On September 18, 2024, Daniel Bockhorst, Chief Credit Officer of SouthState Corp (SSB, Financial), sold 2,500 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 33,328 shares of SouthState Corp.
SouthState Corp operates as a bank holding company for South State Bank, providing a wide range of banking services and products to its customers. The company's services include consumer and commercial banking solutions, mortgage and wealth management services.
Over the past year, Daniel Bockhorst has sold a total of 5,500 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend within the company, where there have been 6 insider sells and only 1 insider buy over the past year.
Shares of SouthState Corp were trading at $100 on the day of the sale, giving the company a market cap of approximately $7.56 billion. The price-earnings ratio of the stock stands at 15.88, which is above the industry median of 10.205 but below the company's historical median.
According to the GF Value, the intrinsic value of SouthState Corp is estimated at $82.68 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.21.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance or stock valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
