Revenue Update on South State Corporation(NASDAQ:SSB)

South State Corporation(NASDAQ:SSB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $113.52M. Analysts estimated a revenue of $115.80M. Earnings per share were $1.18. Analysts had estimated an EPS of $1.11.

In a different note, Keefe Bruyette & Woods said it Initiates Coverage on South State Corporation, according to a research note issued on Jun 20, 2016. The shares have been rated ‘Outperform’ by the firm.

South State Corporation (SSB) shares turned negative on Thursdays trading session with the shares closing down -0.41 points or -0.55% at a volume of 44,237. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $74.61. The peak price level was also seen at $74.61 while the days lowest was $73.925. Finally the shares closed at $74.38. 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 $1,799 M.

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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