On November 12, 2024, Jean Davis, Director at SouthState Corp (SSB, Financial), executed a sale of 2,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 17,219 shares of SouthState Corp.
SouthState Corp, headquartered in Florida, operates as a bank holding company for SouthState Bank, offering 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.
The shares were sold at a price of $110.61, valuing the transaction at approximately $221,220. This sale has contributed to a total of 9 insider sells over the past year, compared to only 1 insider buy, indicating a trend of insider sales at SouthState Corp.
As of the latest sale, SouthState Corp has a market cap of approximately $8.27 billion. The stock's price-earnings ratio stands at 16.72, which is above both the industry median of 10.84 and the company's historical median.
According to the GF Value, the intrinsic value estimate for SouthState Corp is $84.08 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.32.
The above insider trend image reflects the recent activities of insiders at SouthState Corp, showing a predominance of selling over buying.
The GF Value image provides a visual representation of the stock's valuation, indicating that it is currently trading above its estimated fair value.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation perspectives.
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.
