Citigroup Cuts SouthState Bank (SSB) Price Target to $124
Key Points
- Citigroup reduced its price target on SouthState Bank from $126 to $124 on October 26, 2026.
- The stock recently traded at $105.51, which is about 14.9% below Citigroup's new target price.
- The average price target among analysts for SouthState Bank is $118.64, indicating potential upside.
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Citigroup has lowered its price target on SouthState Bank Corporation (SSB) to $124 from $126 on October 26, 2026. The firm maintains a Buy rating on the stock, signaling a positive outlook despite the adjustment in the target price. This change comes as the stock was recently trading at $105.51, which is about 14.9% below the new target, indicating a gap that investors may want to consider.
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Other Institutional Activity in SouthState Bank
American Century Companies Inc trimmed its holdings in SouthState Bank by 22,772 shares, bringing its total to 2,085,755 shares valued at approximately $221.7 million. This reduction reflects a 1.1% decrease in their stake.
SouthState Bank Corporation Stock Up 0.3%
As of October 26, 2026, SouthState Bank shares closed at $106.29. The stock's recent trading price of $105.51 is below the new target set by Citigroup and about 6% lower than its 52-week high of $112.20. However, it remains above its 52-week low of $84.48, suggesting that the stock has shown resilience despite the recent target reduction.
$SSB price target
SouthState Bank Corporation daily closes and this analyst's $124 target. Not advice.
Recent Earnings
In its most recent earnings report, SouthState Bank reported trailing twelve-month revenue of approximately $2.65 billion and an EPS of $9.39. The company has a net margin of 35.0% and a return on equity of 10.3%. The next earnings report is scheduled for January 21, 2027.
Insider Buying and Selling at SouthState Bank Corporation
Several insiders have sold shares recently. David R. Brooks, a Director, sold 14,300 shares at an average price of $98.39 on April 28, 2026, totaling about $1.41 million. He also sold 6,181 shares at $107.92 on August 3, 2026, worth around $667,054, and another 24,650 shares at $110.00 on August 5, 2026, for about $2.71 million. William E.V. Matthews, the CFO, sold 4,000 shares at $108.93 on August 19, 2026, totaling approximately $435,720.
Analysts Set New Price Targets
On October 26, 2026, Citigroup maintained a Buy rating for SouthState Bank while lowering its price target to $124 from $126. Also on the same day, Stephens & Co. raised its target from $116 to $119 while keeping an Overweight rating. The average analyst price target for SouthState Bank is currently $118.64 based on 14 opinions, suggesting a consensus rating of Buy.
About SouthState Bank
SouthState Bank Corporation is a bank holding company based in Winter Haven, Florida. The bank provides a variety of banking services, including checking and savings accounts, loans, and investment products. With a workforce of around 6,190 employees, it serves individuals and businesses across the United States. This latest adjustment in Citigroup's target reflects the bank's ongoing performance and market conditions.
Bottom Line
Investors will be watching SouthState Bank's next earnings report on January 21, 2027, for updates on its financial health. Citigroup's target reduction highlights the importance of monitoring analyst opinions and market performance as the company navigates the financial landscape.
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Source: Citigroup's rating change on $SSB (Oct 26, 2026). Written by software, not financial advice. How we make alerts