Citigroup Reiterates Buy Rating on SSB, Sets $115 Price Target
Citigroup analyst Benjamin Gerlinger maintained a buy rating on SSB, targeting $115, a 15.29% upside from the current price.
Key Points
- Citigroup reiterated its buy rating on SSB with a price target of $115 as of June 25, 2026.
- Citigroup's $115 price target implies 15.29% upside from SouthState Bank Corporation's ($SSB) current $99.75 share price.
- SSB shares traded around $99.75 on Friday, with significant institutional interest from funds like BlackRock and Vanguard.
- Insider buying activity was noted in May, with several insiders purchasing shares at prices around $96.46 and $97.48.
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Citigroup analyst Benjamin Gerlinger has reiterated a buy rating on SSB, setting a price target of $115 as of June 25, 2026. This maintains the firm's positive outlook on the stock.
Citigroup vs. the S&P 500
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Other Institutional Activity in SSB
BlackRock, Inc. grew its holdings by 116,333 shares, ending with 9,472,684 shares worth about $876.4 million, reflecting a 1.2% increase. Vanguard Portfolio Management LLC opened a new position with 6,207,998 shares valued at approximately $574.4 million. Dimensional Fund Advisors LP increased its stake by 205,355 shares, bringing its total to 4,934,851 shares valued at $456.6 million, a 4.3% rise. Vanguard Capital Management LLC also initiated a stake with 4,403,672 shares, worth about $407.4 million. Meanwhile, State Street Corp reduced its position by 169,113 shares to 3,734,578 shares, valued at $345.5 million, a decrease of 4.3%. T. Rowe Price Investment Management, Inc. cut its holdings by 375,561 shares, leaving it with 2,679,111 shares worth $247.9 million, a 12.3% reduction.
SouthState Bank Corporation Stock Down 5.9%
Shares of SSB traded near $99.75 on Friday. While specific market cap and P/E ratio details are not provided, the stock remains a point of interest for institutional investors.
$SSB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at SouthState Bank Corporation
In May, several insiders made purchases. On May 4, Cooper Shantella bought 312 shares, Douglas Hertz purchased 506 shares, William Jr. Pou acquired 260 shares, and Ruffner Jr. Page also bought 260 shares, all at $96.46 each. Earlier, on May 1, Benjamin Sasse and Stacy Smith each purchased 1,050 shares at $97.48.
Analysts Set New Price Targets
On June 25, Citigroup maintained its buy rating on SSB with a price target of $115. Previously, JP Morgan maintained a buy rating with a $115 target on May 21. TD Cowen and Barclays both maintained buy ratings on April 27, with targets of $114 and $123, respectively. Truist Securities also maintained a buy rating with a $108 target.
Bottom Line
Citigroup's reaffirmation of its buy rating and $115 price target underscores its confidence in SSB's potential. Investors and analysts continue to track SSB's performance closely, with significant institutional and insider activity indicating ongoing interest. As always, remember that analyst ratings and 13F filings are backward-looking and may not reflect the most current investment positions.
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