Squarepoint Ops LLC Takes $2.84 Million Position in SouthState Bank Corporation $SSB

Squarepoint Ops LLC initiated a new position in SouthState Bank Corporation (NYSE:SSB) during the second quarter, purchasing 28,407 shares valued at $2.84 million. Institutional investors now own 89.76% of the company, and analysts maintain a consensus "Buy" rating with an average price target of $119.64. SouthState Bank recently exceeded EPS expectations and increased its quarterly dividend, although company insiders have sold shares worth approximately $3.81 million over the past three months.