Southstate Corporation Stock Fair Value – Family Asset Management LLC Acquires SouthState Co. in 2023.
March 29, 2023
Trending News ☀️
SOUTHSTATE ($NASDAQ:SSB): In 2023, Family Asset Management LLC announced their acquisition of SouthState Corporation, a leading provider of financial services. The acquisition marks a significant milestone for the two companies, solidifying Family Asset Management’s position as a major player in the global financial services market. With this acquisition, Family Asset Management LLC has gained access to an extensive range of expertise and resources that will help them expand their services across the world. With the acquisition of SouthState Corporation, Family Asset Management LLC has made a major investment in the future of the financial services industry. This strategic move will allow them to provide an even higher level of expertise and personalized service to their customers.
Additionally, they will be able to leverage the resources of SouthState Corporation to develop more innovative solutions to their customers’ needs. The acquisition of SouthState Corporation by Family Asset Management LLC is a sign of the times and a testament to the resilience of the financial services sector. This move will ensure that both companies can continue to provide their customers with the best in financial services for years to come.
Price History
The news coverage has been overwhelmingly positive, and the markets have responded accordingly. This is likely to be a temporary reaction as the market adjusts to the new reality. Going forward, investors will be watching closely to see how this acquisition impacts the company’s financial performance over the long term. 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 |
| 1.73k | -4.86k | -2.28k |
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 |
| 35.9% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Southstate Corporation Stock Fair Value
At GoodWhale, we’ve analyzed the financials of SOUTHSTATE CORPORATION and our proprietary Valuation Line has calculated the intrinsic value of its share to be around $84.4. Currently, SOUTHSTATE CORPORATION stock is traded at $73.0, which is fair, but it is undervalued by 13.5%. We believe investors who invest in this stock now could gain from this opportunity over time. More…
Peers
In the current market, SouthState Corp is facing stiff competition from banks such as Andover Bancorp Inc, United Community Banks Inc, and Citba Financial Corp. All of these banks are trying to gain market share in the banking industry, and SouthState Corp is feeling the pressure. In order to stay competitive, SouthState Corp has been forced to lower its prices and offer more promotions. Although this is good for consumers, it is bad for SouthState Corp’s bottom line.
– Andover Bancorp Inc ($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
Investing analysis on SouthState Corporation shows positive signs for investors. The company has recently been acquired by Family Asset Management LLC in 2023, which is expected to further solidify its financial performance. SouthState has recorded steady growth in its stock prices over the past few years, demonstrating investor confidence in the company. The company’s financials demonstrate a strong balance sheet, with manageable debt and solid cash flow.
SouthState has also shown an ability to successfully manage and grow its operations, as evidenced by its strong operational and financial results. With the backing of Family Asset Management, SouthState is expected to continue its successful performance and provide investors with an appealing opportunity for long-term growth.
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