Keefe Bruyette & Woods Initiates Coverage on South State Corporation to Outperform

Keefe Bruyette & Woods Initiates Coverage on South State Corporation(NASDAQ:SSB). The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Jun 20, 2016.

South State Corporation (SSB) shares turned negative on Fridays trading session with the shares closing down -2.69 points or -3.90% at a volume of 2,22,491. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.6. The peak price level was also seen at $67.6 while the days lowest was $66.03. Finally the shares closed at $66.34. The 52-week high of the shares is $81.798 while the 52-week low is $59.185. According to the latest information available, the market cap of the company is $1,604 M.

South State Corporation(SSB) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $111.64M. Analysts had an estimated revenue of $111.40M. Earnings per share were $1.04. Analysts had estimated an EPS of $1.03.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Joe E Burns (CHIEF CREDIT OFFICER) sold 500 shares at $64.80 per share price.Also, On Feb 25, 2016, Luther J Iii Battiste (director) sold 352 shares at $61.10 per share price.On Feb 16, 2016, Jimmy Evan Addison (director) purchased 1,500 shares at $61.90 per share price, according to the Form-4 filing with the securities and exchange commission.

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