valerie L. Jabbar sold 15,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $55.52, for a total value of $832,800.00. Following the completion of the transaction, the senior vice president now directly owns 77,696 shares in the company, valued at approximately $4,313,681.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Carin L. Fike sold 3,929 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the transaction, the vice president now directly owns 3,768 shares in the company, valued at approximately $214,889.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Valerie L. Jabbar sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total value of $832,800.00. Following the sale, the senior vice president now directly owns 77,696 shares of the company’s stock, valued at approximately $4,313,681.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,796 shares of company stock worth $3,118,767. Corporate insiders own 1.40% of the company’s stock. Kroger Profile (Free Report) The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. See Also Five stocks we like better than Kroger How to Invest in the Best Canadian Stocks Canada Goose Flies Higher Driven By DTC Growth Financial Services Stocks Investing CVS Health Stock Has a Silver Lining Called Value Best ESG Stocks: 11 Best Stocks for ESG Investing Magnificent 7 Still Magnificent as the Halfway Mark Approaches?

05/20 07:00 EST - prnewswire.com
SouthState Corporation to Acquire Texas-based Independent Bank Group, Inc.
WINTER HAVEN, Fla. and MCKINNEY, Texas , May 20, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") and Independent Bank Group, Inc. (NASDAQ: IBTX) ("Independent Bank Group") jointly announced today that they have entered into a definitive agreement under which SouthState will acquire Independent Bank Group, in an all-stock transaction valued at approximately $2 billion.