SouthState Bank CFO William E. Matthews V sells $435,720 in shares

SouthState Bank CFO William E. Matthews V sold 4,000 shares of the company's common stock on August 19, 2026. The sale totaled $435,720, with each share priced at $108.93. Currently, the stock is trading at $107.42, up 19% year-to-date, and carries a P/E ratio of 11.29. According to InvestingPro, SouthState Bank appears undervalued at present, with the company boasting a strong dividend history, having increased payouts for 14 consecutive years at a current yield of 2.4%.

Following the transaction, Matthews V now owns 40,568 shares of SouthState Bank Corp common stock. Meanwhile, SouthState Corporation reported Q2 2026 earnings of $2.35 per share, surpassing analysts' expectations of $2.30 per share. However, revenue for the period was $672.68 million, just below the forecasted $676.75 million figure.

TD Cowen has increased its price target for SouthState to $120 from $114, maintaining a Buy rating. The bank's core net interest margin expanded, staying within the 3.75% to 3.8% range through 2027. Analysts are optimistic about SouthState's stable financial performance and positive sentiment.