We recently published a list of 14 Most Expensive Stocks Insiders Are Buying In March. In this article, we are going to take a look at where SouthState Corporation (NYSE:SSB) stands against other most expensive stocks insiders are buying in March.
President Donald Trump is preparing to announce “Liberation Day” tariffs on April 2, introducing so-called reciprocal tariffs as retaliation for tariffs imposed by other countries. While the announcement would represent a significant expansion of U.S. tariffs, experts familiar with the matter indicate it is expected to be more targeted than the broad, global approach, writes Bloomberg.
The stock market is reacting to these reports with the broader market gaining 1.5%, blue-chip companies advancing around 1.2% and the NASDAQ Composite being up more than 2%.
As investors digest daily developments, uncertainty continues to weigh on the market. During such times, insider trading often draws attention, as executive stock purchases may signal confidence in a company’s future. However, insider selling doesn’t always indicate doubt—it could reflect personal financial needs or diversification strategies. Executives often use pre-set plans like 10b5-1 to ensure transparency. While insider trading offers valuable clues, it should be considered alongside financial health, market trends, and industry shifts.
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Which stocks are insiders buying at the highest prices this month? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 14 stocks with the highest average price per share.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
With each stock, we note the average price per share of these purchases and the stock’s market capitalization.
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SouthState Corporation (NYSE:SSB)
Market Capitalization: $9.55 billion
SouthState Corporation (NYSE:SSB) is a bank holding company for SouthState Bank, offering a wide range of banking services to individuals and businesses across the United States. The Winter Haven, Florida-based company provides various deposit accounts, loans (including real estate, commercial, and consumer loans), credit and debit cards, treasury management, and wealth management services.
For the full year 2024, SouthState Corporation (NYSE:SSB) disclosed a net income of $534.78 million, compared to $494.31 million in the prior year. Adjusted net income per share was $7.25, compared to $6.90 in 2023.
This month, two insiders acquired a total of $1.79 million worth of SouthState shares at an average price of $75.75 per share. Currently, the stock trades at $94.16 per share, having declined 16.15% since the beginning of the year. However, over the past 12 months, SouthState shares returned 16.15% to its investors.
TipRanks reports that five analysts have given an average “Strong Buy” rating to SouthState stock with a price target of $156.73 per share. The average price target indicates a 66.42% upside from the latest price.
SouthState Corporation (NYSE:SSB) ranks among the 10 high growth financial stocks to invest in.
Overall, SSB ranks 11th on our list of the most expensive stocks insiders are buying in March. While we acknowledge the potential of SSB our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SSB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
