Chief Credit Officer Daniel Bockhorst sold 3,000 shares of SouthState Corp (SSB, Financial) on November 11, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 30,328 shares of the company.
SouthState Corp 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.
Over the past year, Daniel Bockhorst has sold a total of 8,500 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 9 insider sells and only 1 insider buy over the past year.
Shares of SouthState Corp were trading at $110 on the day of the sale, giving the company a market cap of approximately $8.27 billion. The price-earnings ratio of the stock 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 1.31.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This sale by the insider may be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.
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.
