Stephens lowered the firm’s price target on South State (SSB) to $110 from $115 and keeps an Overweight rating on the shares. Lower core net interest income was offset by stronger correspondent banking and capital markets-driven fees and lower expenses, but a core net interest margin miss and lower related outlook for 2026 is weighing on the firm’s 2026 pre-provision net revenue expectations, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSB:
- South State price target lowered to $120 from $127 at TD Cowen
- South State price target lowered to $116 from $117 at Citi
- South State price target lowered to $118 from $121 at Piper Sandler
- SouthState Corporation’s Earnings Call: Balanced Optimism
- South State price target lowered to $112 from $117 at DA Davidson