Have Insiders Sold SouthState Shares Recently?

We wouldn't blame SouthState Corporation (NYSE:SSB) shareholders if they were a little worried about the fact that Richard Murray, the President & Chief Banking Officer recently netted about US$515k selling shares at an average price of US$97.20. However, that sale only accounted for 8.0% of their holding, so arguably it doesn't say much about their conviction.

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SouthState Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Chief Operating Officer, Renee Brooks, sold US$759k worth of shares at a price of US$110 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$95.40. So it may not tell us anything about how insiders feel about the current share price.

In the last twelve months insiders purchased 11.66k shares for US$1.1m. On the other hand they divested 33.23k shares, for US$3.5m. All up, insiders sold more shares in SouthState than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for SouthState

I will like SouthState better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of SouthState

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that SouthState insiders own 1.3% of the company, worth about US$131m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About SouthState Insiders?

Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. While we gain confidence from high insider ownership of SouthState, we can't say the same about their transactions in the last year, in the absence of further purchases. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for SouthState that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.