UBS analyst Brody Preston initiated coverage of South State with a Neutral rating and $79 price target. While UBS views South State as a quality bank with a loan and deposit base that is well positioned, the firm views consensus estimates as too optimistic, the analyst tells investors in a research note. UBS also views shares as fairly valued.
Published first on TheFly
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Read More on SSB:
- South State participates in a conference call hosted by Truist
- South State director Pollok sells 12,224 common shares
- South State price target lowered to $91 from $96 at Truist
- SouthState Corporation Reports Fourth Quarter 2022 Results, Declares Quarterly Cash Dividend
- South State reports Q4 adjusted EPS $1.90, consensus $2.02
