Truist lowered the firm’s price target on South State (SSB) to $103 from $111 and keeps a Hold rating on the shares. Net interest income should continue to benefit from fixed rate loan repricing and lower deposit costs as the balance sheet is slightly liability sensitive, the analyst tells investors in a research note. Truist believes the stock is close to fairly valued.
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Read More on SSB:
- South State price target raised to $112 from $110 at Piper Sandler
- SouthState Reports Growth and Strong Acquisition Support
- South State reports Q3 adjusted EPS $1.90, consensus $1.64
- SouthState Corporation (SSB) Q3 Earnings Cheat Sheet
- South State initiated with a Neutral at Citi
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