South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans. The company has branches across South Carolina, North Carolina, and Georgia. The company was founded in 1933 and is based in Columbia, South Carolina.
Moody's Investors Service, ("Moody's") has assigned first-time ratings to South State Bank, N.A. (South State); a Florida-based regional bank and to its bank holding company, South State Corporation. The bank was assigned long- and short-term deposit ratings of A3/Prime-2, a long-term issuer rating of Baa3, and a standalone Baseline Credit Assessment (BCA) of baa2.
DA Davidson lowered shares of South State (NASDAQ:SSB) from a buy rating to a neutral rating in a report released on Monday, Analyst Ratings Network reports. DA Davidson currently has $76.00 price target on the bank’s stock, up from their prior price target of $73.00. SSB has been the topic of a number of other […]