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South State Corp (SSB) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

South State Corp (SSB) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. South State Corp is a bank holding company. It provides retail and commercial banking services, mortgage lending services, trust and investment services and consumer loans. South State Corp has a market cap of $2.62 billion; its shares were traded at around $71.65 with a P/E ratio of 14.66 and P/S ratio of 4.02. The dividend yield of South State Corp stocks is 2.01%.


For the last quarter South State Corp reported a revenue of $160.8 million, compared with the revenue of $144.8 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $653.7 million, an increase of 21.6% from last year. For the last five years South State Corp had an average revenue growth rate of 12.5% a year.

The reported diluted earnings per share was $4.86 for the year, an increase of 65.9% from previous year. Over the last five years South State Corp had an EPS growth rate of 10.3% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, South State Corp has the cash and cash equivalents of $409.0 million, compared with $373.4 million in the previous year. The long term debt was $266.1 million, compared with $116.4 million in the previous year. South State Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $71.65, South State Corp is traded at 19.3% premium to its historical median P/S valuation band of $60.08. The P/S ratio of the stock is 4.02, while the historical median P/S ratio is 3.36. The stock lost 19.26% during the past 12 months.

CEO Recent Trades:

  • CEO Robert R Jr Hill sold 9,892 shares of SSB stock on 02/01/2019 at the average price of $67. The price of the stock has increased by 6.94% since.

For the complete 20-year historical financial data of SSB, click here.

This article first appeared on GuruFocus.