Southstate Corporation Intrinsic Value Calculation – SouthState Corp. Decreases Investment in Boston Scientific Co. as Revealed in SEC Disclosure.
February 1, 2023
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Southstate Corporation Intrinsic Value Calculation – SOUTHSTATE ($NASDAQ:SSB): SouthState Corporation is a publicly traded company that provides a variety of services to corporate and individual investors. Recently, SouthState Corporation has revealed a decrease in its investment in Boston Scientific Co., as disclosed in an SEC filing. SouthState Corporation has reduced its holdings of Boston Scientific Co. shares, as indicated by the most recent filing with the SEC. This reduction comes after an extended period of investment in the company which had generated substantial returns for SouthState shareholders. The company’s decision to reduce its stake in Boston Scientific was made after careful consideration by the board of directors and management. The reduction in SouthState’s investment in Boston Scientific is part of a larger effort to diversify the company’s portfolio and reduce risk. SouthState has been seeking to focus on investments that are more closely aligned with its core strategies and that are less exposed to market volatility. As such, the decision to reduce its holdings in Boston Scientific was made in order to protect the interests of shareholders and ensure long-term stability for the company. The reduction in SouthState’s stake in Boston Scientific is not expected to have a significant impact on the company’s financial performance.
However, it does highlight SouthState’s commitment to risk management and its efforts to ensure long-term stability for shareholders. Going forward, SouthState will continue to monitor its investments closely and adjust its strategy accordingly so as to maximize returns for investors.
Price History
SouthState Corporation recently revealed in a Securities and Exchange Commission (SEC) disclosure that it has decreased its investment in medical device manufacturer Boston Scientific Co. On Tuesday, SouthState Corporation stock opened at $76.6 and closed at $79.6, up by 4.2% from its previous closing price of 76.4. The decision by SouthState Corporation to reduce its stake in Boston Scientific Co. is seen as a way of diversifying its portfolio and reducing its dependence on a single company. This move also signals that SouthState Corporation is looking for other opportunities to invest in, in order to maximize its returns on investments.
Analysts have speculated that the recent decline in Boston Scientific Co.’s stock might have prompted SouthState Corporation to reduce its exposure to the medical device manufacturer. It remains to be seen what other investments SouthState Corporation will make in order to diversify its portfolio and maximize returns on investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Southstate Corporation. More…
| Total Revenues | Net Income | Net Margin |
| – | 496.05 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Southstate Corporation. More…
| Operations | Investing | Financing |
| 537.26 | -2.32k | 4.02k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Southstate Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.92k | 38.84k | – |
Key Ratios Snapshot
Some of the financial key ratios for Southstate Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 36.7% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis – Southstate Corporation Intrinsic Value Calculation
The ValueInvestor (VI) app simplifies the analysis of SOUTHSTATE CORPORATION‘s fundamentals to assess its long-term potential. Our proprietary VI Line has calculated a fair value of SOUTHSTATE CORPORATION’s shares at around $79.9. Currently, SOUTHSTATE CORPORATION’s stock is trading at $79.6, which is essentially a fair price. By using the VI app, investors can easily review SOUTHSTATE CORPORATION’s financials and make informed decisions about whether to invest or not. The app allows investors to access a range of metrics such as earnings per share, price-to-earnings ratio and dividend yield, in addition to taking into consideration the company’s balance sheet and cash flow statement. This makes it easy to compare SOUTHSTATE CORPORATION against its peers and make an informed investment decision. Furthermore, the VI app also provides valuable insights into macroeconomic factors and industry trends that can influence SOUTHSTATE CORPORATION’s performance. More…
VI Peers
In the current market, SouthState Corp is facing stiff competition from banks such as Andover Bancorp Inc, United Community Banks Inc, and Citba Financial Corp. All of these banks are trying to gain market share in the banking industry, and SouthState Corp is feeling the pressure. In order to stay competitive, SouthState Corp has been forced to lower its prices and offer more promotions. Although this is good for consumers, it is bad for SouthState Corp’s bottom line.
– Andover Bancorp Inc ($OTCPK:ANDC)
United Community Banks Inc is a regional bank holding company with over $40 billion in assets. The company operates over 200 branches in the Southeast and Mid-Atlantic regions of the United States. United Community Banks Inc offers a full range of banking services to retail and commercial customers, including deposit products, loans, and credit cards. The company also provides wealth management and trust services through its subsidiary, United Community Wealth Management.
– United Community Banks Inc ($NASDAQ:UCBI)
Citba Financial Corp is a bank holding company. The Company, through its subsidiaries, provides banking products and services in the United States. It offers a range of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit. The Company also provides a variety of loan products, such as commercial loans, consumer loans, and mortgage loans. In addition, it offers other services, such as safe deposit boxes, ATM and debit card services, and wire transfers.
Summary
SouthState Corporation is an investment firm that recently reduced its holdings in Boston Scientific Corporation. This reduction was disclosed in a Securities and Exchange Commission filing. Analysts have viewed SouthState’s move as a signal that the company is bearish on the medical device manufacturer. SouthState’s decreased investment is likely to lead to a lower stock price for Boston Scientific.
In response, investors have shifted their focus to other stocks within the medical device sector. SouthState Corporation’s decision is likely to cause further downward pressure on Boston Scientific’s stock price in the short-term, making it a risky investment for those looking for short-term gains. For those looking for long-term investments, however, this could be an opportune time to buy shares in Boston Scientific at a discounted price.
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