SouthState Corp chief accounting officer sells $200,652 in stock

WINTER HAVEN, FL—Sara Arana, the Chief Accounting Officer of SouthState Corp (NASDAQ:SSB), recently executed a significant stock sale. According to a recent SEC filing, Arana sold 1,991 shares of common stock on March 3, 2025. The shares were sold at a price of $100.78 each, amounting to a total transaction value of $200,652. The transaction occurred near the stock’s current trading price of $99.22, with InvestingPro data showing the company currently trades slightly below its Fair Value. The regional bank, with a market capitalization of $10 billion, maintains a solid dividend track record, having raised dividends for 13 consecutive years.

Following this transaction, Arana retains ownership of 4,787 shares in SouthState Corp. This sale was conducted under the direct ownership of Arana and was not part of an equity swap or any similar arrangement. The transaction was signed off by William E. Matthews, V, the CFO of SouthState Corp, under a power of attorney. Analysts maintain a bullish outlook on SSB, with five analysts recently revising earnings estimates upward. For deeper insights into insider trading patterns and additional ProTips, visit InvestingPro, where comprehensive research reports are available for over 1,400 US stocks, including SSB.

In other recent news, SouthState Corp reported strong financial results for the fourth quarter of 2024, exceeding both earnings and revenue forecasts. The company achieved an earnings per share (EPS) of $1.93, surpassing the expected $1.66, while revenue reached $450.32 million, beating the forecast of $435.94 million. Additionally, SouthState Corp successfully completed the acquisition of Independent (LON:IOG) Financial, enhancing its presence in high-growth markets like Texas and the Southeastern U.S. The company has also announced a stock repurchase program authorized by the Federal Reserve Board, allowing for the repurchase of up to 3 million shares by December 31, 2026.

Analysts from various firms have noted the positive momentum, with SouthState Corp demonstrating significant revenue and net interest income growth. The company reported a 5% loan growth and a 3% increase in deposits for the year, reflecting its expanding customer base and operational efficiency. Looking ahead, SouthState Corp projects a net interest margin between 360 and 370 basis points for the first quarter of 2025, with plans to exit the year between 375 and 385 basis points. The company anticipates mid-single digit loan growth and a steady deposit cost of around 2% for the first quarter of 2025. These recent developments highlight SouthState Corp’s strategic focus on capital management and growth in high-potential markets.

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