On September 20, 2024, MATTHEWS WILLIAM E V, Chief Financial Officer of SouthState Corp (SSB, Financial), sold 5,000 shares of the company at a price of $100 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 36,964 shares of SouthState Corp.
SouthState Corp, a financial services company, offers a wide range of banking solutions and services to its customers. The company's operations include consumer and commercial banking, mortgage, and wealth management services, catering to the needs of individuals and businesses alike.
Over the past year, the insider has sold a total of 5,000 shares and has not made any purchases. This recent sale is part of a broader trend within SouthState Corp, where there have been 7 insider sells and only 1 insider buy over the past year.
As of the date of the sale, SouthState Corp shares were trading at $100, giving the company a market cap of approximately $7.53 billion. The price-earnings ratio of the company stands at 15.83, which is above the industry median of 10.33 but below the company's historical median.
According to the GF Value, an intrinsic value estimate developed by GuruFocus, SouthState Corp is currently modestly overvalued with a price-to-GF-Value ratio of 1.21. The GF Value of $82.71 is calculated based on historical trading multiples, a GuruFocus adjustment factor, 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 and valuation alignment.
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.
