SouthState Bank sees institutional buying and insider selling

SouthState Bank Corporation has seen significant shifts in its shareholder structure and insider holdings. First National Bank of Omaha acquired 154,272 shares during the second quarter, a stake valued at approximately $15,420,000, bringing its ownership to 0.16%.

Other institutional investors have also adjusted their positions. Jane Street Group LLC increased its holdings by 4.6%, while Arrowstreet Capital Limited Partnership raised its stake by over 1,800%. Conversely, M&T Bank Corp and Jump Financial LLC established new positions in the company.

Regarding insider activity, Director David R. Brooks sold 24,650 shares at an average price of $110.00 in early August. Additionally, CFO William Matthews sold 4,000 shares on August 19th at an average price of $108.93, representing an 8.98% decrease in his direct position.

Financially, SouthState Bank reported quarterly earnings per share of $2.35, exceeding analyst estimates of $2.31. The company maintains a market capitalization of approximately $10.39 billion.